Sei Investments Co. Purchases 3,359 Shares of Service Co. International (NYSE:SCI)

Sei Investments Co. lifted its position in shares of Service Co. International (NYSE:SCI - Free Report) by 2.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 122,767 shares of the company's stock after acquiring an additional 3,359 shares during the quarter. Sei Investments Co. owned approximately 0.08% of Service Co. International worth $9,800,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SCI. Fisher Asset Management LLC bought a new position in Service Co. International during the third quarter worth about $205,000. Bank of Montreal Can boosted its holdings in Service Co. International by 11.2% in the 3rd quarter. Bank of Montreal Can now owns 27,570 shares of the company's stock worth $2,161,000 after buying an additional 2,770 shares during the period. FMR LLC grew its stake in Service Co. International by 300.6% in the 3rd quarter. FMR LLC now owns 4,055,823 shares of the company's stock valued at $320,126,000 after buying an additional 3,043,354 shares in the last quarter. Edgestream Partners L.P. purchased a new position in Service Co. International in the 3rd quarter valued at approximately $2,208,000. Finally, EP Wealth Advisors LLC bought a new stake in Service Co. International during the 3rd quarter valued at $251,000. Hedge funds and other institutional investors own 85.53% of the company's stock.

Service Co. International Price Performance

Shares of SCI stock traded up $0.47 on Wednesday, reaching $81.35. The company's stock had a trading volume of 437,533 shares, compared to its average volume of 1,198,222. Service Co. International has a 12-month low of $67.19 and a 12-month high of $89.37. The stock's 50 day simple moving average is $79.04 and its 200-day simple moving average is $80.23. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.83. The company has a market capitalization of $11.73 billion, a P/E ratio of 22.92, a PEG ratio of 1.90 and a beta of 0.90.

Remove Ads

Service Co. International (NYSE:SCI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.06 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 predict 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. Stockholders of record on Friday, March 14th were given a dividend of $0.32 per share. The ex-dividend date was Friday, March 14th. This represents a $1.28 annualized dividend and a dividend yield of 1.57%. This is a boost from Service Co. International's previous quarterly dividend of $0.31. Service Co. International's dividend payout ratio (DPR) is 36.06%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SCI shares. Oppenheimer raised their price target 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 cut Service Co. International from a "hold" rating to a "sell" rating in a report on Wednesday, March 26th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $88.50.

Insider Transactions at Service Co. International

In related news, CEO Thomas L. Ryan sold 50,000 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $84.56, for a total value of $4,228,000.00. Following the completion of the sale, the chief executive officer now owns 982,333 shares in the company, valued at $83,066,078.48. The trade was a 4.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Tony Coelho sold 6,500 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were 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 $3,712,674.96. The trade was a 12.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by insiders.

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.