Corient Private Wealth LLC Sells 3,186 Shares of Service Co. International (NYSE:SCI)

Corient Private Wealth LLC reduced its stake in Service Co. International (NYSE:SCI) by 1.0% in the 4th quarter, HoldingsChannel reports. The firm owned 317,180 shares of the company’s stock after selling 3,186 shares during the quarter. Corient Private Wealth LLC’s holdings in Service Co. International were worth $25,317,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SCI. FMR LLC increased its stake in Service Co. International by 300.6% in the third quarter. FMR LLC now owns 4,055,823 shares of the company’s stock valued at $320,126,000 after purchasing an additional 3,043,354 shares in the last quarter. Proficio Capital Partners LLC increased its stake in Service Co. International by 8,471.3% in the fourth quarter. Proficio Capital Partners LLC now owns 297,253 shares of the company’s stock valued at $23,727,000 after purchasing an additional 293,785 shares in the last quarter. Verition Fund Management LLC increased its stake 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 valued at $23,152,000 after purchasing an additional 282,167 shares in the last quarter. Premier Fund Managers Ltd increased its stake 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 valued at $85,721,000 after purchasing an additional 210,802 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Service Co. International during the fourth quarter worth about $12,975,000. 85.53% of the stock is owned by institutional investors.

Service Co. International Trading Down 0.3 %

Shares of SCI stock opened at $79.02 on Wednesday. Service Co. International has a 52-week low of $67.19 and a 52-week 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 company has a 50-day simple moving average of $78.59 and a two-hundred day simple moving average of $80.18. The company has a market capitalization of $11.40 billion, a price-to-earnings ratio of 22.26, a PEG ratio of 1.90 and a beta of 0.90.

Service Co. International (NYSE:SCI) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.06. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. Research analysts anticipate that Service Co. International will post 3.84 EPS for the current fiscal year.

Service Co. International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.62%. This is an increase from Service Co. International’s previous quarterly dividend of $0.31. The ex-dividend date is Friday, March 14th. Service Co. International’s dividend payout ratio is presently 36.06%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SCI shares. Oppenheimer boosted their target price 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. StockNews.com raised shares of Service Co. International from a “sell” rating to a “hold” rating in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Service Co. International presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.50.

Insiders Place Their Bets

In other Service Co. International news, Director Tony Coelho sold 6,500 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $79.29, for a total value of $515,385.00. Following the completion of the sale, the director now directly owns 46,824 shares of the company’s stock, valued at approximately $3,712,674.96. This represents a 12.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Thomas L. Ryan sold 50,000 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $84.56, for a total transaction of $4,228,000.00. Following the completion of the transaction, the chief executive officer now owns 982,333 shares in the company, valued at approximately $83,066,078.48. The trade was a 4.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by insiders.

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.