Fmr LLC Decreases Stock Holdings in Service Co. International (NYSE:SCI)

FMR LLC reduced its stake in shares of Service Co. International (NYSE:SCI) by 38.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,265,662 shares of the company’s stock after selling 2,055,918 shares during the period. FMR LLC owned 1.79% of Service Co. International worth $131,116,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Service Co. International by 0.7% during the 4th quarter. BlackRock Inc. now owns 17,254,187 shares of the company’s stock valued at $694,655,000 after acquiring an additional 117,664 shares in the last quarter. Vanguard Group Inc raised its position in Service Co. International by 0.7% in the third quarter. Vanguard Group Inc now owns 15,776,201 shares of the company’s stock worth $697,308,000 after purchasing an additional 113,245 shares in the last quarter. Baillie Gifford & Co. raised its position in Service Co. International by 47.0% in the fourth quarter. Baillie Gifford & Co. now owns 11,940,093 shares of the company’s stock worth $480,708,000 after purchasing an additional 3,819,041 shares in the last quarter. First Manhattan Co. raised its position in Service Co. International by 11.3% in the first quarter. First Manhattan Co. now owns 4,559,451 shares of the company’s stock worth $183,062,000 after purchasing an additional 464,406 shares in the last quarter. Finally, FIL Ltd raised its position in Service Co. International by 0.3% in the first quarter. FIL Ltd now owns 3,042,436 shares of the company’s stock worth $122,153,000 after purchasing an additional 8,197 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

In related news, CEO Thomas L. Ryan sold 100,000 shares of the firm’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $43.83, for a total value of $4,383,000.00. Following the completion of the transaction, the chief executive officer now owns 1,122,809 shares of the company’s stock, valued at $49,212,718.47. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Thomas L. Ryan sold 40,000 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $46.05, for a total transaction of $1,842,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,062,809 shares of the company’s stock, valued at approximately $48,942,354.45. The disclosure for this sale can be found here. Over the last quarter, insiders sold 409,287 shares of company stock worth $17,844,533. Company insiders own 5.50% of the company’s stock.

Several research firms recently issued reports on SCI. Zacks Investment Research lowered shares of GenMark Diagnostics from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. ValuEngine cut shares of Yext from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 10th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $46.75.

Shares of SCI traded up $0.42 during mid-day trading on Thursday, hitting $47.36. 275,125 shares of the company traded hands, compared to its average volume of 1,037,467. Service Co. International has a one year low of $37.03 and a one year high of $47.87. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.48 and a quick ratio of 0.44. The business has a 50-day simple moving average of $46.09. The stock has a market capitalization of $8.63 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 2.17 and a beta of 0.92.

Service Co. International (NYSE:SCI) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.06. Service Co. International had a net margin of 13.92% and a return on equity of 21.13%. The firm had revenue of $798.20 million for the quarter, compared to analysts’ expectations of $791.85 million. During the same period last year, the firm earned $0.47 earnings per share. The business’s revenue for the quarter was up .5% on a year-over-year basis. As a group, analysts anticipate that Service Co. International will post 1.95 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $0.18 dividend. The ex-dividend date was Thursday, June 13th. This represents a $0.72 annualized dividend and a yield of 1.52%. Service Co. International’s dividend payout ratio (DPR) is presently 40.22%.

Service Co. International Company 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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