16,151 Shares in Service Co. International (NYSE:SCI) Bought by AGF Investments LLC

AGF Investments LLC bought a new position in Service Co. International (NYSE:SCI) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 16,151 shares of the company’s stock, valued at approximately $632,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SCI. Marshall Wace LLP bought a new stake in shares of Service Co. International during the 1st quarter valued at about $60,000. Amundi Pioneer Asset Management Inc. lifted its stake in shares of Service Co. International by 19.7% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 241,785 shares of the company’s stock worth $9,708,000 after acquiring an additional 39,785 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in shares of Service Co. International by 63.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,196 shares of the company’s stock worth $331,000 after acquiring an additional 2,801 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Service Co. International by 8.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,287 shares of the company’s stock worth $566,000 after acquiring an additional 996 shares during the period. Finally, Advisor Partners LLC bought a new stake in shares of Service Co. International in the 4th quarter worth approximately $210,000. 87.24% of the stock is owned by institutional investors.

A number of research firms recently commented on SCI. Zacks Investment Research upgraded shares of Service Co. International from a “sell” rating to a “hold” rating and set a $56.00 target price on the stock in a report on Thursday, March 5th. Citigroup boosted their target price on shares of Service Co. International from $47.00 to $53.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. CSFB dropped their target price on shares of Service Co. International from $46.00 to $43.00 and set an “outperform” rating on the stock in a report on Thursday, April 30th. Credit Suisse Group dropped their target price on shares of Service Co. International from $46.00 to $43.00 and set an “outperform” rating on the stock in a report on Thursday, April 30th. Finally, S&P Equity Research dropped their target price on shares of Service Co. International from $53.00 to $47.00 and set an “outperform” rating on the stock in a report on Tuesday, March 31st. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Service Co. International has a consensus rating of “Buy” and a consensus target price of $48.07.

SCI stock opened at $38.32 on Friday. Service Co. International has a 52-week low of $33.93 and a 52-week high of $52.89. The company’s 50 day simple moving average is $37.55 and its 200-day simple moving average is $43.80. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.61 and a quick ratio of 0.56. The firm has a market capitalization of $6.86 billion, a P/E ratio of 20.59, a P/E/G ratio of 2.25 and a beta of 0.70.

Service Co. International (NYSE:SCI) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.03). Service Co. International had a net margin of 11.50% and a return on equity of 19.44%. The firm had revenue of $803.00 million for the quarter, compared to analyst estimates of $792.55 million. During the same quarter in the prior year, the firm earned $0.47 EPS. The firm’s revenue was up .6% compared to the same quarter last year. Sell-side analysts predict that Service Co. International will post 1.58 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $0.76 annualized dividend and a yield of 1.98%. Service Co. International’s dividend payout ratio is presently 40.00%.

In other Service Co. International news, COO Sumner J. Waring III sold 86,522 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $51.12, for a total value of $4,423,004.64. Following the transaction, the chief operating officer now owns 418,951 shares in the company, valued at approximately $21,416,775.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Steven A. Tidwell sold 55,200 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $52.04, for a total transaction of $2,872,608.00. Following the completion of the transaction, the vice president now owns 47,912 shares in the company, valued at approximately $2,493,340.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 186,972 shares of company stock worth $9,650,605. Company insiders own 4.70% of the company’s stock.

About Service Co. International

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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