Cambridge Investment Research Advisors Inc. Grows Stake in Service Co. International (NYSE:SCI)

Cambridge Investment Research Advisors Inc. raised its stake in Service Co. International (NYSE:SCIFree Report) by 6.1% during the third quarter, HoldingsChannel reports. The fund owned 10,820 shares of the company’s stock after buying an additional 620 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Service Co. International were worth $618,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Quarry LP grew its stake in shares of Service Co. International by 282.2% in the first quarter. Quarry LP now owns 493 shares of the company’s stock worth $34,000 after acquiring an additional 364 shares during the last quarter. Huntington National Bank boosted its position in shares of Service Co. International by 33.4% during the second quarter. Huntington National Bank now owns 663 shares of the company’s stock valued at $43,000 after buying an additional 166 shares during the last quarter. Ancora Advisors LLC purchased a new stake in shares of Service Co. International during the first quarter valued at $44,000. Fifth Third Bancorp boosted its position in shares of Service Co. International by 52.8% during the second quarter. Fifth Third Bancorp now owns 842 shares of the company’s stock valued at $54,000 after buying an additional 291 shares during the last quarter. Finally, Wolverine Asset Management LLC boosted its position in shares of Service Co. International by 227.3% during the second quarter. Wolverine Asset Management LLC now owns 952 shares of the company’s stock valued at $61,000 after buying an additional 1,700 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Oppenheimer dropped their price objective on Service Co. International from $74.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 11th. UBS Group initiated coverage on Service Co. International in a research report on Thursday, November 30th. They issued a “buy” rating and a $72.00 target price on the stock. Bank of America dropped their target price on Service Co. International from $80.00 to $70.00 in a research report on Tuesday, October 10th. Raymond James dropped their target price on Service Co. International from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 3rd. Finally, StockNews.com initiated coverage on Service Co. International in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. One equities research 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, Service Co. International has an average rating of “Moderate Buy” and a consensus target price of $71.40.

Get Our Latest Stock Report on SCI

Service Co. International Stock Down 0.2 %

NYSE SCI opened at $67.40 on Friday. The stock’s 50-day moving average price is $65.44 and its 200-day moving average price is $62.37. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.77. Service Co. International has a 52 week low of $52.89 and a 52 week high of $74.66. The company has a market capitalization of $9.96 billion, a P/E ratio of 21.19, a price-to-earnings-growth ratio of 2.63 and a beta of 0.79.

Service Co. International (NYSE:SCIGet Free Report) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.70 by $0.08. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $978.78 million. Service Co. International had a return on equity of 32.58% and a net margin of 12.06%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.68 earnings per share. On average, equities research analysts predict that Service Co. International will post 3.44 earnings per share for the current year.

Service Co. International Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.72%. The ex-dividend date was Thursday, December 14th. Service Co. International’s dividend payout ratio (DPR) is presently 36.48%.

Service Co. International declared that its Board of Directors has approved a share buyback program on Wednesday, November 8th that authorizes the company to repurchase $600.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 6.8% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Insider Activity at Service Co. International

In related news, CEO Thomas L. Ryan sold 112,783 shares of Service Co. International stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $60.82, for a total transaction of $6,859,462.06. Following the sale, the chief executive officer now owns 962,409 shares of the company’s stock, valued at approximately $58,533,715.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Service Co. International news, CEO Thomas L. Ryan sold 112,783 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $60.82, for a total transaction of $6,859,462.06. Following the completion of the transaction, the chief executive officer now owns 962,409 shares in the company, valued at approximately $58,533,715.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas L. Ryan sold 3,066 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $60.80, for a total value of $186,412.80. Following the transaction, the chief executive officer now owns 962,409 shares of the company’s stock, valued at approximately $58,514,467.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 162,809 shares of company stock valued at $9,919,708. 5.10% of the stock is owned by company insiders.

About Service Co. International

(Free Report)

Service Corporation International provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses.

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

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