Service Co. International (NYSE:SCI) Stock Position Decreased by Brinker Capital Investments LLC

Brinker Capital Investments LLC reduced its stake in Service Co. International (NYSE:SCI – Get Rating) by 51.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,205 shares of the company’s stock after selling 3,461 shares during the period. Brinker Capital Investments LLC’s holdings in Service Co. International were worth $222,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in the company. Neuberger Berman Group LLC increased its stake in shares of Service Co. International by 85.8% during the 3rd quarter. Neuberger Berman Group LLC now owns 2,118,968 shares of the company’s stock worth $122,359,000 after purchasing an additional 978,419 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in Service Co. International in the 3rd quarter valued at $13,296,000. Hsbc Holdings PLC boosted its holdings in Service Co. International by 57.3% in the 3rd quarter. Hsbc Holdings PLC now owns 611,018 shares of the company’s stock valued at $35,303,000 after purchasing an additional 222,571 shares during the period. Allianz Asset Management GmbH boosted its holdings in Service Co. International by 149.7% in the 1st quarter. Allianz Asset Management GmbH now owns 357,986 shares of the company’s stock valued at $23,563,000 after purchasing an additional 214,630 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in Service Co. International by 23.3% in the 1st quarter. Renaissance Technologies LLC now owns 882,100 shares of the company’s stock valued at $58,060,000 after purchasing an additional 166,900 shares during the period. Institutional investors and hedge funds own 84.68% of the company’s stock.

Insider Buying and Selling

In other Service Co. International news, COO Sumner J. Waring III sold 29,200 shares of the company’s stock in a transaction on Friday, February 24th. The shares were sold at an average price of $68.67, for a total transaction of $2,005,164.00. Following the sale, the chief operating officer now directly owns 338,866 shares of the company’s stock, valued at $23,269,928.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Sumner J. Waring III sold 29,200 shares of the company’s stock in a transaction dated Friday, February 24th. The shares were sold at an average price of $68.67, for a total value of $2,005,164.00. Following the transaction, the chief operating officer now directly owns 338,866 shares in the company, valued at $23,269,928.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Thomas L. Ryan sold 2,836 shares of the firm’s stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $70.95, for a total transaction of $201,214.20. Following the completion of the sale, the chief executive officer now owns 962,409 shares in the company, valued at $68,282,918.55. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on SCI. Credit Suisse Group reiterated an “outperform” rating and set a $85.00 target price on shares of Service Co. International in a research report on Thursday, February 16th. StockNews.com began coverage on shares of Service Co. International in a research report on Thursday, March 16th. They set a “hold” rating on the stock.

Service Co. International Trading Up 0.7 %

Shares of SCI stock opened at $65.56 on Tuesday. Service Co. International has a 12-month low of $56.85 and a 12-month high of $75.11. The company has a market capitalization of $9.91 billion, a P/E ratio of 21.15, a P/E/G ratio of 2.27 and a beta of 0.78. The company has a quick ratio of 0.41, a current ratio of 0.42 and a debt-to-equity ratio of 2.67. The firm has a 50-day moving average price of $67.98 and a 200 day moving average price of $68.96.

Service Co. International (NYSE:SCI – Get Rating) last posted its quarterly earnings results on Monday, May 1st. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. Service Co. International had a net margin of 12.19% and a return on equity of 31.30%. Service Co. International’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.34 earnings per share. Research analysts forecast that Service Co. International will post 3.52 earnings per share for the current fiscal year.

Service Co. International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Wednesday, June 14th. Service Co. International’s dividend payout ratio (DPR) is presently 34.84%.

Service Co. International Profile

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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.