Service Co. International (NYSE:SCI) Shares Sold by Summit Investment Advisors Inc.

Summit Investment Advisors Inc. decreased its position in Service Co. International (NYSE:SCI) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,969 shares of the company’s stock after selling 905 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Service Co. International were worth $2,312,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in SCI. SBI Securities Co. Ltd. purchased a new stake in shares of Service Co. International during the 4th quarter worth $25,000. Mizuho Bank Ltd. acquired a new position in shares of Service Co. International during the 4th quarter worth about $40,000. Resona Asset Management Co. Ltd. purchased a new position in shares of Service Co. International in the 4th quarter valued at about $40,000. Vision Financial Markets LLC acquired a new stake in shares of Service Co. International during the 4th quarter worth about $52,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Service Co. International during the 4th quarter worth about $60,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Service Co. International from a “sell” rating to a “hold” rating in a research note on Thursday, April 3rd. One equities 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.com, Service Co. International currently has an average rating of “Moderate Buy” and a consensus price target of $88.50.

Insider Activity at Service Co. International

In other news, CEO Thomas L. Ryan sold 50,000 shares of Service Co. International stock in a transaction on Monday, March 10th. The stock was sold at an average price of $84.56, for a total transaction of $4,228,000.00. Following the completion of the transaction, the chief executive officer now owns 982,333 shares of the company’s stock, valued at $83,066,078.48. The trade was a 4.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Tony Coelho sold 6,500 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $79.29, for a total transaction of $515,385.00. Following the completion of the sale, the director now owns 46,824 shares in the company, valued at $3,712,674.96. This represents a 12.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.10% of the company’s stock.

Service Co. International Stock Up 0.8 %

SCI stock opened at $78.73 on Tuesday. Service Co. International has a one year low of $67.19 and a one year high of $89.37. 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 has a fifty day moving average of $78.64 and a 200-day moving average of $80.02. The stock has a market capitalization of $11.34 billion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 1.90 and a beta of 0.81.

Service Co. International (NYSE:SCI) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.06. Service Co. International had a return on equity of 32.18% and a net margin of 12.39%. As a group, analysts expect that Service Co. International will post 3.84 EPS for the current year.

Service Co. International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Friday, March 14th. This is an increase from Service Co. International’s previous quarterly dividend of $0.31. Service Co. International’s dividend payout ratio (DPR) is currently 36.06%.

Service Co. International Profile

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.