Service Co. International (SCI) Stake Decreased by Citadel Advisors LLC

Citadel Advisors LLC lessened its position in shares of Service Co. International (NYSE:SCI) by 83.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 13,500 shares of the company’s stock after selling 66,961 shares during the period. Citadel Advisors LLC’s holdings in Service Co. International were worth $504,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Service Co. International by 2.4% during the 4th quarter. BlackRock Inc. now owns 16,476,818 shares of the company’s stock worth $614,914,000 after acquiring an additional 387,530 shares during the period. Sarasin & Partners LLP lifted its holdings in shares of Service Co. International by 4.3% during the 4th quarter. Sarasin & Partners LLP now owns 3,753,482 shares of the company’s stock worth $140,080,000 after acquiring an additional 156,370 shares during the period. Public Employees Retirement Association of Colorado lifted its holdings in shares of Service Co. International by 5.7% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 2,125,475 shares of the company’s stock worth $79,323,000 after acquiring an additional 115,432 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Service Co. International by 59.6% during the 4th quarter. Acadian Asset Management LLC now owns 2,116,863 shares of the company’s stock worth $79,000,000 after acquiring an additional 790,166 shares during the period. Finally, Ameriprise Financial Inc. increased its position in Service Co. International by 3.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,511,714 shares of the company’s stock worth $52,154,000 after purchasing an additional 44,045 shares in the last quarter. 86.27% of the stock is owned by institutional investors.

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Service Co. International (NYSE:SCI) opened at $39.30 on Friday. The stock has a market cap of $7,280.00, a P/E ratio of 13.84, a P/E/G ratio of 1.76 and a beta of 0.98. Service Co. International has a 12-month low of $30.02 and a 12-month high of $40.28. The company has a current ratio of 0.58, a quick ratio of 0.55 and a debt-to-equity ratio of 2.22.

Service Co. International (NYSE:SCI) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.05. The business had revenue of $812.73 million during the quarter, compared to analysts’ expectations of $823.66 million. Service Co. International had a net margin of 17.66% and a return on equity of 23.68%. During the same period in the prior year, the company earned $0.47 EPS. analysts anticipate that Service Co. International will post 1.81 earnings per share for the current year.

Service Co. International declared that its Board of Directors has initiated a stock buyback plan on Tuesday, February 13th that allows the company to repurchase $298.00 million in shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be given a $0.17 dividend. This is a boost from Service Co. International’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Wednesday, March 14th. Service Co. International’s dividend payout ratio is 21.13%.

In other Service Co. International news, Director Tony Coelho sold 3,110 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $39.11, for a total value of $121,632.10. Following the completion of the transaction, the director now directly owns 63,240 shares in the company, valued at approximately $2,473,316.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider R L. Waltrip sold 84,679 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $37.90, for a total transaction of $3,209,334.10. Following the completion of the transaction, the insider now owns 765,762 shares of the company’s stock, valued at $29,022,379.80. The disclosure for this sale can be found here. Corporate insiders own 6.20% of the company’s stock.

A number of equities analysts recently issued reports on SCI shares. Off Wall Street started coverage on shares of Service Co. International in a research report on Friday, December 15th. They set a “sell” rating for the company. Bank of America upped their price objective on shares of Service Co. International from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Credit Suisse Group upped their price objective on shares of Service Co. International from $40.00 to $46.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. Oppenheimer reiterated a “buy” rating and set a $42.00 price objective on shares of Service Co. International in a research report on Thursday, January 18th. Finally, Deutsche Bank upped their price objective on shares of Service Co. International from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Service Co. International currently has an average rating of “Buy” and an average price target of $43.60.

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

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