New York State Teachers Retirement System Has $10.65 Million Stake in Service Corporation International (NYSE:SCI)

New York State Teachers Retirement System trimmed its position in shares of Service Corporation International (NYSE:SCI) by 5.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 132,762 shares of the company’s stock after selling 7,300 shares during the quarter. New York State Teachers Retirement System owned approximately 0.09% of Service Corporation International worth $10,648,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. SBI Securities Co. Ltd. bought a new position in shares of Service Corporation International in the fourth quarter worth about $25,000. Quarry LP increased its holdings in Service Corporation International by 359.8% in the fourth quarter. Quarry LP now owns 469 shares of the company’s stock valued at $37,000 after purchasing an additional 367 shares during the last quarter. Mizuho Bank Ltd. acquired a new stake in shares of Service Corporation International in the 4th quarter valued at approximately $40,000. Resona Asset Management Co. Ltd. bought a new position in shares of Service Corporation International during the fourth quarter worth $40,000. Finally, Vision Financial Markets LLC acquired a new position in Service Corporation International in the fourth quarter valued at about $52,000. 85.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

Service Corporation International Trading Down 0.5%

Shares of NYSE:SCI opened at $81.78 on Friday. The stock has a market cap of $11.64 billion, a PE ratio of 22.47, a P/E/G ratio of 2.03 and a beta of 0.92. The business has a 50 day moving average of $78.33 and a 200-day moving average of $78.59. The company has a quick ratio of 0.46, a current ratio of 0.51 and a debt-to-equity ratio of 2.87. Service Corporation International has a 12-month low of $68.84 and a 12-month high of $89.37.

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

Service Corporation International Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SCI. Wall Street Zen upgraded Service Corporation International from a “sell” rating to a “hold” rating in a report on Thursday, April 3rd. UBS Group dropped their target price on shares of Service Corporation International from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Service Corporation International has an average rating of “Moderate Buy” and an average target price of $89.25.

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.