Service Co. International (NYSE:SCI) Stock Holdings Lessened by First Manhattan CO. LLC.

First Manhattan CO. LLC. reduced its holdings in Service Co. International (NYSE:SCI) by 0.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 901,432 shares of the company’s stock after selling 6,947 shares during the quarter. First Manhattan CO. LLC.’s holdings in Service Co. International were worth $62,001,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Heritage Wealth Management LLC lifted its position in Service Co. International by 100.0% in the 4th quarter. Heritage Wealth Management LLC now owns 2,976 shares of the company’s stock valued at $206,000 after purchasing an additional 1,488 shares during the last quarter. Pictet Asset Management SA lifted its position in Service Co. International by 23.7% in the 1st quarter. Pictet Asset Management SA now owns 869,443 shares of the company’s stock valued at $59,800,000 after purchasing an additional 166,411 shares during the last quarter. JGP Wealth Management LLC lifted its position in Service Co. International by 11.4% in the 1st quarter. JGP Wealth Management LLC now owns 111,198 shares of the company’s stock valued at $7,648,000 after purchasing an additional 11,348 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Service Co. International by 11.2% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 78,861 shares of the company’s stock valued at $5,424,000 after purchasing an additional 7,957 shares during the last quarter. Finally, Schroder Investment Management Group bought a new stake in Service Co. International in the 4th quarter valued at about $622,000. 84.99% of the stock is currently owned by institutional investors.

Service Co. International Price Performance

Shares of SCI traded up $0.04 during mid-day trading on Tuesday, hitting $60.79. The company’s stock had a trading volume of 195,692 shares, compared to its average volume of 947,156. The firm has a 50-day moving average price of $64.23 and a 200 day moving average price of $65.81. The stock has a market capitalization of $9.17 billion, a price-to-earnings ratio of 19.35, a PEG ratio of 2.26 and a beta of 0.76. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.47 and a quick ratio of 0.42. Service Co. International has a fifty-two week low of $56.85 and a fifty-two week high of $74.66.

Service Co. International (NYSE:SCI) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.02. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $986.10 million. Service Co. International had a net margin of 12.11% and a return on equity of 31.72%. The business’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS. On average, research analysts predict that Service Co. International will post 3.46 EPS for the current fiscal year.

Service Co. International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $0.39 dividend. This is an increase from Service Co. International’s previous quarterly dividend of $0.27. This represents a $1.56 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend is Thursday, September 14th. Service Co. International’s dividend payout ratio (DPR) is 34.40%.

Insider Transactions at Service Co. International

In other news, CEO Thomas L. Ryan sold 47,310 shares of Service Co. International stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $65.37, for a total value of $3,092,654.70. Following the transaction, the chief executive officer now directly owns 962,409 shares of the company’s stock, valued at $62,912,676.33. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Thomas L. Ryan sold 47,310 shares of Service Co. International stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $65.37, for a total value of $3,092,654.70. Following the transaction, the chief executive officer now directly owns 962,409 shares of the company’s stock, valued at $62,912,676.33. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Thomas L. Ryan sold 1,000 shares of Service Co. International stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $65.31, for a total transaction of $65,310.00. Following the completion of the transaction, the chief executive officer now directly owns 962,409 shares in the company, valued at $62,854,931.79. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

SCI has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on shares of Service Co. International in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Raymond James dropped their price target on shares of Service Co. International from $80.00 to $75.00 and set an “outperform” rating on the stock in a research report on Friday, August 4th. Finally, Credit Suisse Group dropped their price target on shares of Service Co. International from $85.00 to $80.00 and set an “outperform” rating on the stock in a research report on Thursday, August 3rd.

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.