Y Intercept Hong Kong Ltd Takes Position in Service Co. International (NYSE:SCI)

Y Intercept Hong Kong Ltd acquired a new position in Service Co. International (NYSE:SCI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,972 shares of the company's stock, valued at approximately $956,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Swedbank AB lifted its position in Service Co. International by 1.9% during the 3rd quarter. Swedbank AB now owns 2,900,020 shares of the company's stock worth $228,899,000 after buying an additional 55,000 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Service Co. International by 7,802.1% in the third quarter. International Assets Investment Management LLC now owns 7,586 shares of the company's stock worth $599,000 after acquiring an additional 7,490 shares during the last quarter. Allworth Financial LP lifted its position in shares of Service Co. International by 29.1% during the third quarter. Allworth Financial LP now owns 1,327 shares of the company's stock worth $105,000 after purchasing an additional 299 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Service Co. International by 5.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 8,824 shares of the company's stock worth $696,000 after purchasing an additional 419 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its stake in shares of Service Co. International by 2.0% during the third quarter. State of Alaska Department of Revenue now owns 45,127 shares of the company's stock valued at $3,561,000 after purchasing an additional 885 shares during the last quarter. Institutional investors and hedge funds own 85.53% of the company's stock.

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Service Co. International Trading Down 1.3 %

NYSE SCI traded down $1.04 during trading hours on Monday, hitting $79.96. The company's stock had a trading volume of 912,928 shares, compared to its average volume of 1,210,874. Service Co. International has a twelve month low of $67.19 and a twelve month high of $89.37. The firm has a market capitalization of $11.53 billion, a P/E ratio of 22.52, a PEG ratio of 1.90 and a beta of 0.87. 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 stock has a fifty day moving average of $78.52 and a 200 day moving average of $79.93.

Service Co. International (NYSE:SCI - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. Equities research analysts forecast that Service Co. International will post 3.84 earnings per share 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. Shareholders of record on Friday, March 14th will be issued a dividend of $0.32 per share. 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%. This is a boost from Service Co. International's previous quarterly dividend of $0.31. Service Co. International's dividend payout ratio (DPR) is 36.06%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SCI. Oppenheimer boosted their price objective 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. StockNews.com downgraded Service Co. International from a "hold" rating to a "sell" rating in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $88.50.

About Service Co. International

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.