AGF Investments LLC acquired a new position in Service Co. International (NYSE:SCI) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 16,151 shares of the company’s stock, valued at approximately $632,000.
Several other institutional investors have also bought and sold shares of SCI. Norges Bank acquired a new stake in shares of Service Co. International in the 4th quarter worth $71,647,000. Sarasin & Partners LLP boosted its position in shares of Service Co. International by 27.4% in the 4th quarter. Sarasin & Partners LLP now owns 2,701,839 shares of the company’s stock worth $124,366,000 after purchasing an additional 580,921 shares in the last quarter. FIL Ltd boosted its position in shares of Service Co. International by 17.1% in the 4th quarter. FIL Ltd now owns 3,946,167 shares of the company’s stock worth $181,642,000 after purchasing an additional 576,834 shares in the last quarter. Alliancebernstein L.P. lifted its position in Service Co. International by 6.6% during the 4th quarter. Alliancebernstein L.P. now owns 7,682,982 shares of the company’s stock worth $353,648,000 after acquiring an additional 472,545 shares during the period. Finally, Handelsbanken Fonder AB lifted its position in Service Co. International by 13.9% during the 4th quarter. Handelsbanken Fonder AB now owns 3,138,665 shares of the company’s stock worth $144,473,000 after acquiring an additional 383,440 shares during the period. 87.24% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Tony Coelho sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $51.05, for a total value of $102,100.00. Following the completion of the sale, the director now owns 61,795 shares in the company, valued at $3,154,634.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP John H. Faulk sold 43,250 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $52.09, for a total transaction of $2,252,892.50. Following the completion of the transaction, the senior vice president now directly owns 60,888 shares of the company’s stock, valued at $3,171,655.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 186,972 shares of company stock valued at $9,650,605. 4.70% of the stock is owned by insiders.
Shares of SCI opened at $38.32 on Friday. Service Co. International has a fifty-two week low of $33.93 and a fifty-two week high of $52.89. The company has a market capitalization of $6.86 billion, a price-to-earnings ratio of 20.59, a price-to-earnings-growth ratio of 2.25 and a beta of 0.70. The firm has a 50-day simple moving average of $37.55 and a 200-day simple moving average of $43.80. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.56 and a current ratio of 0.61.
Service Co. International (NYSE:SCI) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.03). The firm had revenue of $803.00 million during the quarter, compared to analyst estimates of $792.55 million. Service Co. International had a net margin of 11.50% and a return on equity of 19.44%. Service Co. International’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.47 EPS. Equities research analysts forecast that Service Co. International will post 1.58 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.19 dividend. The ex-dividend date is Friday, June 12th. This represents a $0.76 dividend on an annualized basis and a yield of 1.98%. Service Co. International’s payout ratio is currently 40.00%.
A number of analysts have commented on the company. Citigroup lifted their price target on Service Co. International from $47.00 to $53.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. CSFB lowered their price target on Service Co. International from $46.00 to $43.00 and set an “outperform” rating for the company in a research report on Thursday, April 30th. Zacks Investment Research upgraded Service Co. International from a “sell” rating to a “hold” rating and set a $56.00 price objective for the company in a research note on Thursday, March 5th. Oppenheimer cut their price target on Service Co. International from $53.00 to $47.00 and set an “outperform” rating for the company in a research note on Tuesday, March 31st. Finally, Credit Suisse Group cut their price target on Service Co. International from $46.00 to $43.00 and set an “outperform” rating for the company in a research note on Thursday, April 30th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $48.07.
About Service Co. International
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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