Mirabaud Asset Management Ltd Sells 1,736 Shares of Service Co. International (NYSE:SCI)

Mirabaud Asset Management Ltd lowered its position in Service Co. International (NYSE:SCI) by 9.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,891 shares of the company’s stock after selling 1,736 shares during the quarter. Mirabaud Asset Management Ltd’s holdings in Service Co. International were worth $1,348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. M&T Bank Corp boosted its stake in shares of Service Co. International by 1.1% in the 3rd quarter. M&T Bank Corp now owns 11,248 shares of the company’s stock valued at $888,000 after purchasing an additional 123 shares in the last quarter. Cornerstone Investment Partners LLC lifted its stake in Service Co. International by 3.8% in the fourth quarter. Cornerstone Investment Partners LLC now owns 3,587 shares of the company’s stock worth $286,000 after purchasing an additional 131 shares during the last quarter. CIBC Asset Management Inc boosted its position in Service Co. International by 2.7% during the fourth quarter. CIBC Asset Management Inc now owns 5,167 shares of the company’s stock valued at $412,000 after buying an additional 138 shares during the period. Steward Partners Investment Advisory LLC grew its stake in shares of Service Co. International by 5.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,438 shares of the company’s stock valued at $354,000 after buying an additional 212 shares during the last quarter. Finally, Stanley Laman Group Ltd. increased its holdings in shares of Service Co. International by 0.5% in the fourth quarter. Stanley Laman Group Ltd. now owns 40,098 shares of the company’s stock worth $3,201,000 after buying an additional 214 shares during the period. 85.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SCI has been the subject of several analyst reports. Oppenheimer increased their target price on Service Co. International from $86.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, December 13th. StockNews.com raised Service Co. International from a “sell” rating to a “hold” rating in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average 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 that occurred on Wednesday, March 5th. The stock was sold at an average price of $79.29, for a total transaction of $515,385.00. Following the transaction, the director now owns 46,824 shares in the company, valued at approximately $3,712,674.96. This represents a 12.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas L. Ryan sold 50,000 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $84.56, for a total value of $4,228,000.00. Following the completion of the transaction, the chief executive officer now directly owns 982,333 shares of the company’s stock, valued at $83,066,078.48. This represents a 4.84 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.10% of the company’s stock.

Service Co. International Stock Performance

Service Co. International stock opened at $77.06 on Friday. Service Co. International has a 1-year low of $67.19 and a 1-year high of $89.37. The firm has a market cap of $11.10 billion, a P/E ratio of 21.71, a P/E/G ratio of 1.90 and a beta of 0.81. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.83. The firm has a 50-day moving average of $79.19 and a 200-day moving average of $80.22.

Service Co. International (NYSE:SCI) last released 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 return on equity of 32.18% and a net margin of 12.39%. Sell-side analysts expect that Service Co. International will post 3.84 EPS for the current year.

Service Co. International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.32 per share. This is an increase from Service Co. International’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Friday, March 14th. Service Co. International’s payout ratio is presently 36.06%.

About Service Co. 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.