Global Trust Asset Management LLC Purchases New Position in Service Co. International (NYSE:SCI)

Global Trust Asset Management LLC purchased a new stake in Service Co. International (NYSE:SCI) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,605 shares of the company’s stock, valued at approximately $289,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in Service Co. International by 3.1% in the 1st quarter. Brighton Jones LLC now owns 5,615 shares of the company’s stock worth $450,000 after buying an additional 167 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in Service Co. International in the 1st quarter worth about $795,000. Ritholtz Wealth Management boosted its holdings in Service Co. International by 7.4% in the 1st quarter. Ritholtz Wealth Management now owns 9,966 shares of the company’s stock worth $799,000 after buying an additional 689 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Service Co. International by 18.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,349 shares of the company’s stock worth $990,000 after buying an additional 1,966 shares during the last quarter. Finally, Tobam boosted its holdings in Service Co. International by 502.3% in the 1st quarter. Tobam now owns 3,939 shares of the company’s stock worth $316,000 after buying an additional 3,285 shares during the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Insider Buying and Selling at Service Co. International

In other news, Director Tony Coelho sold 5,400 shares of the firm’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $75.94, for a total value of $410,076.00. Following the transaction, the director now owns 43,938 shares of the company’s stock, valued at approximately $3,336,651.72. This trade represents a 10.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 4.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SCI. UBS Group lowered 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. Wall Street Zen upgraded Service Co. International from a “sell” rating to a “hold” rating in a report on Thursday, April 3rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.25.

Service Co. International Stock Performance

NYSE SCI opened at $78.27 on Tuesday. Service Co. International has a 1 year low of $68.84 and a 1 year high of $89.37. The company has a market capitalization of $11.14 billion, a PE ratio of 22.05, a P/E/G ratio of 1.90 and a beta of 0.92. The company has a fifty day moving average of $77.63 and a two-hundred day moving average of $79.07. The company has a debt-to-equity ratio of 2.83, a current ratio of 0.52 and a quick ratio of 0.48.

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

Service Co. International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.64%. Service Co. International’s dividend payout ratio (DPR) is presently 35.16%.

About Service Co. International

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.