Candriam Luxembourg S.C.A. decreased its position in Service Co. International (NYSE:SCI) by 91.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 23,798 shares of the company’s stock after selling 261,015 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Service Co. International were worth $956,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Gateway Investment Advisers LLC bought a new stake in shares of Service Co. International in the 4th quarter worth about $3,307,000. Handelsbanken Fonder AB grew its holdings in shares of Service Co. International by 24.1% in the 4th quarter. Handelsbanken Fonder AB now owns 3,448,328 shares of the company’s stock worth $138,830,000 after purchasing an additional 668,592 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Service Co. International by 11.4% in the 4th quarter. Bank of America Corp DE now owns 1,538,860 shares of the company’s stock worth $61,955,000 after purchasing an additional 157,715 shares during the last quarter. Mackay Shields LLC bought a new stake in shares of Service Co. International in the 4th quarter worth about $1,194,000. Finally, Advisors Preferred LLC bought a new stake in shares of Service Co. International in the 4th quarter worth about $1,433,000. 87.62% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have commented on SCI. Raymond James lowered shares of Service Co. International from a “strong-buy” rating to an “outperform” rating in a report on Wednesday, February 20th. Zacks Investment Research raised shares of Service Co. International from a “sell” rating to a “hold” rating in a report on Wednesday, February 27th. Finally, ValuEngine lowered shares of Service Co. International from a “buy” rating to a “hold” rating in a report on Monday, March 11th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $46.75.
Shares of NYSE:SCI opened at $42.21 on Thursday. Service Co. International has a 12 month low of $35.19 and a 12 month high of $47.09. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.44 and a current ratio of 0.48. The stock has a market cap of $7.68 billion, a price-to-earnings ratio of 23.58, a P/E/G ratio of 1.93 and a beta of 1.05.
Service Co. International (NYSE:SCI) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. Service Co. International had a net margin of 13.92% and a return on equity of 21.13%. The firm had revenue of $798.20 million for the quarter, compared to analyst estimates of $791.85 million. During the same quarter in the prior year, the firm earned $0.47 EPS. The company’s revenue was up .5% on a year-over-year basis. Analysts expect that Service Co. International will post 1.95 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Thursday, June 13th. Service Co. International’s dividend payout ratio is currently 40.22%.
In other Service Co. International news, Director Tony Coelho sold 6,325 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $39.65, for a total transaction of $250,786.25. Following the sale, the director now owns 61,750 shares of the company’s stock, valued at approximately $2,448,387.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Sumner J. Waring III sold 95,100 shares of the stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $42.65, for a total transaction of $4,056,015.00. Following the sale, the vice president now directly owns 428,631 shares in the company, valued at approximately $18,281,112.15. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,322,555 shares of company stock worth $55,091,685. Insiders own 5.50% of the company’s stock.
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Service Co. International Company Profile
Service Corporation International provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses.
Further Reading: Asset Allocation and Your Retirement
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