Stifel Financial Corp Sells 3,045 Shares of Service Co. International (NYSE:SCI)

Stifel Financial Corp reduced its stake in shares of Service Co. International (NYSE:SCI) by 40.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,503 shares of the company’s stock after selling 3,045 shares during the period. Stifel Financial Corp’s holdings in Service Co. International were worth $359,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in shares of Service Co. International during the 4th quarter worth $25,000. Mizuho Bank Ltd. bought a new stake in Service Co. International in the fourth quarter worth $40,000. Resona Asset Management Co. Ltd. bought a new stake in Service Co. International in the fourth quarter worth $40,000. Vision Financial Markets LLC bought a new stake in Service Co. International in the fourth quarter worth $52,000. Finally, GeoWealth Management LLC bought a new stake in Service Co. International in the fourth quarter worth $53,000. 85.53% of the stock is owned by institutional investors.

Insider Activity

In other Service Co. International news, CEO Thomas L. Ryan sold 50,000 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $84.56, for a total value of $4,228,000.00. Following the completion of the sale, the chief executive officer now owns 982,333 shares of the company’s stock, valued at $83,066,078.48. This trade represents a 4.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tony Coelho sold 5,400 shares of the firm’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $75.94, for a total transaction of $410,076.00. Following the transaction, the director now directly owns 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 disclosure for this sale can be found here. Insiders have sold 61,900 shares of company stock worth $5,153,461 in the last three months. Company insiders own 4.40% of the company’s stock.

Service Co. International Stock Performance

Shares of NYSE:SCI opened at $75.81 on Wednesday. Service Co. International has a 12 month low of $68.51 and a 12 month high of $89.37. 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 company has a 50-day moving average price of $78.21 and a 200-day moving average price of $80.26. The company has a market cap of $10.79 billion, a price-to-earnings ratio of 21.35, a price-to-earnings-growth ratio of 1.90 and a beta of 0.96.

Service Co. International (NYSE:SCI) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.05. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the prior year, the company posted $0.89 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. As a group, equities analysts anticipate that Service Co. International will post 3.84 EPS for the current year.

Service Co. International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, June 13th. This represents a $1.28 annualized dividend and a dividend yield of 1.69%. Service Co. International’s payout ratio is 35.16%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. StockNews.com raised shares of Service Co. International from a “sell” rating to a “hold” rating in a research note on Thursday, April 3rd. UBS Group lowered their price target on shares of Service Co. International from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $89.25.

Service Co. International 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.