Rhumbline Advisers lowered its position in Service Corporation International (NYSE:SCI) by 1.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 376,902 shares of the company’s stock after selling 5,053 shares during the period. Rhumbline Advisers owned approximately 0.20% of Service Corporation International worth $12,607,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the company. Leavell Investment Management Inc. boosted its position in Service Corporation International by 5.8% in the first quarter. Leavell Investment Management Inc. now owns 18,224 shares of the company’s stock worth $563,000 after buying an additional 1,000 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Service Corporation International by 5.0% in the first quarter. Russell Investments Group Ltd. now owns 49,147 shares of the company’s stock worth $1,518,000 after buying an additional 2,337 shares in the last quarter. Glen Harbor Capital Management LLC boosted its position 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 worth $187,000 after buying an additional 608 shares in the last quarter. Sit Investment Associates Inc. boosted its position in Service Corporation International by 10.3% in the first quarter. Sit Investment Associates Inc. now owns 114,425 shares of the company’s stock worth $3,533,000 after buying an additional 10,650 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in Service Corporation International by 72,879.7% in the first quarter. Acadian Asset Management LLC now owns 316,002 shares of the company’s stock worth $9,758,000 after buying an additional 315,569 shares in the last quarter. Institutional investors own 86.66% of the company’s stock.
Shares of Service Corporation International (NYSE:SCI) opened at 35.36 on Monday. The stock has a 50 day moving average of $34.41 and a 200-day moving average of $32.09. The firm has a market capitalization of $6.62 billion, a PE ratio of 19.17 and a beta of 0.93. Service Corporation International has a 12 month low of $24.90 and a 12 month high of $35.89.
Service Corporation International (NYSE:SCI) last released its quarterly earnings data on Wednesday, July 26th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.30 by $0.05. Service Corporation International had a net margin of 11.59% and a return on equity of 24.67%. The business had revenue of $773.20 million for the quarter, compared to analyst estimates of $769.57 million. During the same period in the previous year, the firm earned $0.28 EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities research analysts anticipate that Service Corporation International will post $1.47 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.60 annualized dividend and a dividend yield of 1.70%. Service Corporation International’s dividend payout ratio is presently 32.43%.
A number of equities analysts have weighed in on the stock. BidaskClub upgraded shares of Service Corporation International from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Zacks Investment Research upgraded shares of Service Corporation International from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Tuesday, August 1st. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $37.00 price objective (up from $34.00) on shares of Service Corporation International in a research report on Friday, July 21st. Finally, Deutsche Bank AG assumed coverage on shares of Service Corporation International in a research report on Monday, May 1st. They set a “buy” rating and a $40.00 price objective for the company. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Service Corporation International presently has a consensus rating of “Buy” and a consensus price target of $37.00.
In related news, Director Edward E. Williams sold 10,000 shares of the business’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 sale, the director now directly owns 165,372 shares in the company, valued at approximately $5,311,748.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Thomas L. Ryan sold 100,000 shares of the business’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $31.80, for a total transaction of $3,180,000.00. Following the completion of the sale, the chief executive officer now owns 1,175,109 shares in the company, valued at $37,368,466.20. The disclosure for this sale can be found here. Insiders sold a total of 210,000 shares of company stock worth $6,725,578 over the last quarter. Insiders own 6.20% of the company’s stock.
Service Corporation International Company Profile
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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