Xponance Inc. Has $1.68 Million Position in Service Co. International (NYSE:SCI)

Xponance Inc. reduced its holdings in shares of Service Co. International (NYSE:SCI) by 3.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 24,524 shares of the company’s stock after selling 833 shares during the quarter. Xponance Inc.’s holdings in Service Co. International were worth $1,679,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Larson Financial Group LLC acquired a new stake in Service Co. International during the 3rd quarter worth about $36,000. Massmutual Trust Co. FSB ADV grew its holdings in Service Co. International by 204.1% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 599 shares of the company’s stock worth $41,000 after acquiring an additional 402 shares during the period. M&R Capital Management Inc. grew its holdings in Service Co. International by 125.5% during the 4th quarter. M&R Capital Management Inc. now owns 902 shares of the company’s stock worth $62,000 after acquiring an additional 502 shares during the period. Fifth Third Bancorp grew its holdings in Service Co. International by 45.4% during the 3rd quarter. Fifth Third Bancorp now owns 1,224 shares of the company’s stock worth $70,000 after acquiring an additional 382 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ acquired a new stake in Service Co. International during the 3rd quarter worth about $80,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Service Co. International

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 shares were sold at an average price of $73.53, for a total value of $5,514,750.00. Following the completion of the sale, the chief executive officer now directly 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 Securities & Exchange Commission, which is accessible through the SEC website. In other Service Co. International news, Director W Blair Waltrip sold 6,150 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $74.38, for a total value of $457,437.00. Following the completion of the sale, the director now directly owns 597,948 shares of the company’s stock, valued at $44,475,372.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $5,514,750.00. Following the completion of the sale, the chief executive officer now directly owns 988,365 shares of the company’s stock, valued at $72,674,478.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 202,675 shares of company stock valued at $15,066,906. Insiders own 4.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on SCI. UBS Group raised their price target on shares of Service Co. International from $72.00 to $79.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Oppenheimer raised their price target on shares of 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $75.00.

Service Co. International Stock Up 2.1 %

SCI opened at $70.98 on Wednesday. The company has a fifty day moving average price of $72.30 and a 200-day moving average price of $66.34. The firm has a market capitalization of $10.40 billion, a P/E ratio of 20.16, a price-to-earnings-growth ratio of 1.90 and a beta of 0.81. The company has a debt-to-equity ratio of 3.02, a current ratio of 0.67 and a quick ratio of 0.62. Service Co. International has a one year low of $52.89 and a one year high of $75.97.

Service Co. International (NYSE:SCI) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. Service Co. International had a net margin of 13.11% and a return on equity of 32.88%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the business earned $0.92 EPS. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities research analysts expect that Service Co. International will post 3.62 earnings per share for the current fiscal year.

Service Co. International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $0.30 per share. This is an increase from Service Co. International’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date was Thursday, March 14th. Service Co. International’s payout ratio is currently 32.95%.

Service Co. International Company Profile

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.