Epoch Investment Partners Inc. decreased its stake in Service Co. International (NYSE:SCI) by 4.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 543,560 shares of the company’s stock after selling 22,607 shares during the quarter. Epoch Investment Partners Inc. owned approximately 0.30% of Service Co. International worth $24,025,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. Xact Kapitalforvaltning AB boosted its stake in Service Co. International by 5.0% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 25,348 shares of the company’s stock valued at $1,120,000 after buying an additional 1,200 shares in the last quarter. HCR Wealth Advisors boosted its stake in Service Co. International by 3.3% in the 3rd quarter. HCR Wealth Advisors now owns 43,829 shares of the company’s stock valued at $1,919,000 after buying an additional 1,409 shares in the last quarter. Baird Financial Group Inc. boosted its stake in Service Co. International by 20.0% in the 2nd quarter. Baird Financial Group Inc. now owns 8,680 shares of the company’s stock valued at $311,000 after buying an additional 1,449 shares in the last quarter. BB&T Corp boosted its stake in Service Co. International by 4.4% in the 3rd quarter. BB&T Corp now owns 35,673 shares of the company’s stock valued at $1,578,000 after buying an additional 1,498 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in Service Co. International by 21.5% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 9,202 shares of the company’s stock valued at $407,000 after buying an additional 1,628 shares in the last quarter. 87.15% of the stock is currently owned by institutional investors and hedge funds.
Service Co. International stock opened at $44.62 on Friday. 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 $8.23 billion, a price-to-earnings ratio of 28.79, a price-to-earnings-growth ratio of 2.01 and a beta of 1.06. Service Co. International has a 52 week low of $35.19 and a 52 week high of $47.09.
Service Co. International (NYSE:SCI) last posted 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 business 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%. Service Co. International’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 EPS. Research analysts anticipate that Service Co. International will post 1.82 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Thursday, December 13th. Service Co. International’s dividend payout ratio is currently 43.87%.
Several analysts recently commented on the company. Oppenheimer boosted their price target on Service Co. International from $42.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, October 26th. Raymond James boosted their price target on 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. ValuEngine raised Service Co. International from a “hold” rating to a “buy” rating in a research note on Monday, September 17th. Zacks Investment Research lowered Service Co. International from a “hold” rating to a “sell” rating in a research note on Monday, December 3rd. Finally, Credit Suisse Group boosted their price target on Service Co. International from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, September 17th. Two investment analysts have rated the stock with a sell rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $46.17.
In other Service Co. International news, VP Steven A. Tidwell sold 9,300 shares of the business’s stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $45.90, for a total value of $426,870.00. Following the transaction, the vice president now owns 55,897 shares of the company’s stock, valued at $2,565,672.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Elisabeth G. Nash sold 53,600 shares of the business’s stock in a transaction on Friday, November 9th. The stock was sold at an average price of $44.47, for a total value of $2,383,592.00. The disclosure for this sale can be found here. In the last three months, insiders sold 314,400 shares of company stock worth $14,012,985. Insiders own 6.20% of the company’s stock.
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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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