Nisa Investment Advisors LLC Sells 304 Shares of Service Co. International (NYSE:SCI)

Nisa Investment Advisors LLC lowered its position in Service Co. International (NYSE:SCI) by 2.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,425 shares of the company’s stock after selling 304 shares during the period. Nisa Investment Advisors LLC’s holdings in Service Co. International were worth $714,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SCI. American Century Companies Inc. raised its position in shares of Service Co. International by 10.2% in the 1st quarter. American Century Companies Inc. now owns 11,544 shares of the company’s stock worth $760,000 after acquiring an additional 1,068 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Service Co. International by 15.6% in the 1st quarter. HighTower Advisors LLC now owns 6,840 shares of the company’s stock worth $448,000 after acquiring an additional 922 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Service Co. International by 2.2% in the 1st quarter. Private Advisor Group LLC now owns 8,269 shares of the company’s stock worth $544,000 after acquiring an additional 181 shares in the last quarter. Bank of Montreal Can raised its position in shares of Service Co. International by 38.1% in the 1st quarter. Bank of Montreal Can now owns 32,245 shares of the company’s stock worth $2,135,000 after acquiring an additional 8,901 shares in the last quarter. Finally, APG Asset Management N.V. raised its position in shares of Service Co. International by 30.1% in the 1st quarter. APG Asset Management N.V. now owns 17,700 shares of the company’s stock worth $1,047,000 after acquiring an additional 4,100 shares in the last quarter. Institutional investors own 85.53% of the company’s stock.

Wall Street Analyst Weigh In

SCI has been the subject of several research reports. UBS Group increased their target price on Service Co. International from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Oppenheimer upped their price target on Service Co. International from $71.00 to $76.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Service Co. International presently has an average rating of “Moderate Buy” and a consensus target price of $75.00.

Insider Buying and Selling at Service Co. International

In other Service Co. International news, CEO Thomas L. Ryan sold 16,580 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $72.20, for a total transaction of $1,197,076.00. Following the sale, the chief executive officer now directly owns 988,365 shares in the company, valued at approximately $71,359,953. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Thomas L. Ryan sold 16,580 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $72.20, for a total value of $1,197,076.00. Following the transaction, the chief executive officer now directly owns 988,365 shares in the company, valued at approximately $71,359,953. The transaction was disclosed in a document filed with the SEC, which is accessible 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 stock was sold at an average price of $73.53, for a total value of $5,514,750.00. Following the completion of the transaction, the chief executive officer now owns 988,365 shares in the company, valued at $72,674,478.45. The disclosure for this sale can be found here. In the last three months, insiders have sold 202,675 shares of company stock worth $15,066,906. Insiders own 4.60% of the company’s stock.

Service Co. International Stock Performance

Service Co. International stock opened at $69.27 on Wednesday. The stock’s 50 day moving average is $72.06 and its 200 day moving average is $65.87. The company has a quick ratio of 0.62, a current ratio of 0.67 and a debt-to-equity ratio of 3.02. Service Co. International has a twelve month low of $52.89 and a twelve month high of $75.97. The company has a market capitalization of $10.15 billion, a P/E ratio of 19.68, a PEG ratio of 1.91 and a beta of 0.81.

Service Co. International (NYSE:SCI) last issued its earnings results on Tuesday, February 13th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.91 by $0.02. Service Co. International had a return on equity of 32.88% and a net margin of 13.11%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the business posted $0.92 EPS. The company’s revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts predict that Service Co. International will post 3.62 earnings per share for the current fiscal year.

Service Co. International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.73%. This is an increase from Service Co. International’s previous quarterly dividend of $0.29. The ex-dividend date was Thursday, March 14th. Service Co. International’s dividend payout ratio (DPR) is currently 32.95%.

Service Co. International 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.