Epoch Investment Partners Inc. reduced its position in shares of Service Corporation International (NYSE:SCI) by 0.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,621,287 shares of the company’s stock after selling 9,540 shares during the period. Epoch Investment Partners Inc. owned approximately 0.86% of Service Corporation International worth $50,065,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Founders Capital Management bought a new stake in Service Corporation International during the first quarter valued at about $185,000. Glen Harbor Capital Management LLC increased its stake in Service Corporation International by 11.1% in the first quarter. Glen Harbor Capital Management LLC now owns 6,064 shares of the company’s stock valued at $187,000 after buying an additional 608 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Service Corporation International during the first quarter valued at about $200,000. Homrich & Berg bought a new stake in Service Corporation International during the first quarter valued at about $201,000. Finally, Baird Financial Group Inc. acquired a new position in shares of Service Corporation International during the first quarter worth $202,000. 87.08% of the stock is owned by institutional investors.
Shares of Service Corporation International (SCI) traded down 0.34% during midday trading on Tuesday, reaching $32.38. The company’s stock had a trading volume of 898,503 shares. The company has a 50-day moving average price of $32.02 and a 200-day moving average price of $30.38. Service Corporation International has a 12 month low of $24.90 and a 12 month high of $33.20. The firm has a market cap of $6.09 billion, a price-to-earnings ratio of 20.72 and a beta of 0.95.
Service Corporation International (NYSE:SCI) last announced its quarterly earnings data on Wednesday, April 26th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.08. The business had revenue of $777.70 million during the quarter, compared to the consensus estimate of $764.02 million. Service Corporation International had a net margin of 9.94% and a return on equity of 23.87%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.28 earnings per share. Equities analysts expect that Service Corporation International will post $1.42 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be paid a $0.15 dividend. The ex-dividend date is Tuesday, June 13th. This represents a $0.60 annualized dividend and a yield of 1.85%. This is an increase from Service Corporation International’s previous quarterly dividend of $0.13. Service Corporation International’s dividend payout ratio (DPR) is presently 38.22%.
A number of brokerages have recently weighed in on SCI. Deutsche Bank AG began coverage on Service Corporation International in a report on Monday, May 1st. They issued a “buy” rating and a $40.00 target price on the stock. Zacks Investment Research upgraded Service Corporation International from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Saturday, April 29th. Finally, BidaskClub downgraded Service Corporation International from a “hold” rating to a “sell” rating in a report on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $35.25.
In other Service Corporation International news, Director Edward E. Williams sold 10,000 shares of the firm’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $32.12, for a total value of $321,200.00. Following the completion of the sale, the director now owns 165,372 shares of the company’s stock, valued at $5,311,748.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Sumner J. Waring III sold 82,400 shares of the firm’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $32.25, for a total transaction of $2,657,400.00. Following the completion of the sale, the vice president now directly owns 408,452 shares of the company’s stock, valued at approximately $13,172,577. The disclosure for this sale can be found here. In the last three months, insiders sold 331,400 shares of company stock valued at $10,639,948. 6.20% of the stock is owned by insiders.
About Service Corporation International
Service Corporation International is a provider of deathcare products and services, with a network of funeral service locations and cemeteries. The Company’s segments include Funeral, Cemetery and Corporate. It conducts both funeral and cemetery operations in the United States and Canada. As December 31, 2016, it operated 1,502 funeral service locations and 470 cemeteries, including 281 funeral service/cemetery combination locations, which are geographically diversified across 45 states, eight Canadian provinces, the District of Columbia, and Puerto Rico.
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