Service Co. International (NYSE:SCI) Stake Raised by Commerce Bank

Commerce Bank boosted its stake in shares of Service Co. International (NYSE:SCI) by 0.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 169,397 shares of the company’s stock after buying an additional 1,164 shares during the period. Commerce Bank owned about 0.10% of Service Co. International worth $6,624,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Alliancebernstein L.P. raised its holdings in Service Co. International by 6.6% during the 4th quarter. Alliancebernstein L.P. now owns 7,682,982 shares of the company’s stock worth $353,648,000 after buying an additional 472,545 shares during the period. FIL Ltd raised its holdings in Service Co. International by 17.1% during the 4th quarter. FIL Ltd now owns 3,946,167 shares of the company’s stock worth $181,642,000 after buying an additional 576,834 shares during the period. Handelsbanken Fonder AB raised its holdings in Service Co. International by 13.9% during the 4th quarter. Handelsbanken Fonder AB now owns 3,138,665 shares of the company’s stock worth $144,473,000 after buying an additional 383,440 shares during the period. FMR LLC raised its holdings in Service Co. International by 7.4% during the 4th quarter. FMR LLC now owns 2,941,188 shares of the company’s stock worth $135,384,000 after buying an additional 203,900 shares during the period. Finally, Sarasin & Partners LLP raised its holdings in Service Co. International by 3.1% during the 1st quarter. Sarasin & Partners LLP now owns 2,786,409 shares of the company’s stock worth $108,976,000 after buying an additional 84,570 shares during the period. Hedge funds and other institutional investors own 87.24% of the company’s stock.

A number of brokerages have recently weighed in on SCI. CSFB dropped their target price on Service Co. International from $46.00 to $43.00 and set an “outperform” rating on the stock in a report on Thursday, April 30th. Oppenheimer dropped their target price on Service Co. International from $53.00 to $47.00 and set an “outperform” rating on the stock in a report on Tuesday, March 31st. Citigroup upped their target price on Service Co. International from $47.00 to $53.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Raymond James reiterated an “outperform” rating and issued a $47.50 target price (down previously from $58.00) on shares of Service Co. International in a report on Tuesday, April 21st. Finally, Credit Suisse Group dropped their target price on Service Co. International from $46.00 to $43.00 and set an “outperform” rating on the stock in a report on Thursday, April 30th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Service Co. International presently has an average rating of “Buy” and a consensus price target of $48.07.

Shares of NYSE SCI opened at $38.32 on Friday. The stock has a market cap of $6.86 billion, a price-to-earnings ratio of 20.59, a PEG ratio of 2.25 and a beta of 0.70. The business has a 50 day simple moving average of $37.55 and a 200 day simple moving average of $43.80. Service Co. International has a 52 week low of $33.93 and a 52 week high of $52.89. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.56 and a current ratio of 0.61.

Service Co. International (NYSE:SCI) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.03). The firm had revenue of $803.00 million during the quarter, compared to the consensus estimate of $792.55 million. Service Co. International had a net margin of 11.50% and a return on equity of 19.44%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.47 EPS. On average, analysts predict that Service Co. International will post 1.58 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors 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 dividend yield of 1.98%. Service Co. International’s payout ratio is 40.00%.

In other Service Co. International news, VP Steven A. Tidwell sold 55,200 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $52.04, for a total transaction of $2,872,608.00. Following the completion of the sale, the vice president now owns 47,912 shares of the company’s stock, valued at $2,493,340.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP John H. Faulk sold 43,250 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $52.09, for a total value of $2,252,892.50. Following the sale, the senior vice president now directly owns 60,888 shares of the company’s stock, valued at approximately $3,171,655.92. The disclosure for this sale can be found here. In the last three months, insiders sold 186,972 shares of company stock valued at $9,650,605. 4.70% of the stock is currently owned by company insiders.

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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