14,626 Shares in Service Co. International (NYSE:SCI) Acquired by New York Life Investment Management LLC

New York Life Investment Management LLC bought a new position in shares of Service Co. International (NYSE:SCI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,626 shares of the company’s stock, valued at approximately $1,167,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCI. FMR LLC grew its position in Service Co. International by 300.6% in the third quarter. FMR LLC now owns 4,055,823 shares of the company’s stock worth $320,126,000 after buying an additional 3,043,354 shares during the last quarter. Verition Fund Management LLC grew its position in Service Co. International by 2,527.9% in the third quarter. Verition Fund Management LLC now owns 293,329 shares of the company’s stock worth $23,152,000 after buying an additional 282,167 shares during the last quarter. Premier Fund Managers Ltd grew its position in Service Co. International by 23.9% in the third quarter. Premier Fund Managers Ltd now owns 1,093,723 shares of the company’s stock worth $85,721,000 after buying an additional 210,802 shares during the last quarter. Geode Capital Management LLC grew its position in Service Co. International by 5.1% in the third quarter. Geode Capital Management LLC now owns 3,211,902 shares of the company’s stock worth $253,567,000 after buying an additional 156,086 shares during the last quarter. Finally, Tidal Investments LLC grew its position in Service Co. International by 4,977.3% in the third quarter. Tidal Investments LLC now owns 155,567 shares of the company’s stock worth $12,279,000 after buying an additional 152,503 shares during the last quarter. Institutional investors own 85.53% of the company’s stock.

Service Co. International Trading Down 1.3 %

NYSE SCI opened at $79.96 on Tuesday. Service Co. International has a twelve month low of $67.19 and a twelve month high of $89.37. 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 market cap of $11.53 billion, a price-to-earnings ratio of 22.52, a PEG ratio of 1.90 and a beta of 0.87. The firm’s 50 day moving average price is $78.52 and its two-hundred day moving average price is $79.93.

Service Co. International (NYSE:SCI) last posted 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%. Equities analysts anticipate that Service Co. International will post 3.84 EPS for the current year.

Service Co. International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.32 per share. This is a boost from Service Co. International’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Friday, March 14th. Service Co. International’s payout ratio is currently 36.06%.

Wall Street Analyst Weigh In

SCI has been the topic of several recent research reports. StockNews.com lowered shares of Service Co. International from a “hold” rating to a “sell” rating in a research report on Wednesday, February 26th. Oppenheimer lifted their price target on shares of Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $88.50.

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.