Massmutual Trust Co. FSB ADV Has $41,000 Stock Position in Service Co. International (NYSE:SCI)

Massmutual Trust Co. FSB ADV increased its holdings in Service Co. International (NYSE:SCIFree Report) by 204.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 599 shares of the company’s stock after acquiring an additional 402 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Service Co. International were worth $41,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP raised its holdings in shares of Service Co. International by 282.2% in the 1st quarter. Quarry LP now owns 493 shares of the company’s stock worth $34,000 after acquiring an additional 364 shares during the last quarter. Larson Financial Group LLC purchased a new stake in shares of Service Co. International during the 3rd quarter valued at approximately $36,000. Huntington National Bank lifted its stake in shares of Service Co. International by 33.4% during the 2nd quarter. Huntington National Bank now owns 663 shares of the company’s stock valued at $43,000 after buying an additional 166 shares in the last quarter. Ancora Advisors LLC purchased a new stake in Service Co. International in the 1st quarter worth approximately $44,000. Finally, M&R Capital Management Inc. raised its position in shares of Service Co. International by 125.5% during the 4th quarter. M&R Capital Management Inc. now owns 902 shares of the company’s stock valued at $62,000 after buying an additional 502 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Oppenheimer raised their price objective on shares of Service Co. International from $71.00 to $76.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. UBS Group increased their target price on shares of Service Co. International from $72.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Service Co. International currently has a consensus rating of “Moderate Buy” and an average target price of $75.00.

Check Out Our Latest Stock Analysis on SCI

Insider Activity

In other news, CEO Thomas L. Ryan sold 16,580 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $72.20, for a total value of $1,197,076.00. Following the transaction, the chief executive officer now directly owns 988,365 shares in the company, valued at $71,359,953. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Service Co. International news, Director W Blair Waltrip sold 6,150 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $74.38, for a total transaction of $457,437.00. Following the completion of the sale, the director now directly owns 597,948 shares of the company’s stock, valued at $44,475,372.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Thomas L. Ryan sold 16,580 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $72.20, for a total transaction of $1,197,076.00. Following the completion of the transaction, the chief executive officer now directly owns 988,365 shares of the company’s stock, valued at $71,359,953. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 202,675 shares of company stock valued at $15,066,906. 5.20% of the stock is currently owned by company insiders.

Service Co. International Stock Performance

SCI opened at $72.50 on Tuesday. Service Co. International has a 1-year low of $52.89 and a 1-year high of $75.97. The company has a 50 day simple moving average of $70.33 and a two-hundred day simple moving average of $64.18. The company has a debt-to-equity ratio of 3.02, a current ratio of 0.67 and a quick ratio of 0.62. The firm has a market cap of $10.59 billion, a P/E ratio of 20.60, a PEG ratio of 1.98 and a beta of 0.81.

Service Co. International (NYSE:SCIGet Free Report) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. Service Co. International had a net margin of 13.11% and a return on equity of 32.88%. Service Co. International’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.92 earnings per share. Equities analysts forecast that Service Co. International will post 3.62 earnings per share for the current fiscal year.

Service Co. International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 15th will be paid a $0.30 dividend. The ex-dividend date is Thursday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.66%. This is an increase from Service Co. International’s previous quarterly dividend of $0.29. Service Co. International’s dividend payout ratio is currently 32.95%.

Service Co. International Profile

(Free Report)

Service Corporation International provides deathcare products and services in the United States and Canada. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses. The company also provides professional services related to funerals and cremations, including the use of funeral home facilities and motor vehicles; arranging and directing services; and removal, preparation, embalming, cremation, memorialization, and travel protection, as well as catering services.

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

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