GAMMA Investing LLC Has $16.33 Million Stock Position in Service Co. International (NYSE:SCI)

GAMMA Investing LLC lifted its holdings in Service Co. International (NYSE:SCI) by 9,550.6% during the 1st quarter, Holdings Channel reports. The fund owned 203,628 shares of the company’s stock after acquiring an additional 201,518 shares during the quarter. GAMMA Investing LLC’s holdings in Service Co. International were worth $16,331,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of SCI. Brighton Jones LLC acquired a new position in shares of Service Co. International in the 4th quarter worth approximately $435,000. Blue Trust Inc. boosted its holdings in shares of Service Co. International by 20.1% in the 4th quarter. Blue Trust Inc. now owns 1,397 shares of the company’s stock worth $110,000 after acquiring an additional 234 shares in the last quarter. DAVENPORT & Co LLC boosted its holdings in shares of Service Co. International by 8.3% in the 4th quarter. DAVENPORT & Co LLC now owns 5,319 shares of the company’s stock worth $425,000 after acquiring an additional 408 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Service Co. International by 35.0% in the 4th quarter. Empowered Funds LLC now owns 37,406 shares of the company’s stock worth $2,986,000 after acquiring an additional 9,696 shares in the last quarter. Finally, Savant Capital LLC acquired a new position in shares of Service Co. International in the 4th quarter worth approximately $216,000. 85.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SCI has been the topic of several recent analyst reports. Wall Street Zen raised Service Co. International from a “sell” rating to a “hold” rating in a report on Thursday, April 3rd. UBS Group reduced their target price on Service Co. International from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $89.25.

Insider Buying and Selling at Service Co. International

In other Service Co. International news, CEO Thomas L. Ryan sold 50,000 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $84.56, for a total transaction of $4,228,000.00. Following the completion of the sale, the chief executive officer now owns 982,333 shares in the company, valued at approximately $83,066,078.48. The trade was a 4.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Tony Coelho sold 5,400 shares of the company’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $75.94, for a total transaction of $410,076.00. Following the sale, the director now owns 43,938 shares of the company’s stock, valued at $3,336,651.72. The trade was a 10.94% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.40% of the company’s stock.

Service Co. International Stock Up 0.2%

NYSE:SCI opened at $78.18 on Friday. The stock’s fifty day moving average price is $77.39 and its two-hundred day moving average price is $79.58. Service Co. International has a 52-week low of $68.84 and a 52-week 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 market cap of $11.13 billion, a price-to-earnings ratio of 22.02, a P/E/G ratio of 1.90 and a beta of 0.96.

Service Co. International (NYSE:SCI) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.05. Service Co. International had a return on equity of 32.18% and a net margin of 12.39%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the business earned $0.89 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, analysts anticipate that Service Co. International will post 3.84 EPS for the current year.

Service Co. International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Friday, June 13th. Service Co. International’s payout ratio is 35.16%.

Service Co. International Company 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.