Versor Investments LP purchased a new position in Service Co. International (NYSE:SCI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,347 shares of the company's stock, valued at approximately $267,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Whipplewood Advisors LLC purchased a new position in Service Co. International in the fourth quarter worth about $60,000. Farther Finance Advisors LLC grew 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 period. Capital Performance Advisors LLP purchased a new stake in shares of Service Co. International in the 3rd quarter worth $80,000. Quest Partners LLC raised its holdings in Service Co. International by 110,300.0% in the 3rd quarter. Quest Partners LLC now owns 1,104 shares of the company's stock worth $87,000 after purchasing an additional 1,103 shares during the period. Finally, Blue Trust Inc. raised its holdings in Service Co. International by 20.1% in the 4th quarter. Blue Trust Inc. now owns 1,397 shares of the company's stock worth $110,000 after purchasing an additional 234 shares during the period. Institutional investors own 85.53% of the company's stock.
Insider Activity
In other Service Co. International news, Director Tony Coelho sold 6,500 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $79.29, for a total transaction of $515,385.00. Following the completion of the sale, the director now directly owns 46,824 shares of the company's stock, valued at approximately $3,712,674.96. This represents a 12.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 5.10% of the company's stock.
Service Co. International Trading Up 1.3 %
Shares of Service Co. International stock traded up $1.06 during trading on Friday, hitting $80.94. The stock had a trading volume of 1,132,155 shares, compared to its average volume of 1,228,196. The stock has a market cap of $11.67 billion, a PE ratio of 22.80, a PEG ratio of 1.90 and a beta of 0.90. Service Co. International has a 12 month low of $67.19 and a 12 month high of $89.37. The firm's fifty day simple moving average is $78.42 and its 200-day simple moving average is $79.98. The company has a debt-to-equity ratio of 2.83, a current ratio of 0.52 and a quick ratio of 0.48.
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, hitting 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, sell-side analysts expect that Service Co. International will post 3.84 EPS for the current fiscal year.
Service Co. International Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.32 per share. 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 dividend on an annualized basis and a dividend yield of 1.58%. Service Co. International's dividend payout ratio (DPR) is 36.06%.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the company. StockNews.com downgraded Service Co. International from a "hold" rating to a "sell" rating in a research note on Wednesday, February 26th. Oppenheimer upped their target price on shares of Service Co. International from $86.00 to $92.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $88.50.
View Our Latest Stock Report on SCI
About Service Co. International
(
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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