Coho Partners Ltd. Sells 151,822 Shares of Service Co. International (NYSE:SCI)

Coho Partners Ltd. trimmed its holdings in Service Co. International (NYSE:SCI - Free Report) by 11.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,180,554 shares of the company's stock after selling 151,822 shares during the period. Service Co. International comprises about 3.4% of Coho Partners Ltd.'s holdings, making the stock its 16th largest position. Coho Partners Ltd. owned approximately 0.82% of Service Co. International worth $93,181,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SCI. BDF Gestion bought a new position in Service Co. International during the 2nd quarter valued at $3,948,000. Diversify Advisory Services LLC purchased a new stake in shares of Service Co. International during the first quarter valued at approximately $865,000. Boston Trust Walden Corp increased its position in shares of Service Co. International by 2.7% during the second quarter. Boston Trust Walden Corp now owns 684,846 shares of the company's stock valued at $48,713,000 after acquiring an additional 17,874 shares during the last quarter. Sei Investments Co. lifted its holdings in Service Co. International by 12.8% during the first quarter. Sei Investments Co. now owns 103,477 shares of the company's stock worth $7,680,000 after acquiring an additional 11,709 shares during the period. Finally, Tidal Investments LLC bought a new stake in shares of Service Co. International during the 1st quarter worth $917,000. Institutional investors and hedge funds own 85.53% of the company's stock.

Insider Activity

In other Service Co. International news, Director Ellen Ochoa sold 2,642 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total value of $201,875.22. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Service Co. International news, CEO Thomas L. Ryan sold 80,638 shares of the business's stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $73.97, for a total value of $5,964,792.86. Following the completion of the transaction, the chief executive officer now owns 988,365 shares of the company's stock, valued at $73,109,359.05. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ellen Ochoa sold 2,642 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total transaction of $201,875.22. The disclosure for this sale can be found here. Company insiders own 5.10% of the company's stock.

Service Co. International Stock Performance

SCI traded down $1.64 during trading hours on Thursday, hitting $75.12. The stock had a trading volume of 943,253 shares, compared to its average volume of 898,597. Service Co. International has a 1 year low of $52.89 and a 1 year high of $81.32. The company's fifty day simple moving average is $77.43 and its 200 day simple moving average is $73.81. The stock has a market cap of $10.94 billion, a PE ratio of 21.59, a price-to-earnings-growth ratio of 2.19 and a beta of 0.84. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 3.05.

Service Co. International (NYSE:SCI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.79 EPS for the quarter, missing analysts' consensus estimates of $0.86 by ($0.07). Service Co. International had a net margin of 12.32% and a return on equity of 32.07%. The business had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $1.03 billion. During the same quarter in the previous year, the company posted $0.83 earnings per share. The business's quarterly revenue was up 2.0% compared to the same quarter last year. Equities analysts anticipate that Service Co. International will post 3.52 earnings per share for the current year.

Service Co. International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend was Friday, September 13th. Service Co. International's payout ratio is presently 34.48%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Service Co. International from a "hold" rating to a "sell" rating in a research report on Thursday, August 1st.

Service Co. International Company Profile

Service Corporation International provides deathcare products and services in the United States and Canada. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses. The company also provides professional services related to funerals and cremations, including the use of funeral home facilities and motor vehicles; arranging and directing services; and removal, preparation, embalming, cremation, memorialization, and travel protection, as well as catering services.