SG Americas Securities LLC Acquires Shares of 10,840 Service Corporation International (NYSE:SCI)

SG Americas Securities LLC acquired a new stake in shares of Service Corporation International (NYSE:SCI) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,840 shares of the company’s stock, valued at approximately $869,000.

Other institutional investors have also bought and sold shares of the company. Cornerstone Investment Partners LLC raised its stake in shares of Service Corporation 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 during the period. CIBC Asset Management Inc raised its stake in shares of Service Corporation 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 during the period. Mercer Global Advisors Inc. ADV raised its stake in shares of Service Corporation 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 during the period. Steward Partners Investment Advisory LLC raised its stake in shares of Service Corporation 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 during the period. Finally, BNP Paribas raised its stake in shares of Service Corporation International by 1.1% in the fourth quarter. BNP Paribas now owns 20,182 shares of the company’s stock valued at $1,609,000 after acquiring an additional 227 shares during the period. Institutional investors own 85.53% of the company’s stock.

Service Corporation International Trading Up 0.4%

SCI stock opened at $78.24 on Thursday. The company has a market capitalization of $11.14 billion, a PE ratio of 21.50, a P/E/G ratio of 1.92 and a beta of 0.92. Service Corporation International has a 12 month low of $68.84 and a 12 month high of $89.37. The firm’s 50-day moving average is $77.75 and its 200 day moving average is $79.05. The company has a debt-to-equity ratio of 2.87, a current ratio of 0.51 and a quick ratio of 0.46.

Service Corporation International (NYSE:SCI) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.91 by $0.05. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. Service Corporation International had a net margin of 12.58% and a return on equity of 32.35%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.89 EPS. On average, research analysts anticipate that Service Corporation International will post 3.84 EPS for the current year.

Service Corporation International Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Friday, June 13th. Service Corporation International’s dividend payout ratio (DPR) is 35.16%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Service Corporation International from a “sell” rating to a “hold” rating in a research note on Thursday, April 3rd. UBS Group reduced their price target on shares of Service Corporation International from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $89.25.

Insider Buying and Selling at Service Corporation International

In other Service Corporation International news, Director Tony Coelho sold 5,400 shares of the firm’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $75.94, for a total transaction of $410,076.00. Following the transaction, the director now owns 43,938 shares of the company’s stock, valued at approximately $3,336,651.72. This trade represents a 10.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 4.40% of the company’s stock.

Service Corporation 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.