Raymond James & Associates Has $9.64 Million Stock Holdings in Service Co. International (NYSE:SCI)

Raymond James & Associates grew its position in shares of Service Co. International (NYSE:SCI - Free Report) by 102.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 122,131 shares of the company's stock after buying an additional 61,919 shares during the quarter. Raymond James & Associates owned approximately 0.08% of Service Co. International worth $9,640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. nVerses Capital LLC lifted its stake in shares of Service Co. International by 100.0% in the second quarter. nVerses Capital LLC now owns 400 shares of the company's stock valued at $28,000 after buying an additional 200 shares during the period. Whittier Trust Co. grew its stake in shares of Service Co. International by 406.5% in the 1st quarter. Whittier Trust Co. now owns 542 shares of the company's stock valued at $40,000 after purchasing an additional 435 shares during the period. Blue Trust Inc. raised its holdings in shares of Service Co. International by 121.9% in the 2nd quarter. Blue Trust Inc. now owns 708 shares of the company's stock worth $53,000 after buying an additional 389 shares in the last quarter. Quarry LP boosted its stake in Service Co. International by 258.6% in the 2nd quarter. Quarry LP now owns 789 shares of the company's stock valued at $56,000 after buying an additional 569 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new stake in Service Co. International in the first quarter valued at $65,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Service Co. International

In other Service Co. International news, CEO Thomas L. Ryan sold 80,638 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 988,365 shares in the company, valued at approximately $73,109,359.05. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Service Co. International news, Director Ellen Ochoa sold 2,642 shares of the firm's stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total value of $201,875.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Thomas L. Ryan sold 80,638 shares of the stock in a transaction on Wednesday, August 7th. The shares were 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 owns 988,365 shares of the company's stock, valued at approximately $73,109,359.05. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.10% of the company's stock.

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 Trading Up 0.5 %

SCI stock traded up $0.40 during trading on Wednesday, hitting $76.86. The company had a trading volume of 53,673 shares, compared to its average volume of 892,808. The stock has a market cap of $11.19 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 2.17 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. The firm has a 50-day moving average price of $77.46 and a 200-day moving average price of $73.96. Service Co. International has a 12 month low of $52.89 and a 12 month high of $81.32.

Service Co. International (NYSE:SCI - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.79 EPS for the quarter, missing analysts' consensus estimates of $0.86 by ($0.07). The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. Service Co. International had a net margin of 12.32% and a return on equity of 32.07%. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.83 EPS. As a group, analysts predict 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. The ex-dividend date was Friday, September 13th. This represents a $1.20 annualized dividend and a yield of 1.56%. Service Co. International's dividend payout ratio (DPR) is currently 34.48%.

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.