D.A. Davidson & CO. Sells 854 Shares of Service Co. International (NYSE:SCI)

D.A. Davidson & CO. lowered its stake in shares of Service Co. International (NYSE:SCIFree Report) by 4.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 19,035 shares of the company’s stock after selling 854 shares during the quarter. D.A. Davidson & CO.’s holdings in Service Co. International were worth $1,088,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of SCI. American Century Companies Inc. grew its holdings in Service Co. International by 10.2% during the first quarter. American Century Companies Inc. now owns 11,544 shares of the company’s stock worth $760,000 after buying an additional 1,068 shares in the last quarter. HighTower Advisors LLC grew its holdings in Service Co. International by 15.6% during the first quarter. HighTower Advisors LLC now owns 6,840 shares of the company’s stock worth $448,000 after buying an additional 922 shares in the last quarter. Private Advisor Group LLC grew its stake in Service Co. International by 2.2% in the 1st quarter. Private Advisor Group LLC now owns 8,269 shares of the company’s stock valued at $544,000 after purchasing an additional 181 shares during the period. Bank of Montreal Can grew its stake in Service Co. International by 38.1% in the 1st quarter. Bank of Montreal Can now owns 32,245 shares of the company’s stock valued at $2,135,000 after purchasing an additional 8,901 shares during the period. Finally, APG Asset Management N.V. grew its stake in Service Co. International by 30.1% in the 1st quarter. APG Asset Management N.V. now owns 17,700 shares of the company’s stock valued at $1,047,000 after purchasing an additional 4,100 shares during the period. Institutional investors own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, UBS Group assumed coverage on Service Co. International in a research note on Thursday, November 30th. They issued a “buy” rating and a $72.00 price objective for the company. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Service Co. International presently has a consensus rating of “Moderate Buy” and an average target price of $71.40.

Get Our Latest Report on SCI

Service Co. International Stock Up 1.6 %

SCI stock opened at $67.24 on Monday. The company has a debt-to-equity ratio of 2.77, a quick ratio of 0.59 and a current ratio of 0.64. The company has a market capitalization of $9.93 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 2.62 and a beta of 0.79. Service Co. International has a fifty-two week low of $52.89 and a fifty-two week high of $73.32. The stock has a fifty day moving average of $67.61 and a 200-day moving average of $62.53.

Service Co. International announced that its Board of Directors has initiated a share repurchase program on Wednesday, November 8th that authorizes the company to buyback $600.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 6.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

Insider Transactions at Service Co. International

In other news, SVP John H. Faulk sold 1,332 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $66.51, for a total transaction of $88,591.32. Following the completion of the transaction, the senior vice president now owns 49,798 shares in the company, valued at approximately $3,312,064.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP John H. Faulk sold 1,332 shares of the stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $66.51, for a total transaction of $88,591.32. Following the sale, the senior vice president now owns 49,798 shares of the company’s stock, valued at approximately $3,312,064.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tony Coelho sold 700 shares of the stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $61.42, for a total value of $42,994.00. Following the sale, the director now directly owns 69,837 shares in the company, valued at approximately $4,289,388.54. The disclosure for this sale can be found here. In the last 90 days, insiders sold 162,809 shares of company stock worth $9,919,708. 5.20% of the stock is owned by company insiders.

Service Co. International Profile

(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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