FIL Ltd sells 365,488 shares of Service Co. International (NYSE:SCI)

FIL Ltd has sold its stake in Service Co. International (NYSE:SCI – Free Report) fell 8.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,171,082 shares of the company after selling 365,488 shares during the period. FIL Ltd owned 2.86% of Service Co. International worth $285,511,000, according to the most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of SCI. Norges Bank bought a new position in Service Co in the 4th quarter. International worth approximately $92,331,000. GW&K Investment Management LLC bought a new stake in shares of Service Co during the 4th quarter. International worth $22,890,000. Corient Private Wealth LLC increased its position in shares of Service Co. International by 2,178.3% during the 4th quarter. Corient Private Wealth LLC now owns 234,484 shares of the company’s stock valued at $16,050,000 after acquiring an additional 224,192 shares during the last quarter. Qube Research & Technologies Ltd increased its position in Service Co shares. International by 47.7% during the third quarter. Qube Research & Technologies Ltd now owns 608,961 shares of the company’s stock valued at $34,796,000 after acquiring an additional 196,739 shares during the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of Service Co during the third quarter. International with 163.7%. Hsbc Holdings PLC now owns 309,490 shares of the company’s stock valued at $17,792,000 after acquiring an additional 192,119 shares during the last quarter. Institutional investors own 85.53% of the company’s shares.

Service Co. International price performance

Shares of SCI stock opened at $72.43 on Friday. Service Co. International has a 12-month low of $52.89 and a 12-month high of $75.97. The company has a market cap of $10.55 billion, a price-to-earnings ratio of 20.81, a price-to-earnings growth ratio of 1.97 and a beta of 0.85. The company has a quick ratio of 0.57, a current ratio of 0.62 and a debt-to-equity ratio of 2.90. The company has a fifty-day moving average of $70.58 and a 200-day moving average of $69.92.

Service Co. International (NYSE:SCI – Get Free Report) last reported its quarterly results on Wednesday, May 1. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.04. Service Co. International had a net margin of 12.73% and a return on equity of 32.23%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter of the previous year, the company earned earnings per share of $0.93. The company’s revenue rose 1.6% year over year. On average, equity research analysts predict that Service Co. International will post earnings per share of 3.66 for the current year.

Service Co. International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28. Investors of record on Friday, June 14 will receive a $0.30 dividend. This represents a dividend of $1.20 annually and a yield of 1.66%. The ex-dividend date is Friday, June 14. Service Co.’s payout ratio International currently stands at 34.48%.

Buying and selling with insider information

In related news, Director Victor L. Lund sold 7,606 shares of the company’s stock in a transaction on Monday, April 15. The shares sold at an average price of $70.00, for a total value of $532,420.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Victor L. Lund sold 1,011 shares of the company’s stock in a transaction on Friday, April 12. The shares sold at an average price of $70.00, for a total value of $70,770.00. Following the completion of the transaction, the director now directly owns 7,606 shares of the company’s stock, valued at approximately $532,420. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Victor L. Lund sold 7,606 shares of the company’s stock in a transaction dated Monday, April 15. The shares sold at an average price of $70.00, for a total transaction of $532,420.00. The explanation of this sale can be found here. Company insiders own 5.10% of the company’s shares.

Changes in analyst ratings

SCI has been the subject of several recent research reports. UBS Group raised its price target on Service Co shares. International from $83.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, May 17. Oppenheimer raised his price target on Service Co. shares. International from $76.00 to $79.00 and gave the company an “outperform” rating in a research report on Wednesday, May 22. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Service Co. International currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.80.

Check out our latest report on SCI

International profile of Service Co

(Free report)

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

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Institutional ownership per quarter for Service Co.  International (NYSE:SCI)

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