Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Service Co. International (NYSE:SCI) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 606,130 shares of the company’s stock, valued at approximately $26,791,000. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.33% of Service Co. International at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Fort L.P. acquired a new position in shares of Service Co. International during the 2nd quarter valued at $120,000. TRUE Private Wealth Advisors acquired a new position in shares of Service Co. International during the 3rd quarter valued at $125,000. Steward Partners Investment Advisory LLC lifted its holdings in Service Co. International by 707.3% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 3,423 shares of the company’s stock worth $151,000 after buying an additional 2,999 shares in the last quarter. Townsend & Associates Inc acquired a new position in Service Co. International in the 3rd quarter worth $164,000. Finally, Thomas Story & Son LLC acquired a new position in Service Co. International in the 3rd quarter worth $221,000. Institutional investors and hedge funds own 89.73% of the company’s stock.
A number of equities analysts have commented on SCI shares. ValuEngine upgraded shares of Service Co. International from a “hold” rating to a “buy” rating in a report on Monday, September 17th. Oppenheimer boosted their price objective on shares of Service Co. International from $42.00 to $47.00 and gave the stock an “outperform” rating in a report on Friday, October 26th. Zacks Investment Research upgraded shares of Service Co. International from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Thursday, August 2nd. Credit Suisse Group boosted their price objective on shares of Service Co. International from $46.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, September 17th. Finally, Raymond James boosted their price objective on shares of Service Co. International from $45.00 to $47.00 and gave the stock a “strong-buy” rating in a report on Wednesday, October 31st. One analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $46.17.
In other news, VP Gregory T. Sangalis sold 23,617 shares of the business’s stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $44.91, for a total value of $1,060,639.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Gregory T. Sangalis sold 16,383 shares of the business’s stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $45.00, for a total transaction of $737,235.00. Following the completion of the sale, the vice president now directly owns 121,600 shares of the company’s stock, valued at approximately $5,472,000. The disclosure for this sale can be found here. Insiders sold a total of 305,100 shares of company stock valued at $13,586,115 in the last three months. Insiders own 6.20% of the company’s stock.
Shares of SCI stock opened at $45.88 on Friday. Service Co. International has a 12 month low of $35.19 and a 12 month high of $46.23. The company has a current ratio of 0.54, a quick ratio of 0.49 and a debt-to-equity ratio of 2.38. The firm has a market capitalization of $8.24 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 2.01 and a beta of 1.03.
Service Co. International (NYSE:SCI) last issued its quarterly earnings data on Monday, October 29th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). The firm had revenue of $778.80 million during the quarter, compared to analyst estimates of $762.60 million. Service Co. International had a return on equity of 22.47% and a net margin of 15.76%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.33 EPS. Sell-side analysts forecast that Service Co. International will post 1.82 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Thursday, December 13th. Service Co. International’s payout ratio is currently 43.87%.
About Service Co. International
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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