Service Co. International (NYSE:SCI) Shares Sold by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp trimmed its stake in shares of Service Co. International (NYSE:SCI) by 24.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,641 shares of the company’s stock after selling 3,093 shares during the period. Alaska Permanent Fund Corp’s holdings in Service Co. International were worth $660,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of SCI. Private Advisor Group LLC lifted its position in shares of Service Co. International by 2.1% in the third quarter. Private Advisor Group LLC now owns 9,318 shares of the company’s stock valued at $532,000 after acquiring an additional 188 shares in the last quarter. HBK Sorce Advisory LLC lifted its position in Service Co. International by 2.0% during the third quarter. HBK Sorce Advisory LLC now owns 11,821 shares of the company’s stock worth $675,000 after buying an additional 230 shares in the last quarter. Arizona State Retirement System boosted its stake in Service Co. International by 0.6% during the third quarter. Arizona State Retirement System now owns 43,262 shares of the company’s stock worth $2,472,000 after buying an additional 239 shares during the last quarter. Steph & Co. boosted its stake in Service Co. International by 14.6% during the third quarter. Steph & Co. now owns 2,307 shares of the company’s stock worth $132,000 after buying an additional 294 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in Service Co. International by 1.5% during the third quarter. Oppenheimer & Co. Inc. now owns 20,319 shares of the company’s stock worth $1,161,000 after buying an additional 294 shares during the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on SCI. UBS Group lifted their target price on Service Co. International from $72.00 to $79.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Oppenheimer boosted their price objective on Service Co. International from $71.00 to $76.00 and gave the company an “outperform” rating in a report on Friday, February 16th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.00.

Service Co. International Trading Down 0.9 %

SCI opened at $70.83 on Friday. Service Co. International has a 12 month low of $52.89 and a 12 month high of $75.97. The stock has a market capitalization of $10.38 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 1.95 and a beta of 0.81. The company has a debt-to-equity ratio of 3.02, a current ratio of 0.67 and a quick ratio of 0.62. The business has a fifty day moving average price of $72.33 and a 200 day moving average price of $66.52.

Service Co. International (NYSE:SCI) last released its earnings results on Tuesday, February 13th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.91 by $0.02. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Service Co. International had a return on equity of 32.88% and a net margin of 13.11%. Service Co. International’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.92 EPS. Sell-side analysts expect that Service Co. International will post 3.62 earnings per share for the current fiscal year.

Service Co. International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $0.30 dividend. The ex-dividend date was Thursday, March 14th. This is a boost from Service Co. International’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.69%. Service Co. International’s dividend payout ratio is 32.95%.

Insider Activity at Service Co. International

In related news, CEO Thomas L. Ryan sold 16,580 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $72.20, for a total value of $1,197,076.00. Following the completion of the sale, the chief executive officer now directly owns 988,365 shares of the company’s stock, valued at approximately $71,359,953. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director W Blair Waltrip sold 6,150 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $74.38, for a total transaction of $457,437.00. Following the completion of the transaction, the director now directly owns 597,948 shares of the company’s stock, valued at approximately $44,475,372.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Thomas L. Ryan sold 16,580 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $72.20, for a total value of $1,197,076.00. Following the completion of the transaction, the chief executive officer now directly owns 988,365 shares of the company’s stock, valued at $71,359,953. The disclosure for this sale can be found here. Insiders sold a total of 202,675 shares of company stock valued at $15,066,906 in the last three months. 5.10% of the stock is currently owned by company insiders.

Service Co. International Company Profile

Service Corporation International provides deathcare products and services in the United States and Canada. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses. The company also provides professional services related to funerals and cremations, including the use of funeral home facilities and motor vehicles; arranging and directing services; and removal, preparation, embalming, cremation, memorialization, and travel protection, as well as catering services.