Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Service Co. International (NYSE:SCI - Free Report) by 10.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 35,357 shares of the company's stock after buying an additional 3,358 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Service Co. International were worth $2,822,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the stock. Fairfield Financial Advisors LTD purchased a new stake in Service Co. International in the 4th quarter valued at $191,000. Ashton Thomas Private Wealth LLC acquired a new position in Service Co. International during the 4th quarter worth about $237,000. Callan Family Office LLC increased its stake in Service Co. International by 482.0% during the 4th quarter. Callan Family Office LLC now owns 15,482 shares of the company's stock worth $1,236,000 after buying an additional 12,822 shares during the period. Raymond James Financial Inc. acquired a new stake in Service Co. International in the 4th quarter valued at about $12,975,000. Finally, Vision Financial Markets LLC acquired a new position in Service Co. International in the 4th quarter valued at about $52,000. 85.53% of the stock is owned by institutional investors and hedge funds.
Service Co. International Trading Up 0.2 %
Shares of SCI traded up $0.18 during trading hours on Wednesday, hitting $79.25. The stock had a trading volume of 570,157 shares, compared to its average volume of 1,222,840. Service Co. International has a 12-month low of $67.19 and a 12-month high of $89.37. The firm has a market cap of $11.43 billion, a P/E ratio of 22.32, a P/E/G ratio of 1.90 and a beta of 0.90. 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 company's fifty day simple moving average is $78.59 and its 200 day simple moving average is $80.18.
Service Co. International (NYSE:SCI - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.06 earnings per share (EPS) for the quarter, hitting 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 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 $0.32 dividend. This is an increase 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 is presently 36.06%.
Insider Activity at Service Co. International
In related news, CEO Thomas L. Ryan sold 50,000 shares of Service Co. International stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $84.56, for a total value of $4,228,000.00. Following the completion of the transaction, the chief executive officer now directly owns 982,333 shares in the company, valued at approximately $83,066,078.48. This trade represents a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tony Coelho sold 6,500 shares of the 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 transaction, 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 position. The disclosure for this sale can be found here. Company insiders own 4.60% of the company's stock.
Analyst Ratings Changes
SCI has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of Service Co. International from a "sell" rating to a "hold" rating in a research note on Tuesday. Oppenheimer raised their target price on shares of Service Co. International from $86.00 to $92.00 and gave the company an "outperform" rating in a report on Friday, December 13th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $88.50.
Get Our Latest Analysis 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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