Vanguard Group Inc. grew its stake in shares of Service Co. International (NYSE:SCI - Free Report) by 0.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,353,454 shares of the company's stock after buying an additional 11,432 shares during the quarter. Vanguard Group Inc. owned 9.92% of Service Co. International worth $1,145,693,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new stake in shares of Service Co. International during the fourth quarter valued at approximately $25,000. Vision Financial Markets LLC purchased a new stake in Service Co. International in the fourth quarter worth about $52,000. Whipplewood Advisors LLC purchased a new position in shares of Service Co. International in the 4th quarter valued at approximately $60,000. Quest Partners LLC boosted its holdings in shares of Service Co. International by 110,300.0% during the 3rd quarter. Quest Partners LLC now owns 1,104 shares of the company's stock valued at $87,000 after buying an additional 1,103 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in Service Co. International by 20.1% during the fourth quarter. Blue Trust Inc. now owns 1,397 shares of the company's stock worth $110,000 after acquiring an additional 234 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
SCI has been the subject of a number of research analyst reports. Oppenheimer lifted 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 shares of Service Co. International from a "hold" rating to a "sell" rating in a report on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $88.50.
Get Our Latest Stock Report on Service Co. International
Insider Transactions at Service Co. International
In related 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 transaction of $4,228,000.00. Following the transaction, the chief executive officer now owns 982,333 shares in the company, valued at approximately $83,066,078.48. The trade was a 4.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tony Coelho sold 6,500 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $79.29, for a total value of $515,385.00. Following the sale, the director now directly owns 46,824 shares in the company, valued at approximately $3,712,674.96. This represents a 12.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.10% of the company's stock.
Service Co. International Stock Performance
SCI stock traded up $0.18 during trading on Monday, reaching $79.97. The stock had a trading volume of 553,319 shares, compared to its average volume of 982,792. Service Co. International has a 52 week low of $67.19 and a 52 week high of $89.37. The firm has a market cap of $11.53 billion, a PE ratio of 22.49, a PEG ratio of 1.90 and a beta of 0.90. 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's 50 day moving average is $78.91 and its two-hundred day moving average is $80.22.
Service Co. International (NYSE:SCI - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $1.06 EPS for the quarter, meeting analysts' consensus estimates of $1.06. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. As a group, equities analysts anticipate that Service Co. International will post 3.84 earnings per share for the current year.
Service Co. International Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.32 dividend. This is a boost from Service Co. International's previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.28 dividend on an annualized basis and a yield of 1.60%. Service Co. International's dividend payout ratio is presently 36.06%.
Service Co. International Company Profile
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Free Report)
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.
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