Bryn Mawr Capital Management LLC Cuts Stock Holdings in Service Co. International (NYSE:SCI)

Bryn Mawr Capital Management LLC reduced its position in shares of Service Co. International (NYSE:SCI) by 58.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,007 shares of the company’s stock after selling 8,336 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Service Co. International were worth $411,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Private Advisor Group LLC boosted its holdings in shares of Service Co. International by 2.1% during the 3rd quarter. Private Advisor Group LLC now owns 9,318 shares of the company’s stock worth $532,000 after purchasing an additional 188 shares during the last quarter. HBK Sorce Advisory LLC boosted its holdings in shares of Service Co. International by 2.0% during the 3rd quarter. HBK Sorce Advisory LLC now owns 11,821 shares of the company’s stock worth $675,000 after purchasing an additional 230 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Service Co. International by 0.6% during the 3rd quarter. Arizona State Retirement System now owns 43,262 shares of the company’s stock worth $2,472,000 after purchasing an additional 239 shares during the last quarter. Steph & Co. boosted its holdings in shares of Service Co. International by 14.6% during the 3rd quarter. Steph & Co. now owns 2,307 shares of the company’s stock worth $132,000 after purchasing an additional 294 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its holdings in shares of Service Co. International by 1.5% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 20,319 shares of the company’s stock worth $1,161,000 after purchasing an additional 294 shares during the last quarter. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. UBS Group boosted their target price on Service Co. International from $72.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Oppenheimer boosted their target price on Service Co. International from $71.00 to $76.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Service Co. International currently has a consensus 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. Service Co. International has a one year low of $52.89 and a one year high of $75.97. The stock has a market capitalization of $10.51 billion, a PE ratio of 20.38, a P/E/G ratio of 1.96 and a beta of 0.81. The business’s 50 day moving average price is $72.33 and its 200 day moving average price is $66.71. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.62 and a current ratio of 0.67.

Service Co. International (NYSE:SCI) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. Service Co. International had a return on equity of 32.88% and a net margin of 13.11%. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the firm posted $0.92 earnings per share. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, equities research analysts expect that Service Co. International will post 3.62 EPS for the current year.

Service Co. International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.30 dividend. The ex-dividend date was Thursday, March 14th. This is a boost from Service Co. International’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a yield of 1.67%. Service Co. International’s dividend payout ratio is currently 32.95%.

Insider Buying and Selling at Service Co. International

In other Service Co. International news, CEO Thomas L. Ryan sold 16,580 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 988,365 shares of the company’s stock, valued at $71,359,953. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Service Co. International news, CEO Thomas L. Ryan sold 16,580 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 988,365 shares of the company’s stock, valued at $71,359,953. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Tony Coelho sold 8,950 shares of the business’s stock in a transaction that occurred 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 directly owns 60,887 shares in the company, valued at approximately $4,590,270.93. The disclosure for this sale can be found here. Insiders have sold a total of 202,675 shares of company stock valued at $15,066,906 over the last quarter. 5.10% of the stock is owned by company insiders.

Service Co. International Company 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.