Service Co. International (NYSE:SCI) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC lessened its stake in shares of Service Co. International (NYSE:SCI) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,044 shares of the company’s stock after selling 344 shares during the quarter. Sanctuary Advisors LLC’s holdings in Service Co. International were worth $476,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC raised its holdings in shares of Service Co. International by 36.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 926 shares of the company’s stock valued at $73,000 after buying an additional 249 shares during the period. Capital Performance Advisors LLP acquired a new stake in Service Co. International in the third quarter valued at approximately $80,000. Quest Partners LLC raised its stake in shares of Service Co. International by 110,300.0% during the third quarter. Quest Partners LLC now owns 1,104 shares of the company’s stock valued at $87,000 after purchasing an additional 1,103 shares during the period. Blue Trust Inc. raised its stake in shares of Service Co. International by 20.1% during the fourth quarter. Blue Trust Inc. now owns 1,397 shares of the company’s stock valued at $110,000 after purchasing an additional 234 shares during the period. Finally, Principal Securities Inc. lifted its position in shares of Service Co. International by 13.9% during the fourth quarter. Principal Securities Inc. now owns 1,936 shares of the company’s stock worth $155,000 after purchasing an additional 236 shares in the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Service Co. International Stock Up 0.8 %

SCI stock opened at $81.10 on Monday. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.83. The firm has a 50 day simple moving average of $78.52 and a 200-day simple moving average of $79.90. The company has a market capitalization of $11.70 billion, a P/E ratio of 22.85, a PEG ratio of 1.90 and a beta of 0.87. Service Co. International has a twelve month low of $67.19 and a twelve month high of $89.37.

Service Co. International (NYSE:SCI) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.06 earnings per share for the quarter, hitting the consensus estimate of $1.06. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. On average, equities research analysts predict that Service Co. International will post 3.84 earnings per share for the current fiscal year.

Service Co. International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.32 dividend. This is a positive change from Service Co. International’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Friday, March 14th. Service Co. International’s payout ratio is currently 36.06%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. StockNews.com lowered shares of Service Co. International from a “hold” rating to a “sell” rating in a report on Wednesday, February 26th. Oppenheimer raised their target price on Service Co. International from $86.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $88.50.

Service Co. International Company 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.