Service Co. International (NYSE:SCI) Shares Bought by Lee Financial Co

Lee Financial Co lifted its stake in shares of Service Co. International (NYSE:SCIFree Report) by 66,929.4% during the 4th quarter, HoldingsChannel reports. The firm owned 11,395 shares of the company’s stock after purchasing an additional 11,378 shares during the quarter. Lee Financial Co’s holdings in Service Co. International were worth $780,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Private Advisor Group LLC lifted its position in Service Co. International by 2.1% during the third quarter. Private Advisor Group LLC now owns 9,318 shares of the company’s stock worth $532,000 after buying an additional 188 shares in the last quarter. HBK Sorce Advisory LLC lifted its position in Service Co. International by 2.0% during the third quarter. HBK Sorce Advisory LLC now owns 11,821 shares of the company’s stock worth $675,000 after buying an additional 230 shares in the last quarter. Arizona State Retirement System lifted its position in Service Co. International by 0.6% during the third quarter. Arizona State Retirement System now owns 43,262 shares of the company’s stock worth $2,472,000 after buying an additional 239 shares in the last quarter. National Bank of Canada FI lifted its position in Service Co. International by 0.8% during the fourth quarter. National Bank of Canada FI now owns 34,497 shares of the company’s stock worth $2,382,000 after buying an additional 266 shares in the last quarter. Finally, Smithfield Trust Co lifted its position in Service Co. International by 9.9% during the fourth quarter. Smithfield Trust Co now owns 2,975 shares of the company’s stock worth $203,000 after buying an additional 267 shares in the last quarter. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SCI. UBS Group lifted their price objective on Service Co. International from $83.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday. Oppenheimer raised their target price on Service Co. International from $71.00 to $76.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $76.20.

View Our Latest Research Report on Service Co. International

Insider Transactions at Service Co. International

In other news, Director Victor L. Lund sold 7,606 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $70.00, for a total transaction of $532,420.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related 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 completion of the transaction, the chief executive officer now directly owns 988,365 shares in the company, valued at $71,359,953. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Victor L. Lund sold 7,606 shares of Service Co. International stock in a transaction on Monday, April 15th. The shares were sold at an average price of $70.00, for a total value of $532,420.00. The disclosure for this sale can be found here. Insiders sold a total of 211,292 shares of company stock worth $15,670,096 over the last ninety days. Company insiders own 5.10% of the company’s stock.

Service Co. International Trading Down 0.0 %

SCI stock traded down $0.03 during midday trading on Friday, hitting $70.75. 801,236 shares of the company’s stock were exchanged, compared to its average volume of 942,832. The business has a 50-day simple moving average of $71.44 and a two-hundred day simple moving average of $68.25. 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 stock has a market capitalization of $10.30 billion, a PE ratio of 20.33, a P/E/G ratio of 1.91 and a beta of 0.81. Service Co. International has a 1-year low of $52.89 and a 1-year high of $75.97.

Service Co. International (NYSE:SCIGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the firm earned $0.93 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year. On average, sell-side analysts predict that Service Co. International will post 3.66 EPS for the current fiscal year.

Service Co. International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given 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 dividend yield of 1.70%. Service Co. International’s dividend payout ratio is currently 33.33%.

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.

Further Reading

Want to see what other hedge funds are holding SCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Service Co. International (NYSE:SCIFree Report).

Institutional Ownership by Quarter for Service Co. International (NYSE:SCI)

Receive News & Ratings for Service Co. International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Service Co. International and related companies with MarketBeat.com's FREE daily email newsletter.