Credit Suisse AG Has $11.85 Million Holdings in Service Co. International (NYSE:SCI)

Credit Suisse AG lifted its holdings in Service Co. International (NYSE:SCI) by 2.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,255 shares of the company’s stock after acquiring an additional 3,574 shares during the quarter. Credit Suisse AG owned approximately 0.11% of Service Co. International worth $11,848,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of SCI. OLD Mission Capital LLC acquired a new position in shares of Service Co. International in the 4th quarter worth approximately $26,000. Parallel Advisors LLC boosted its holdings in shares of Service Co. International by 96.1% in the 4th quarter. Parallel Advisors LLC now owns 402 shares of the company’s stock worth $28,000 after acquiring an additional 197 shares in the last quarter. U.S. Capital Wealth Advisors LLC acquired a new position in Service Co. International during the 4th quarter worth $37,000. GPS Wealth Strategies Group LLC acquired a new position in Service Co. International during the 1st quarter worth $44,000. Finally, Ancora Advisors LLC acquired a new position in Service Co. International during the 1st quarter worth $44,000. 86.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Service Co. International

In related news, CEO Thomas L. Ryan sold 47,310 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $65.37, for a total transaction of $3,092,654.70. Following the sale, the chief executive officer now owns 962,409 shares of the company’s stock, valued at approximately $62,912,676.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Thomas L. Ryan sold 1,000 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $65.31, for a total transaction of $65,310.00. Following the sale, the chief executive officer now owns 962,409 shares of the company’s stock, valued at approximately $62,854,931.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas L. Ryan sold 47,310 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $65.37, for a total value of $3,092,654.70. Following the sale, the chief executive officer now directly owns 962,409 shares in the company, valued at approximately $62,912,676.33. The disclosure for this sale can be found here. Corporate insiders own 5.10% of the company’s stock.

Wall Street Analyst Weigh In

SCI has been the topic of several research reports. Credit Suisse Group reduced their price objective on Service Co. International from $85.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, August 3rd. StockNews.com initiated coverage on Service Co. International in a report on Thursday, August 17th. They set a “hold” rating on the stock. Finally, Raymond James reduced their price objective on Service Co. International from $80.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, August 4th.

Service Co. International Stock Performance

Shares of Service Co. International stock opened at $63.23 on Friday. The firm has a fifty day moving average of $64.73 and a two-hundred day moving average of $66.49. The stock has a market capitalization of $9.54 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 2.35 and a beta of 0.76. Service Co. International has a 52 week low of $56.85 and a 52 week high of $74.66. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.42 and a current ratio of 0.47.

Service Co. International (NYSE:SCI) last issued its earnings results on Tuesday, August 1st. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.81 by $0.02. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $986.10 million. Service Co. International had a net margin of 12.11% and a return on equity of 31.72%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS. As a group, equities research analysts predict that Service Co. International will post 3.46 EPS for the current year.

Service Co. International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.39 per share. This is a boost from Service Co. International’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.56 annualized dividend and a dividend yield of 2.47%. Service Co. International’s payout ratio is presently 34.40%.

Service Co. International Company Profile

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.