Neuberger Berman Group LLC Boosts Holdings in Service Co. International (NYSE:SCI)

Neuberger Berman Group LLC lifted its stake in Service Co. International (NYSE:SCIGet Rating) by 0.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 1,123,094 shares of the company’s stock after acquiring an additional 3,762 shares during the period. Neuberger Berman Group LLC’s holdings in Service Co. International were worth $73,922,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Covestor Ltd purchased a new position in shares of Service Co. International in the 4th quarter valued at $26,000. Ellevest Inc. lifted its stake in shares of Service Co. International by 51.8% in the 1st quarter. Ellevest Inc. now owns 548 shares of the company’s stock worth $36,000 after acquiring an additional 187 shares during the period. Hazlett Burt & Watson Inc. acquired a new stake in shares of Service Co. International in the 1st quarter worth $37,000. Ancora Advisors LLC acquired a new stake in shares of Service Co. International in the 1st quarter worth $44,000. Finally, NN Investment Partners Holdings N.V. acquired a new stake in shares of Service Co. International in the 1st quarter worth $46,000. 84.40% of the stock is owned by hedge funds and other institutional investors.

Service Co. International Stock Down 0.6 %

SCI stock opened at $60.60 on Friday. Service Co. International has a one year low of $57.27 and a one year high of $75.11. The stock has a market capitalization of $9.56 billion, a PE ratio of 13.09, a price-to-earnings-growth ratio of 2.05 and a beta of 0.75. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.46 and a current ratio of 0.51. The company has a fifty day moving average of $66.84 and a 200-day moving average of $67.13.

Service Co. International (NYSE:SCIGet Rating) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.82 by $0.02. Service Co. International had a net margin of 18.38% and a return on equity of 39.67%. The firm had revenue of $990.86 million during the quarter, compared to analysts’ expectations of $956.30 million. As a group, analysts expect that Service Co. International will post 3.43 EPS for the current year.

Service Co. International Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Wednesday, September 14th. Service Co. International’s dividend payout ratio (DPR) is 21.60%.

Insider Activity at Service Co. International

In related news, Director Jakki L. Haussler sold 11,748 shares of the firm’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $63.16, for a total value of $742,003.68. Following the completion of the sale, the director now owns 4,937 shares in the company, valued at $311,820.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.10% of the company’s stock.

Service Co. International Company Profile

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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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