Eagle Bay Advisors LLC Buys Shares of 8,000 Service Co. International (NYSE:SCI)

Eagle Bay Advisors LLC bought a new stake in shares of Service Co. International (NYSE:SCIFree Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 8,000 shares of the company’s stock, valued at approximately $548,000.

Several other large investors also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. purchased a new stake in Service Co. International in the 4th quarter worth approximately $216,000. Qsemble Capital Management LP acquired a new stake in Service Co. International during the fourth quarter valued at $219,000. Versor Investments LP grew its stake in Service Co. International by 109.4% in the fourth quarter. Versor Investments LP now owns 18,575 shares of the company’s stock valued at $1,271,000 after purchasing an additional 9,706 shares in the last quarter. Iams Wealth Management LLC bought a new stake in shares of Service Co. International in the 4th quarter valued at approximately $381,000. Finally, Smithfield Trust Co lifted its stake in shares of Service Co. International by 9.9% in the 4th quarter. Smithfield Trust Co now owns 2,975 shares of the company’s stock valued at $203,000 after purchasing an additional 267 shares during the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

Service Co. International Price Performance

SCI traded down $0.17 during midday trading on Tuesday, reaching $69.96. 664,096 shares of the company’s stock were exchanged, compared to its average volume of 854,401. The firm has a market capitalization of $10.19 billion, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 1.88 and a beta of 0.81. The company has a quick ratio of 0.57, a current ratio of 0.62 and a debt-to-equity ratio of 2.90. Service Co. International has a one year low of $52.89 and a one year high of $75.97. The business has a 50-day simple moving average of $71.74 and a two-hundred day simple moving average of $68.10.

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

Service Co. International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.20 annualized dividend and a yield of 1.72%. Service Co. International’s dividend payout ratio is 34.48%.

Insiders Place Their Bets

In other Service Co. International news, Director Victor L. Lund sold 1,011 shares of the company’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $70.00, for a total transaction of $70,770.00. Following the sale, the director now directly owns 7,606 shares of the company’s stock, valued at $532,420. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Service Co. International news, CEO Thomas L. Ryan sold 75,000 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $73.53, for a total value of $5,514,750.00. Following the transaction, the chief executive officer now owns 988,365 shares of the company’s stock, valued at $72,674,478.45. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Victor L. Lund sold 1,011 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $70.00, for a total transaction of $70,770.00. Following the transaction, the director now owns 7,606 shares in the company, valued at $532,420. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 211,292 shares of company stock valued at $15,670,096. 5.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

SCI has been the topic of a number of research analyst reports. UBS Group raised their target price on shares of Service Co. International from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, February 14th. Oppenheimer boosted their price target on Service Co. International from $71.00 to $76.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Service Co. International currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.00.

Get Our Latest Research Report on Service Co. International

Service Co. International Company 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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