Bank of New York Mellon Corp raised its stake in Service Co. International (NYSE:SCI - Free Report) by 8.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,459,377 shares of the company's stock after buying an additional 118,832 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.01% of Service Co. International worth $116,487,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of SCI. Farther Finance Advisors LLC boosted its position in shares of Service Co. International by 36.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 926 shares of the company's stock valued at $73,000 after acquiring an additional 249 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Service Co. International in the 3rd quarter valued at about $80,000. Quest Partners LLC grew its stake in shares of Service Co. International by 110,300.0% in 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 during the period. Blue Trust Inc. increased its holdings in shares of Service Co. International by 20.1% during the 4th quarter. Blue Trust Inc. now owns 1,397 shares of the company's stock worth $110,000 after buying an additional 234 shares during the last quarter. Finally, Principal Securities Inc. raised its position in shares of Service Co. International by 13.9% during the 4th quarter. Principal Securities Inc. now owns 1,936 shares of the company's stock valued at $155,000 after buying an additional 236 shares during the period. 85.53% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts recently weighed in on SCI shares. StockNews.com lowered Service Co. International from a "hold" rating to a "sell" rating in a research report on Wednesday, February 26th. Oppenheimer increased 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. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Service Co. International has an average rating of "Moderate Buy" and a consensus target price of $88.50.
Read Our Latest Report on Service Co. International
Service Co. International Price Performance
NYSE SCI remained flat at $79.17 on Wednesday. The company's stock had a trading volume of 1,264,318 shares, compared to its average volume of 1,238,081. 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's 50-day moving average price is $78.47 and its two-hundred day moving average price is $79.98. Service Co. International has a 52 week low of $67.19 and a 52 week high of $89.37. The company has a market capitalization of $11.42 billion, a price-to-earnings ratio of 22.30, a price-to-earnings-growth ratio of 1.90 and a beta of 0.90.
Service Co. International (NYSE:SCI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $1.06 earnings per share (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%. Sell-side analysts forecast that Service Co. International will post 3.84 earnings per share for the current fiscal year.
Service Co. International Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.32 dividend. This is a positive change from Service Co. International's previous quarterly dividend of $0.31. The ex-dividend date is Friday, March 14th. This represents a $1.28 annualized dividend and a dividend yield of 1.62%. Service Co. International's dividend payout ratio (DPR) 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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