Premier Fund Managers Ltd Has $90.52 Million Holdings in Service Co. International (NYSE:SCI)

Premier Fund Managers Ltd grew its position in Service Co. International (NYSE:SCI - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,133,845 shares of the company's stock after acquiring an additional 40,122 shares during the period. Service Co. International comprises 3.2% of Premier Fund Managers Ltd's portfolio, making the stock its 3rd largest holding. Premier Fund Managers Ltd owned 0.78% of Service Co. International worth $90,521,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC lifted its holdings in Service Co. International by 300.6% in the third quarter. FMR LLC now owns 4,055,823 shares of the company's stock valued at $320,126,000 after acquiring an additional 3,043,354 shares during the period. Geode Capital Management LLC boosted its holdings in Service Co. International by 5.1% during the third quarter. Geode Capital Management LLC now owns 3,211,902 shares of the company's stock worth $253,567,000 after buying an additional 156,086 shares in the last quarter. Swedbank AB lifted its position in shares of Service Co. International by 1.7% during the 4th quarter. Swedbank AB now owns 2,950,020 shares of the company's stock valued at $235,471,000 after acquiring an additional 50,000 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Service Co. International by 8.9% during the 4th quarter. Bank of New York Mellon Corp now owns 1,459,377 shares of the company's stock worth $116,487,000 after acquiring an additional 118,832 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Service Co. International during the 4th quarter worth approximately $96,498,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Oppenheimer raised their price target on Service Co. International from $86.00 to $92.00 and gave the company an "outperform" rating in a research 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 analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $88.50.

Service Co. International Trading Up 0.6 %

Shares of Service Co. International stock traded up $0.46 during mid-day trading on Monday, hitting $80.25. 920,664 shares of the stock were exchanged, compared to its average volume of 985,723. The company has a 50-day simple moving average of $78.91 and a 200 day simple moving average of $80.22. 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 stock has a market capitalization of $11.57 billion, a price-to-earnings ratio of 22.61, a price-to-earnings-growth ratio of 1.90 and a beta of 0.90. Service Co. International has a twelve month low of $67.19 and a twelve month high of $89.37.

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, hitting the consensus estimate of $1.06. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. Research analysts forecast that Service Co. International will post 3.84 EPS for the current year.

Service Co. International Increases Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 1.60%. This is a positive change from Service Co. International's previous quarterly dividend of $0.31. The ex-dividend date is Friday, March 14th. Service Co. International's dividend payout ratio (DPR) is presently 36.06%.

Insider Buying and Selling at Service Co. International

In other Service Co. International news, CEO Thomas L. Ryan sold 50,000 shares of Service Co. International 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 transaction, the chief executive officer now owns 982,333 shares in the company, valued at $83,066,078.48. This trade represents a 4.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Tony Coelho sold 6,500 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $79.29, for a total value of $515,385.00. Following the sale, the director now owns 46,824 shares of the company's stock, valued at approximately $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 owned by company 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.