Yousif Capital Management LLC Sells 1,791 Shares of Service Co. International (NYSE:SCI)

Yousif Capital Management LLC trimmed its stake in Service Co. International (NYSE:SCI) by 2.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,328 shares of the company’s stock after selling 1,791 shares during the period. Yousif Capital Management LLC’s holdings in Service Co. International were worth $4,814,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Service Co. International by 87.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 53,466 shares of the company’s stock valued at $3,055,000 after purchasing an additional 24,941 shares during the last quarter. Boston Trust Walden Corp raised its holdings in shares of Service Co. International by 3.2% in the fourth quarter. Boston Trust Walden Corp now owns 673,914 shares of the company’s stock worth $46,129,000 after buying an additional 20,879 shares during the period. Comerica Bank purchased a new stake in shares of Service Co. International in the third quarter worth approximately $4,712,000. TIAA Trust National Association purchased a new stake in shares of Service Co. International in the third quarter worth approximately $344,000. Finally, Fifth Third Bancorp raised its holdings in shares of Service Co. International by 45.4% in the third quarter. Fifth Third Bancorp now owns 1,224 shares of the company’s stock worth $70,000 after buying an additional 382 shares during the period. 85.53% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, VP Steven A. Tidwell sold 45,995 shares of Service Co. International stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $75.43, for a total value of $3,469,402.85. Following the transaction, the vice president now directly owns 54,354 shares in the company, valued at approximately $4,099,922.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Thomas L. Ryan sold 16,580 shares of Service Co. International stock in a transaction on Thursday, February 22nd. The stock was 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 approximately $71,359,953. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Steven A. Tidwell sold 45,995 shares of Service Co. International stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $75.43, for a total value of $3,469,402.85. Following the completion of the transaction, the vice president now owns 54,354 shares in the company, valued at $4,099,922.22. The disclosure for this sale can be found here. Insiders have sold 202,675 shares of company stock worth $15,066,906 in the last ninety days. 5.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Oppenheimer increased their price target on Service Co. International from $71.00 to $76.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. UBS Group increased their price target on Service Co. International from $72.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. One equities 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.com, Service Co. International has an average rating of “Moderate Buy” and a consensus price target of $75.00.

Service Co. International Trading Up 1.3 %

SCI opened at $71.74 on Friday. The stock’s fifty day moving average is $72.33 and its two-hundred day moving average is $66.52. The company has a market capitalization of $10.51 billion, a P/E ratio of 20.38, a PEG ratio of 1.93 and a beta of 0.81. Service Co. International has a 52 week low of $52.89 and a 52 week high of $75.97. The company has a quick ratio of 0.62, a current ratio of 0.67 and a debt-to-equity ratio of 3.02.

Service Co. International (NYSE:SCI) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.93 EPS for the quarter, topping the consensus estimate 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 return on equity of 32.88% and a net margin of 13.11%. Service Co. International’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the business posted $0.92 EPS. Analysts forecast that Service Co. International will post 3.62 earnings per share for the current year.

Service Co. International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a dividend of $0.30 per share. This is an increase from Service Co. International’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a yield of 1.67%. The ex-dividend date was Thursday, March 14th. Service Co. International’s dividend payout ratio (DPR) is presently 32.95%.

Service Co. International Profile

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.