Janney Montgomery Scott LLC Has $419,000 Stock Position in Service Corporation International (NYSE:SCI)

Janney Montgomery Scott LLC lessened its holdings in shares of Service Corporation International (NYSE:SCI) by 6.2% during the first quarter, Holdings Channel.com reports. The firm owned 5,228 shares of the company’s stock after selling 343 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Service Corporation International were worth $419,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. SG Americas Securities LLC acquired a new position in shares of Service Corporation International in the 1st quarter worth approximately $869,000. Ritholtz Wealth Management raised its stake in Service Corporation International by 7.4% during the first quarter. Ritholtz Wealth Management now owns 9,966 shares of the company’s stock worth $799,000 after buying an additional 689 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Service Corporation International by 18.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,349 shares of the company’s stock valued at $990,000 after buying an additional 1,966 shares during the period. Atlas Capital Advisors Inc. bought a new stake in Service Corporation International during the fourth quarter valued at $340,000. Finally, Farther Finance Advisors LLC boosted its position in Service Corporation International by 273.1% during the first quarter. Farther Finance Advisors LLC now owns 3,436 shares of the company’s stock valued at $278,000 after acquiring an additional 2,515 shares during the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Insider Buying and Selling

In other news, Director Tony Coelho sold 5,400 shares of the firm’s 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 transaction, the director directly owned 43,938 shares in the company, valued at approximately $3,336,651.72. This trade represents a 10.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. UBS Group dropped their price objective on Service Corporation International from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Wall Street Zen upgraded Service Corporation International from a “sell” rating to a “hold” rating in a report on Thursday, April 3rd. One 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 an average rating of “Moderate Buy” and a consensus target price of $89.25.

Service Corporation International Stock Down 0.5%

Shares of NYSE:SCI opened at $81.78 on Friday. Service Corporation International has a 1 year low of $68.84 and a 1 year high of $89.37. The company has a market capitalization of $11.64 billion, a PE ratio of 22.47, a price-to-earnings-growth ratio of 2.03 and a beta of 0.92. The business has a fifty day moving average price of $78.33 and a two-hundred day moving average price of $78.59. The company has a debt-to-equity ratio of 2.87, a current ratio of 0.51 and a quick ratio of 0.46.

Service Corporation International (NYSE:SCI) last posted its quarterly 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. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Service Corporation International had a net margin of 12.58% and a return on equity of 32.35%. Service Corporation International’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 EPS. Analysts forecast that Service Corporation International will post 3.84 earnings per share for the current year.

Service Corporation International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a $0.32 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.28 annualized dividend and a yield of 1.57%. Service Corporation International’s dividend payout ratio is currently 35.16%.

About Service Corporation International

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.