Service Corporation International $SCI Shares Purchased by Neo Ivy Capital Management

Neo Ivy Capital Management raised its position in shares of Service Corporation International (NYSE:SCI) by 2,203.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,536 shares of the company’s stock after purchasing an additional 9,122 shares during the quarter. Neo Ivy Capital Management’s holdings in Service Corporation International were worth $794,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Service Corporation International in the 3rd quarter worth $33,000. Root Financial Partners LLC bought a new position in Service Corporation International during the third quarter valued at about $34,000. Quent Capital LLC acquired a new position in Service Corporation International during the third quarter worth about $34,000. Sentry Investment Management LLC acquired a new position in Service Corporation International during the third quarter worth about $46,000. Finally, Longboard Asset Management LP bought a new stake in Service Corporation International in the third quarter worth about $204,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SCI has been the subject of a number of research analyst reports. Weiss Ratings raised shares of Service Corporation International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 2nd. JPMorgan Chase & Co. assumed coverage on shares of Service Corporation International in a research note on Tuesday, January 20th. They issued an “overweight” rating and a $110.00 price objective on the stock. Finally, Wall Street Zen downgraded shares of Service Corporation International from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $96.50.

Service Corporation International Stock Performance

SCI opened at $81.69 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.55 and a debt-to-equity ratio of 3.10. The firm has a market cap of $11.37 billion, a PE ratio of 21.50, a P/E/G ratio of 1.80 and a beta of 1.00. The business has a fifty day simple moving average of $81.08 and a 200-day simple moving average of $80.42. Service Corporation International has a fifty-two week low of $71.75 and a fifty-two week high of $86.67.

Service Corporation International (NYSE:SCI) last announced its earnings results on Wednesday, February 11th. The company reported $1.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.14. Service Corporation International had a return on equity of 34.21% and a net margin of 12.59%.The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the previous year, the firm earned $1.06 earnings per share. Service Corporation International’s revenue for the quarter was up 1.7% compared to the same quarter last year. As a group, equities analysts predict that Service Corporation International will post 3.84 EPS for the current fiscal year.

Service Corporation International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.36 dividend on an annualized basis and a yield of 1.7%. This is an increase from Service Corporation International’s previous quarterly dividend of $0.32. Service Corporation International’s dividend payout ratio (DPR) is 35.79%.

Insider Transactions at Service Corporation International

In other Service Corporation International news, CAO Tammy R. Moore sold 5,000 shares of the business’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $80.48, for a total transaction of $402,400.00. Following the sale, the chief accounting officer owned 21,654 shares in the company, valued at approximately $1,742,713.92. The trade was a 18.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.40% of the company’s stock.

Service Corporation International Profile

Service Corporation International (NYSE: SCI) is a leading provider of funeral, cremation and cemetery services in North America. Through its network of funeral homes, cemeteries, memorial parks and crematoria, the company offers a broad array of end-of-life services, including traditional funeral ceremonies, memorialization, burial and cremation. In addition to core services, SCI provides grief counseling, pre-need planning and merchandise such as caskets, vaults, urns and memorialization products.

Headquartered in Houston, Texas, Service Corporation International operates more than 1,900 funeral homes, over 450 cemeteries and 40 combination facilities across the United States and Canada.