GAM Holding AG Reduces Position in Service Co. International (SCI)

GAM Holding AG lessened its stake in shares of Service Co. International (NYSE:SCI) by 41.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 26,806 shares of the company’s stock after selling 19,162 shares during the period. GAM Holding AG’s holdings in Service Co. International were worth $1,185,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB lifted its position in shares of Service Co. International by 5.0% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 25,348 shares of the company’s stock valued at $1,120,000 after acquiring an additional 1,200 shares during the period. HCR Wealth Advisors lifted its position in shares of Service Co. International by 3.3% during the 3rd quarter. HCR Wealth Advisors now owns 43,829 shares of the company’s stock valued at $1,919,000 after acquiring an additional 1,409 shares during the period. Baird Financial Group Inc. lifted its position in shares of Service Co. International by 20.0% during the 2nd quarter. Baird Financial Group Inc. now owns 8,680 shares of the company’s stock valued at $311,000 after acquiring an additional 1,449 shares during the period. BB&T Corp lifted its position in shares of Service Co. International by 4.4% during the 3rd quarter. BB&T Corp now owns 35,673 shares of the company’s stock valued at $1,578,000 after acquiring an additional 1,498 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of Service Co. International by 21.5% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 9,202 shares of the company’s stock valued at $407,000 after acquiring an additional 1,628 shares during the period. Institutional investors own 87.15% of the company’s stock.

In other news, VP Elisabeth G. Nash sold 53,600 shares of the company’s stock in a transaction on Friday, November 9th. The shares were sold at an average price of $44.47, for a total value of $2,383,592.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Steven A. Tidwell sold 9,300 shares of the company’s stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $45.90, for a total transaction of $426,870.00. Following the completion of the sale, the vice president now owns 55,897 shares of the company’s stock, valued at approximately $2,565,672.30. The disclosure for this sale can be found here. Insiders have sold a total of 314,400 shares of company stock valued at $14,012,985 in the last 90 days. 6.20% of the stock is currently owned by company insiders.

Shares of SCI stock opened at $44.62 on Friday. The firm has a market cap of $8.23 billion, a price-to-earnings ratio of 28.79, a price-to-earnings-growth ratio of 2.01 and a beta of 1.06. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.54 and a quick ratio of 0.49. Service Co. International has a 12 month low of $35.19 and a 12 month high of $47.09.

Service Co. International (NYSE:SCI) last announced its quarterly earnings results on Monday, October 29th. The company reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.01). The business had revenue of $778.80 million for the quarter, compared to the consensus estimate of $762.60 million. Service Co. International had a net margin of 15.76% and a return on equity of 22.47%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.33 EPS. Analysts forecast that Service Co. International will post 1.82 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.68 dividend on an annualized basis and a yield of 1.52%. Service Co. International’s dividend payout ratio (DPR) is presently 43.87%.

A number of analysts have commented on the stock. Zacks Investment Research lowered shares of Service Co. International from a “hold” rating to a “sell” rating in a research note on Monday, December 3rd. Oppenheimer boosted their price target on shares of Service Co. International from $42.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, October 26th. Credit Suisse Group boosted their price target on shares of Service Co. International from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, September 17th. ValuEngine upgraded shares of Service Co. International from a “hold” rating to a “buy” rating in a research note on Monday, September 17th. Finally, Raymond James boosted their price target on shares of Service Co. International from $45.00 to $47.00 and gave the company a “strong-buy” rating in a research note on Wednesday, October 31st. Two research analysts have rated the stock with a sell rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Service Co. International has a consensus rating of “Buy” and a consensus target price of $46.17.

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Service Co. International 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.

Further Reading: Analyst Ratings

Institutional Ownership by Quarter for Service Co. International (NYSE:SCI)

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