PNC Financial Services Group Inc. decreased its stake in shares of Service Co. International (NYSE:SCI - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 338,054 shares of the company's stock after selling 3,871 shares during the period. PNC Financial Services Group Inc. owned approximately 0.23% of Service Co. International worth $26,983,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in SCI. SBI Securities Co. Ltd. acquired a new position in shares of Service Co. International in the fourth quarter worth about $25,000. Vision Financial Markets LLC bought a new position in Service Co. International during the fourth quarter valued at approximately $52,000. Whipplewood Advisors LLC bought a new position in Service Co. International during the fourth quarter valued at approximately $60,000. Farther Finance Advisors LLC raised its position in Service Co. International by 36.8% during the third quarter. Farther Finance Advisors LLC now owns 926 shares of the company's stock valued at $73,000 after acquiring an additional 249 shares in the last quarter. Finally, Quest Partners LLC raised its position in shares of Service Co. International by 110,300.0% in the third quarter. Quest Partners LLC now owns 1,104 shares of the company's stock valued at $87,000 after purchasing an additional 1,103 shares during the period. Institutional investors own 85.53% of the company's stock.
Insider Activity at Service Co. International
In related news, Director Tony Coelho sold 6,500 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 46,824 shares in the company, valued at approximately $3,712,674.96. The trade was a 12.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.10% of the stock is owned by insiders.
Service Co. International Price Performance
Shares of NYSE:SCI traded down $4.05 on Tuesday, hitting $80.11. The stock had a trading volume of 1,679,066 shares, compared to its average volume of 1,268,010. Service Co. International has a twelve month low of $67.19 and a twelve month high of $89.37. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.48 and a current ratio of 0.52. The firm's 50 day moving average price is $78.51 and its 200-day moving average price is $80.14. The company has a market capitalization of $11.55 billion, a price-to-earnings ratio of 22.57, a price-to-earnings-growth ratio of 1.90 and a beta of 0.90.
Service Co. International (NYSE:SCI - Get Free Report) last released 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%. On average, equities research analysts predict that Service Co. International will post 3.84 earnings per share for the current year.
Service Co. International Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.32 dividend. The ex-dividend date is Friday, March 14th. This is a positive change from Service Co. International's previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 1.60%. Service Co. International's payout ratio is currently 36.06%.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on SCI. Oppenheimer lifted their price target on shares of 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 shares of Service Co. International from a "hold" rating to a "sell" rating in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $88.50.
View Our Latest Report on SCI
Service Co. International Company Profile
(
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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