Wealth Enhancement Advisory Services LLC Purchases 1,559 Shares of Service Co. International (NYSE:SCI)

Wealth Enhancement Advisory Services LLC lifted its position in Service Co. International (NYSE:SCI) by 17.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,383 shares of the company’s stock after acquiring an additional 1,559 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Service Co. International were worth $829,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Cornerstone Investment Partners LLC raised its holdings in shares of Service Co. International by 3.8% in the fourth quarter. Cornerstone Investment Partners LLC now owns 3,587 shares of the company’s stock valued at $286,000 after acquiring an additional 131 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of Service Co. International by 2.7% in the fourth quarter. CIBC Asset Management Inc now owns 5,167 shares of the company’s stock valued at $412,000 after acquiring an additional 138 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of Service Co. International by 5.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 3,729 shares of the company’s stock valued at $298,000 after acquiring an additional 183 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of Service Co. International by 5.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,438 shares of the company’s stock valued at $354,000 after acquiring an additional 212 shares in the last quarter. Finally, Stanley Laman Group Ltd. raised its holdings in shares of Service Co. International by 0.5% in the fourth quarter. Stanley Laman Group Ltd. now owns 40,098 shares of the company’s stock valued at $3,201,000 after acquiring an additional 214 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Tony Coelho sold 5,400 shares of Service Co. International stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $75.94, for a total transaction of $410,076.00. Following the completion of the transaction, the director now directly owns 43,938 shares of the company’s stock, valued at $3,336,651.72. The trade was a 10.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.40% of the stock is owned by insiders.

Service Co. International Trading Up 0.8%

Service Co. International stock opened at $79.84 on Tuesday. Service Co. International has a one year low of $68.84 and a one year high of $89.37. The stock has a market cap of $11.37 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 1.90 and a beta of 0.92. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.48 and a current ratio of 0.52. The stock has a 50-day moving average of $77.33 and a two-hundred day moving average of $79.39.

Service Co. International (NYSE:SCI) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.91 by $0.05. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.06 billion. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. Service Co. International’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the firm posted $0.89 EPS. On average, research analysts anticipate that Service Co. International will post 3.84 EPS for the current fiscal year.

Service Co. International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Friday, June 13th. Service Co. International’s dividend payout ratio is currently 35.16%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wall Street Zen upgraded shares of Service Co. International from a “sell” rating to a “hold” rating in a report on Thursday, April 3rd. UBS Group reduced their price objective 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 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $89.25.

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.