Duncker Streett & Co. Inc. purchased a new stake in Service Co. International (NYSE:SCI) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 22,650 shares of the company’s stock, valued at approximately $909,000.
Several other large investors have also recently made changes to their positions in SCI. Lavaca Capital LLC acquired a new position in Service Co. International in the fourth quarter worth approximately $28,000. Global Retirement Partners LLC grew its position in Service Co. International by 80.5% in the fourth quarter. Global Retirement Partners LLC now owns 789 shares of the company’s stock worth $32,000 after buying an additional 352 shares during the last quarter. Parkside Financial Bank & Trust acquired a new position in Service Co. International in the fourth quarter worth approximately $35,000. Lloyds Banking Group plc acquired a new position in Service Co. International in the fourth quarter worth approximately $47,000. Finally, Quadrant Capital Group LLC grew its position in Service Co. International by 414.9% in the first quarter. Quadrant Capital Group LLC now owns 1,385 shares of the company’s stock worth $52,000 after buying an additional 1,116 shares during the last quarter. Institutional investors own 87.62% of the company’s stock.
A number of research firms recently commented on SCI. Zacks Investment Research raised shares of Service Co. International from a “sell” rating to a “hold” rating in a research note on Tuesday, March 26th. ValuEngine raised shares of Service Co. International from a “hold” rating to a “buy” rating in a research note on Friday, May 10th. Finally, Raymond James lowered shares of Service Co. International from a “strong-buy” rating to an “outperform” rating in a research note on Wednesday, February 20th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Service Co. International has an average rating of “Buy” and an average target price of $46.75.
In related news, VP Sumner J. Waring III sold 95,100 shares of Service Co. International stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $42.65, for a total value of $4,056,015.00. Following the completion of the sale, the vice president now owns 428,631 shares of the company’s stock, valued at approximately $18,281,112.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Tony Coelho sold 6,325 shares of Service Co. International stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $39.65, for a total transaction of $250,786.25. Following the completion of the sale, the director now directly owns 61,750 shares of the company’s stock, valued at approximately $2,448,387.50. The disclosure for this sale can be found here. Insiders have sold a total of 1,322,555 shares of company stock valued at $55,091,685 in the last three months. Company insiders own 5.50% of the company’s stock.
Shares of NYSE:SCI traded up $0.14 during trading on Wednesday, reaching $43.16. 620,661 shares of the company traded hands, compared to its average volume of 1,141,867. The firm has a market capitalization of $7.84 billion, a P/E ratio of 24.11, a price-to-earnings-growth ratio of 1.96 and a beta of 1.05. Service Co. International has a 1-year low of $35.19 and a 1-year high of $47.09. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 2.00.
Service Co. International (NYSE:SCI) last issued its earnings results on Wednesday, April 24th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.06. The company had revenue of $798.20 million during the quarter, compared to analyst estimates of $791.85 million. Service Co. International had a net margin of 13.92% and a return on equity of 21.13%. The company’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the business posted $0.47 EPS. Equities research analysts expect that Service Co. International will post 1.95 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Thursday, June 13th. Service Co. International’s dividend payout ratio (DPR) is currently 40.22%.
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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.
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