Service Co. International (NYSE:SCI) Shares Bought by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado boosted its holdings in shares of Service Co. International (NYSE:SCIFree Report) by 99.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,434 shares of the company’s stock after purchasing an additional 8,704 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Service Co. International were worth $1,193,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SCI. TFO Wealth Partners LLC lifted its position in shares of Service Co. International by 12,200.0% during the 4th quarter. TFO Wealth Partners LLC now owns 369 shares of the company’s stock valued at $25,000 after buying an additional 366 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its position in Service Co. International by 204.1% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 599 shares of the company’s stock worth $41,000 after acquiring an additional 402 shares during the period. M&R Capital Management Inc. lifted its holdings in Service Co. International by 125.5% during the fourth quarter. M&R Capital Management Inc. now owns 902 shares of the company’s stock valued at $62,000 after purchasing an additional 502 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of Service Co. International in the fourth quarter valued at about $72,000. Finally, Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Service Co. International during the third quarter worth about $80,000. 85.53% of the stock is owned by institutional investors and hedge funds.

Service Co. International Stock Performance

SCI opened at $71.31 on Tuesday. Service Co. International has a twelve month low of $52.89 and a twelve month high of $75.97. The firm has a market capitalization of $10.38 billion, a PE ratio of 20.49, a PEG ratio of 1.93 and a beta of 0.85. The company has a current ratio of 0.62, a quick ratio of 0.57 and a debt-to-equity ratio of 2.90. The firm’s 50-day moving average price is $70.56 and its 200 day moving average price is $69.73.

Service Co. International (NYSE:SCIGet Free Report) last released its earnings results on Wednesday, May 1st. The company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.04. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.02 billion. Service Co. International had a net margin of 12.73% and a return on equity of 32.23%. The business’s revenue was up 1.6% on a year-over-year basis. During the same period last year, the company posted $0.93 EPS. As a group, sell-side analysts expect that Service Co. International will post 3.66 EPS for the current fiscal year.

Service Co. International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Friday, June 14th. Service Co. International’s payout ratio is currently 33.33%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SCI shares. UBS Group raised their price target on shares of Service Co. International from $83.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Oppenheimer increased their target price on Service Co. International from $76.00 to $79.00 and gave the company an “outperform” rating in a report on Wednesday, May 22nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Service Co. International currently has a consensus rating of “Moderate Buy” and an average target price of $76.80.

Check Out Our Latest Report on Service Co. International

Insiders Place Their Bets

In other news, Director Tony Coelho sold 8,950 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $75.39, for a total transaction of $674,740.50. Following the transaction, the director now owns 60,887 shares of the company’s stock, valued at approximately $4,590,270.93. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Victor L. Lund sold 7,606 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $70.00, for a total value of $532,420.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tony Coelho sold 8,950 shares of Service Co. International stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $75.39, for a total value of $674,740.50. Following the completion of the sale, the director now owns 60,887 shares in the company, valued at approximately $4,590,270.93. The disclosure for this sale can be found here. Insiders sold 17,567 shares of company stock valued at $1,277,931 in the last three months. 4.60% of the stock is currently owned by insiders.

About Service Co. International

(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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