Segall Bryant & Hamill LLC Sells 5,729 Shares of Service Co. International (NYSE:SCI)

Segall Bryant & Hamill LLC lessened its position in shares of Service Co. International (NYSE:SCI - Free Report) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 101,229 shares of the company's stock after selling 5,729 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.07% of Service Co. International worth $8,080,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. M&T Bank Corp boosted its holdings in Service Co. International by 1.1% during the third quarter. M&T Bank Corp now owns 11,248 shares of the company's stock valued at $888,000 after purchasing an additional 123 shares in the last quarter. Cornerstone Investment Partners LLC lifted its position in shares of Service Co. International by 3.8% during the 4th quarter. Cornerstone Investment Partners LLC now owns 3,587 shares of the company's stock worth $286,000 after buying an additional 131 shares during the period. CIBC Asset Management Inc boosted its stake in Service Co. International by 2.7% in the 4th quarter. CIBC Asset Management Inc now owns 5,167 shares of the company's stock valued at $412,000 after buying an additional 138 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in Service Co. International by 5.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,438 shares of the company's stock valued at $354,000 after acquiring an additional 212 shares during the period. Finally, Stanley Laman Group Ltd. increased its position in shares of Service Co. International by 0.5% during the 4th quarter. Stanley Laman Group Ltd. now owns 40,098 shares of the company's stock worth $3,201,000 after purchasing an additional 214 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In other news, CEO Thomas L. Ryan sold 50,000 shares of the business's stock in a transaction 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 sale, the chief executive officer now owns 982,333 shares of the company's stock, valued at $83,066,078.48. The trade was a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Tony Coelho sold 6,500 shares of the stock in a transaction 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 of the company's stock, valued at $3,712,674.96. The trade was a 12.19 % decrease in their position. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by company insiders.

Service Co. International Price Performance

Shares of SCI traded up $0.46 during mid-day trading on Monday, hitting $80.25. 1,662,796 shares of the company traded hands, compared to its average volume of 987,119. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.83. The business has a 50-day moving average of $78.97 and a 200 day moving average of $80.22. Service Co. International has a one year low of $67.19 and a one year high of $89.37. The stock has a market capitalization of $11.57 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 1.90 and a beta of 0.90.

Service Co. International (NYSE:SCI - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. Service Co. International had a return on equity of 32.18% and a net margin of 12.39%. As a group, equities analysts expect that Service Co. International will post 3.84 earnings per share for the current fiscal year.

Service Co. International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Service Co. International's previous quarterly dividend of $0.31. Service Co. International's dividend payout ratio is presently 36.06%.

Wall Street Analyst Weigh In

SCI has been the topic of several recent analyst reports. Oppenheimer boosted their target price on Service Co. International from $86.00 to $92.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. StockNews.com downgraded Service Co. International from a "hold" rating to a "sell" rating in a research report on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $88.50.

About Service Co. International

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.