Service Co. International (NYSE:SCI) Shares Purchased by Raymond James & Associates

Raymond James & Associates boosted its position in Service Co. International (NYSE:SCI - Free Report) by 102.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,131 shares of the company's stock after buying an additional 61,919 shares during the period. Raymond James & Associates owned approximately 0.08% of Service Co. International worth $9,640,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCI. Inspire Investing LLC lifted its stake in Service Co. International by 3.1% in the second quarter. Inspire Investing LLC now owns 4,969 shares of the company's stock valued at $353,000 after purchasing an additional 148 shares during the last quarter. Fifth Third Bancorp increased its stake in Service Co. International by 14.0% in the second quarter. Fifth Third Bancorp now owns 1,226 shares of the company's stock valued at $87,000 after acquiring an additional 151 shares during the last quarter. UMB Bank n.a. increased its stake in Service Co. International by 7.8% in the third quarter. UMB Bank n.a. now owns 2,167 shares of the company's stock valued at $171,000 after acquiring an additional 156 shares during the last quarter. Larson Financial Group LLC boosted its holdings in Service Co. International by 5.6% during the 2nd quarter. Larson Financial Group LLC now owns 3,020 shares of the company's stock valued at $215,000 after acquiring an additional 159 shares during the period. Finally, HB Wealth Management LLC grew its holdings in shares of Service Co. International by 3.5% in the second quarter. HB Wealth Management LLC now owns 4,894 shares of the company's stock worth $348,000 after purchasing an additional 165 shares during the last quarter. 85.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Service Co. International Stock Performance

SCI stock traded down $0.25 during trading on Wednesday, reaching $76.21. The stock had a trading volume of 1,065,405 shares, compared to its average volume of 897,626. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 3.05. The firm has a market cap of $11.10 billion, a PE ratio of 21.97, a PEG ratio of 2.17 and a beta of 0.84. The stock's 50 day moving average is $77.46 and its two-hundred day moving average is $73.96. Service Co. International has a 52 week low of $52.89 and a 52 week high of $81.32.

Service Co. International (NYSE:SCI - Get Free Report) last posted 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 the consensus estimate of $1.03 billion. During the same period in the prior year, the business earned $0.83 earnings per share. Service Co. International's revenue was up 2.0% compared to the same quarter last year. As a group, equities analysts anticipate that Service Co. International will post 3.52 earnings per share for the current year.

Service Co. International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.30 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a yield of 1.57%. Service Co. International's payout ratio is 34.48%.

Insider Buying and Selling at Service Co. International

In related news, CEO Thomas L. Ryan sold 80,638 shares of the company's stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $73.97, for a total transaction of $5,964,792.86. Following the completion of the sale, the chief executive officer now directly owns 988,365 shares in the company, valued at $73,109,359.05. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Thomas L. Ryan sold 80,638 shares of the firm's stock in a transaction dated Wednesday, August 7th. The stock was 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 directly owns 988,365 shares in the company, valued at $73,109,359.05. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ellen Ochoa sold 2,642 shares of the business's stock in a transaction on Thursday, August 22nd. The shares were 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. 5.10% of the stock is owned by corporate insiders.

About Service Co. International

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.