Stratos Wealth Partners LTD. cut its position in Service Corporation International (NYSE:SCI – Free Report) by 35.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,330 shares of the company’s stock after selling 1,866 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Service Corporation International were worth $267,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Quarry LP increased its holdings in shares of Service Corporation International by 359.8% during the fourth quarter. Quarry LP now owns 469 shares of the company’s stock valued at $37,000 after acquiring an additional 367 shares in the last quarter. Mizuho Bank Ltd. acquired a new position in shares of Service Corporation International during the fourth quarter valued at about $40,000. Resona Asset Management Co. Ltd. acquired a new position in shares of Service Corporation International during the fourth quarter valued at about $40,000. GeoWealth Management LLC acquired a new position in shares of Service Corporation International during the fourth quarter valued at about $53,000. Finally, Fifth Third Bancorp increased its holdings in shares of Service Corporation International by 12.2% during the first quarter. Fifth Third Bancorp now owns 1,426 shares of the company’s stock valued at $114,000 after acquiring an additional 155 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other Service Corporation International news, Director Tony Coelho sold 5,400 shares of the company’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 value of $410,076.00. Following the sale, the director owned 43,938 shares in the company, valued at approximately $3,336,651.72. This represents a 10.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 4.40% of the company’s stock.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on Service Corporation International
Service Corporation International Trading Up 2.3%
Service Corporation International stock opened at $80.39 on Thursday. The company has a current ratio of 0.51, a quick ratio of 0.46 and a debt-to-equity ratio of 2.87. Service Corporation International has a 12 month low of $70.46 and a 12 month high of $89.37. The stock’s 50 day simple moving average is $78.92 and its two-hundred day simple moving average is $78.54. The firm has a market cap of $11.44 billion, a PE ratio of 22.08, a P/E/G ratio of 1.94 and a beta of 0.92.
Service Corporation International (NYSE:SCI – Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.91 by $0.05. Service Corporation International had a return on equity of 32.35% and a net margin of 12.58%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the firm posted $0.89 EPS. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. Analysts anticipate that Service Corporation International will post 3.84 earnings per share for the current year.
Service Corporation International Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.28 annualized dividend and a yield of 1.59%. Service Corporation International’s dividend payout ratio is presently 35.16%.
About Service Corporation International
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.
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