JPMorgan Chase & Co. Raises Stake in Service Co. International (NYSE:SCI)

JPMorgan Chase & Co. increased its holdings in Service Co. International (NYSE:SCI - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 378,501 shares of the company's stock after buying an additional 8,256 shares during the period. JPMorgan Chase & Co. owned 0.26% of Service Co. International worth $30,212,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Proficio Capital Partners LLC increased its position in shares of Service Co. International by 8,471.3% during the fourth quarter. Proficio Capital Partners LLC now owns 297,253 shares of the company's stock valued at $23,727,000 after buying an additional 293,785 shares during the period. Raymond James Financial Inc. bought a new stake in Service Co. International during the 4th quarter worth approximately $12,975,000. Geode Capital Management LLC increased its holdings in Service Co. International by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 3,211,902 shares of the company's stock worth $253,567,000 after acquiring an additional 156,086 shares during the period. Tidal Investments LLC lifted its stake in Service Co. International by 4,977.3% in the 3rd quarter. Tidal Investments LLC now owns 155,567 shares of the company's stock worth $12,279,000 after purchasing an additional 152,503 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Service Co. International by 8.9% in the 4th quarter. Bank of New York Mellon Corp now owns 1,459,377 shares of the company's stock valued at $116,487,000 after purchasing an additional 118,832 shares during the period. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

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Service Co. International Trading Up 3.9 %

Shares of NYSE SCI traded up $2.91 during trading hours on Friday, hitting $78.04. The company's stock had a trading volume of 1,950,205 shares, compared to its average volume of 1,024,018. The business has a 50-day simple moving average of $78.61 and a 200-day simple moving average of $80.01. The stock has a market cap of $11.25 billion, a price-to-earnings ratio of 21.98, a P/E/G ratio of 1.90 and a beta of 0.81. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.48 and a current ratio of 0.52. Service Co. International has a 12 month low of $67.19 and a 12 month high of $89.37.

Service Co. International (NYSE:SCI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.06 earnings per share for the quarter, hitting analysts' consensus estimates of $1.06. Service Co. International had a return on equity of 32.18% and a net margin of 12.39%. On average, analysts anticipate that Service Co. International will post 3.84 earnings per share for the current fiscal year.

Service Co. International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.32 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Service Co. International's previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of 1.64%. Service Co. International's dividend payout ratio is 36.06%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Service Co. International from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Service Co. International currently has an average rating of "Moderate Buy" and a consensus price target of $88.50.

Insider Transactions at Service Co. International

In other Service Co. International news, Director Tony Coelho sold 6,500 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $79.29, for a total transaction of $515,385.00. Following the transaction, the director now owns 46,824 shares in the company, valued at approximately $3,712,674.96. This represents a 12.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas L. Ryan sold 50,000 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $84.56, for a total value of $4,228,000.00. Following the completion of the transaction, the chief executive officer now owns 982,333 shares of the company's stock, valued at approximately $83,066,078.48. The trade was a 4.84 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.10% of the company's stock.

Service Co. International Profile

Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery segments. The Funeral segment offers services related to cremations, including the use of home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, memorialization, and catering.