Service Co. International (SCI) Holdings Trimmed by Credit Suisse AG

Credit Suisse AG lowered its stake in shares of Service Co. International (NYSE:SCI) by 12.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 276,758 shares of the company’s stock after selling 40,786 shares during the period. Credit Suisse AG owned approximately 0.15% of Service Co. International worth $12,232,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Fort L.P. purchased a new position in Service Co. International during the second quarter worth approximately $120,000. TRUE Private Wealth Advisors purchased a new position in Service Co. International during the third quarter worth approximately $125,000. Steward Partners Investment Advisory LLC raised its stake in Service Co. International by 707.3% during the third quarter. Steward Partners Investment Advisory LLC now owns 3,423 shares of the company’s stock worth $151,000 after purchasing an additional 2,999 shares during the period. Townsend & Associates Inc purchased a new position in Service Co. International during the third quarter worth approximately $164,000. Finally, Thomas Story & Son LLC purchased a new position in Service Co. International during the third quarter worth approximately $221,000. 87.15% of the stock is currently owned by institutional investors.

In other news, CEO Thomas L. Ryan sold 99,597 shares of the stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $44.14, for a total value of $4,396,211.58. Following the completion of the sale, the chief executive officer now owns 1,075,735 shares of the company’s stock, valued at $47,482,942.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Elisabeth G. Nash sold 53,600 shares of the stock in a transaction on Friday, November 9th. The stock was sold at an average price of $44.47, for a total transaction of $2,383,592.00. The disclosure for this sale can be found here. Insiders sold 314,400 shares of company stock valued at $14,012,985 in the last three months. Company insiders own 6.20% of the company’s stock.

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

Service Co. International stock opened at $44.62 on Friday. Service Co. International has a 52-week low of $35.19 and a 52-week high of $47.09. The firm has a market capitalization of $8.23 billion, a PE ratio of 28.79, a price-to-earnings-growth ratio of 2.01 and a beta of 1.06. The company has a quick ratio of 0.49, a current ratio of 0.54 and a debt-to-equity ratio of 2.38.

Service Co. International (NYSE:SCI) last released its quarterly earnings data on Monday, October 29th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.01). Service Co. International had a return on equity of 22.47% and a net margin of 15.76%. The business had revenue of $778.80 million during the quarter, compared to analyst estimates of $762.60 million. During the same period in the previous year, the company earned $0.33 EPS. Service Co. International’s revenue was up 6.5% on a year-over-year basis. Research analysts anticipate that Service Co. International will post 1.82 EPS for the current fiscal year.

The firm also recently disclosed 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 1.52%. The ex-dividend date is Thursday, December 13th. Service Co. International’s payout ratio is currently 43.87%.

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

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