10,000 Shares in Service Corporation International $SCI Purchased by Strive Asset Management LLC

Strive Asset Management LLC bought a new stake in shares of Service Corporation International (NYSE:SCI) in the third quarter, Holdings Channel reports. The fund bought 10,000 shares of the company’s stock, valued at approximately $832,000.

A number of other hedge funds also recently modified their holdings of SCI. Steigerwald Gordon & Koch Inc. purchased a new stake in Service Corporation International during the third quarter valued at about $33,000. Quent Capital LLC bought a new stake in shares of Service Corporation International in the third quarter valued at approximately $34,000. Root Financial Partners LLC purchased a new stake in shares of Service Corporation International during the 3rd quarter valued at approximately $34,000. Sentry Investment Management LLC purchased a new stake in shares of Service Corporation International during the 3rd quarter valued at approximately $46,000. Finally, Valeo Financial Advisors LLC bought a new position in Service Corporation International in the 2nd quarter worth approximately $203,000. Institutional investors own 85.53% of the company’s stock.

Service Corporation International Stock Performance

NYSE:SCI opened at $85.73 on Tuesday. The stock has a market cap of $11.94 billion, a P/E ratio of 22.56, a PEG ratio of 1.86 and a beta of 1.00. 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 business’s 50-day moving average price is $80.72 and its two-hundred day moving average price is $80.37. Service Corporation International has a twelve month low of $71.75 and a twelve month high of $86.67.

Service Corporation International (NYSE:SCI) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $1.14 earnings per share for the quarter, hitting the consensus estimate of $1.14. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Service Corporation International had a net margin of 12.59% and a return on equity of 34.21%. Service Corporation International’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.06 earnings per share. 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 disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.6%. This is an increase from Service Corporation International’s previous quarterly dividend of $0.32. Service Corporation International’s payout ratio is presently 35.79%.

Analysts Set New Price Targets

A number of brokerages have issued reports on SCI. Wall Street Zen cut shares of Service Corporation International from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Weiss Ratings upgraded Service Corporation International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 2nd. Finally, JPMorgan Chase & Co. started coverage on Service Corporation International in a report on Tuesday, January 20th. They set an “overweight” rating and a $110.00 price objective on the stock. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $96.50.

Insider Buying and Selling at Service Corporation International

In related news, VP Elisabeth G. Nash sold 42,400 shares of the stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $76.32, for a total value of $3,235,968.00. Following the transaction, the vice president owned 110,006 shares of the company’s stock, valued at $8,395,657.92. This represents a 27.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Tammy R. Moore sold 5,000 shares of Service Corporation International stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $80.48, for a total value of $402,400.00. Following the sale, the chief accounting officer directly owned 21,654 shares of the company’s stock, valued at approximately $1,742,713.92. This trade represents a 18.76% decrease in their position. The disclosure for this sale is available in the SEC filing. 4.40% of the stock is currently owned by insiders.

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.