Farther Finance Advisors LLC Grows Stock Holdings in Service Corporation International (NYSE:SCI)

Farther Finance Advisors LLC grew its holdings in shares of Service Corporation International (NYSE:SCI) by 273.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 3,436 shares of the company’s stock after acquiring an additional 2,515 shares during the period. Farther Finance Advisors LLC’s holdings in Service Corporation International were worth $278,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SCI. FMR LLC lifted its holdings in shares of Service Corporation International by 70.2% during the fourth quarter. FMR LLC now owns 6,901,982 shares of the company’s stock valued at $550,916,000 after purchasing an additional 2,846,159 shares during the last quarter. Norges Bank bought a new stake in shares of Service Corporation International during the fourth quarter valued at approximately $96,498,000. Arrowstreet Capital Limited Partnership increased its position in shares of Service Corporation International by 237.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 911,294 shares of the company’s stock valued at $72,739,000 after acquiring an additional 641,552 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of Service Corporation International by 5.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 8,952,636 shares of the company’s stock valued at $714,600,000 after acquiring an additional 492,822 shares in the last quarter. Finally, Millennium Management LLC increased its position in shares of Service Corporation International by 19,170.2% during the fourth quarter. Millennium Management LLC now owns 333,157 shares of the company’s stock valued at $26,593,000 after acquiring an additional 334,904 shares in the last quarter. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Service Corporation International news, Director Tony Coelho sold 5,400 shares of Service Corporation International stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $75.94, for a total value of $410,076.00. Following the completion of the sale, the director now owns 43,938 shares of the company’s stock, valued at approximately $3,336,651.72. The trade was a 10.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.40% of the stock is currently owned by insiders.

Service Corporation International Price Performance

Shares of SCI opened at $78.24 on Thursday. The company has a market capitalization of $11.14 billion, a P/E ratio of 21.50, a price-to-earnings-growth ratio of 1.92 and a beta of 0.92. The company has a quick ratio of 0.46, a current ratio of 0.51 and a debt-to-equity ratio of 2.87. The firm has a 50 day moving average of $77.75 and a 200 day moving average of $79.05. Service Corporation International has a twelve month low of $68.84 and a twelve month high of $89.37.

Service Corporation International (NYSE:SCI) last posted its earnings results on Wednesday, April 30th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.05. Service Corporation International had a net margin of 12.58% and a return on equity of 32.35%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the firm posted $0.89 EPS. The firm’s revenue was up 2.8% on a year-over-year basis. As a group, equities research analysts anticipate that Service Corporation International will post 3.84 earnings per share for the current fiscal year.

Service Corporation International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Friday, June 13th. Service Corporation International’s dividend payout ratio (DPR) is presently 35.16%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SCI. UBS Group reduced their price target on shares of Service Corporation International from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Wall Street Zen raised shares of Service Corporation International from a “sell” rating to a “hold” rating in a research report on Thursday, April 3rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Service Corporation International currently has a consensus rating of “Moderate Buy” and an average price target of $89.25.

Service Corporation International Profile

Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery segments. The Funeral segment offers services related to cremations, including the use of home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, memorialization, and catering.