Diversified Trust Co Purchases New Position in Service Co. International (NYSE:SCI)


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Diversified Trust Co purchased a new stake in shares of Service Co. International (NYSE:SCI) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 4,302 shares of the company’s stock, valued at approximately $211,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in SCI. NEXT Financial Group Inc purchased a new position in shares of Service Co. International during the third quarter valued at about $32,000. Canton Hathaway LLC purchased a new position in shares of Service Co. International during the third quarter valued at about $60,000. Marshall Wace LLP purchased a new position in shares of Service Co. International during the first quarter valued at about $60,000. Cerebellum GP LLC increased its position in shares of Service Co. International by 3,622.5% during the third quarter. Cerebellum GP LLC now owns 1,489 shares of the company’s stock valued at $63,000 after buying an additional 1,449 shares during the period. Finally, Nachman Norwood & Parrott Inc purchased a new position in shares of Service Co. International during the third quarter valued at about $65,000. Institutional investors own 85.46% of the company’s stock.

Shares of NYSE SCI opened at $49.70 on Thursday. The firm’s 50 day moving average price is $49.31 and its 200-day moving average price is $45.27. The company has a market cap of $8.59 billion, a PE ratio of 22.49, a P/E/G ratio of 2.03 and a beta of 0.76. Service Co. International has a 52-week low of $33.93 and a 52-week high of $52.99. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.59 and a current ratio of 0.63.

Service Co. International (NYSE:SCI) last issued its earnings results on Wednesday, October 28th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.36. The firm had revenue of $918.24 million for the quarter, compared to the consensus estimate of $801.00 million. Service Co. International had a net margin of 12.50% and a return on equity of 20.42%. During the same quarter in the prior year, the firm posted $0.37 earnings per share. On average, analysts forecast that Service Co. International will post 2.02 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 30th. Stockholders of record on Tuesday, December 15th were paid a $0.21 dividend. The ex-dividend date of this dividend was Monday, December 14th. This represents a $0.84 annualized dividend and a dividend yield of 1.69%. Service Co. International’s dividend payout ratio is presently 44.21%.

In other news, VP Steven A. Tidwell sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, November 16th. The shares were sold at an average price of $50.26, for a total transaction of $1,256,500.00. Following the completion of the transaction, the vice president now directly owns 70,054 shares of the company’s stock, valued at $3,520,914.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Elisabeth G. Nash sold 46,700 shares of the business’s stock in a transaction that occurred on Thursday, December 10th. The shares were sold at an average price of $49.13, for a total transaction of $2,294,371.00. Following the transaction, the vice president now directly owns 168,134 shares of the company’s stock, valued at $8,260,423.42. The disclosure for this sale can be found here. In the last quarter, insiders sold 220,616 shares of company stock worth $11,036,920. Insiders own 4.70% of the company’s stock.

Several equities analysts recently issued reports on the stock. Credit Suisse Group boosted their price target on shares of Service Co. International from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Monday, November 2nd. Zacks Investment Research lowered shares of Service Co. International from a “strong-buy” rating to a “hold” rating and set a $51.00 price objective on the stock. in a research note on Tuesday, January 5th. Raymond James boosted their price objective on shares of Service Co. International from $50.00 to $53.00 and gave the stock an “outperform” rating in a research note on Friday, October 30th. Finally, ValuEngine lowered shares of Service Co. International from a “hold” rating to a “sell” rating in a research note on Tuesday, November 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. Service Co. International presently has a consensus rating of “Buy” and a consensus price target of $49.71.

Service Co. International Profile

Service Corporation International provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses.

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Institutional Ownership by Quarter for Service Co. International (NYSE:SCI)

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