Commerce Bank raised its holdings in shares of Service Co. International (NYSE:SCI – Free Report) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,775 shares of the company’s stock after purchasing an additional 262 shares during the period. Commerce Bank’s holdings in Service Co. International were worth $601,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in the business. Handelsbanken Fonder AB lifted its position in Service Co. International by 0.5% during the 4th quarter. Handelsbanken Fonder AB now owns 1,920,710 shares of the company’s stock valued at $131,473,000 after purchasing an additional 10,000 shares during the period. Northern Trust Corp lifted its position in Service Co. International by 2.4% during the 3rd quarter. Northern Trust Corp now owns 1,447,701 shares of the company’s stock valued at $82,722,000 after purchasing an additional 34,596 shares during the period. Norges Bank acquired a new position in Service Co. International during the 4th quarter valued at about $92,331,000. Nordea Investment Management AB lifted its position in Service Co. International by 15.1% during the 3rd quarter. Nordea Investment Management AB now owns 944,657 shares of the company’s stock valued at $54,374,000 after purchasing an additional 123,837 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Service Co. International by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 908,456 shares of the company’s stock valued at $62,184,000 after acquiring an additional 9,381 shares during the period. 85.53% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Service Co. International
In other news, CEO Thomas L. Ryan sold 75,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $73.53, for a total transaction of $5,514,750.00. Following the completion of the transaction, the chief executive officer now directly owns 988,365 shares of the company’s stock, valued at approximately $72,674,478.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Victor L. Lund sold 1,011 shares of the firm’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $70.00, for a total value of $70,770.00. Following the completion of the transaction, the director now directly owns 7,606 shares of the company’s stock, valued at $532,420. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Thomas L. Ryan sold 75,000 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $73.53, for a total transaction of $5,514,750.00. Following the completion of the transaction, the chief executive officer now directly owns 988,365 shares of the company’s stock, valued at $72,674,478.45. The disclosure for this sale can be found here. Insiders sold 194,712 shares of company stock valued at $14,473,020 in the last ninety days. 5.10% of the stock is currently owned by corporate insiders.
Service Co. International Stock Performance
Shares of SCI stock opened at $70.89 on Friday. The company has a debt-to-equity ratio of 2.90, a quick ratio of 0.57 and a current ratio of 0.62. The company has a market capitalization of $10.32 billion, a P/E ratio of 20.37, a price-to-earnings-growth ratio of 1.87 and a beta of 0.81. The company’s 50 day moving average price is $70.93 and its two-hundred day moving average price is $69.05. Service Co. International has a 52 week low of $52.89 and a 52 week high of $75.97.
Service Co. International (NYSE:SCI – Get Free Report) last announced its earnings results on Wednesday, May 1st. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.85 by $0.04. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.02 billion. Service Co. International had a net margin of 12.73% and a return on equity of 32.23%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the company posted $0.93 EPS. On average, analysts expect that Service Co. International will post 3.66 earnings per share for the current fiscal year.
Service Co. International Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.69%. Service Co. International’s dividend payout ratio is currently 33.33%.
Wall Street Analysts Forecast Growth
SCI has been the topic of a number of analyst reports. Oppenheimer increased their price target on shares of Service Co. International from $76.00 to $79.00 and gave the company an “outperform” rating in a research report on Wednesday, May 22nd. UBS Group increased their price target on shares of Service Co. International from $83.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, May 17th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $76.80.
Read Our Latest Stock Analysis on Service Co. International
Service Co. International Company Profile
Service Corporation International provides deathcare products and services in the United States and Canada. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses. The company also provides professional services related to funerals and cremations, including the use of funeral home facilities and motor vehicles; arranging and directing services; and removal, preparation, embalming, cremation, memorialization, and travel protection, as well as catering services.
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