Service Corporation International $SCI Holdings Lowered by Boston Trust Walden Corp

Boston Trust Walden Corp reduced its holdings in shares of Service Corporation International (NYSE:SCI) by 2.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 600,294 shares of the company’s stock after selling 13,199 shares during the quarter. Boston Trust Walden Corp’s holdings in Service Corporation International were worth $45,712,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SCI. Root Financial Partners LLC increased its stake in shares of Service Corporation International by 35.7% in the first quarter. Root Financial Partners LLC now owns 612 shares of the company’s stock worth $50,000 after buying an additional 161 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Service Corporation International by 5.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,527 shares of the company’s stock valued at $573,000 after acquiring an additional 361 shares during the last quarter. GAMMA Investing LLC boosted its stake in Service Corporation International by 20.0% during the 3rd quarter. GAMMA Investing LLC now owns 3,204 shares of the company’s stock valued at $244,000 after acquiring an additional 533 shares during the last quarter. CX Institutional grew its holdings in Service Corporation International by 7.3% during the 3rd quarter. CX Institutional now owns 12,345 shares of the company’s stock worth $940,000 after acquiring an additional 838 shares in the last quarter. Finally, Peterson Wealth Services increased its position in shares of Service Corporation International by 10.5% in the 3rd quarter. Peterson Wealth Services now owns 17,011 shares of the company’s stock worth $1,295,000 after purchasing an additional 1,619 shares during the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Service Corporation International Stock Up 2.6%

Shares of Service Corporation International stock opened at $77.10 on Thursday. The company has a debt-to-equity ratio of 3.16, a current ratio of 0.40 and a quick ratio of 0.36. The firm has a market cap of $10.48 billion, a price-to-earnings ratio of 19.13, a P/E/G ratio of 1.89 and a beta of 0.77. Service Corporation International has a 52-week low of $68.41 and a 52-week high of $90.99. The stock has a 50-day simple moving average of $79.56 and a 200-day simple moving average of $79.91.

Service Corporation International (NYSE:SCI) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.02). The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. Service Corporation International had a net margin of 12.70% and a return on equity of 34.96%. The business’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.87 EPS. On average, equities research analysts expect that Service Corporation International will post 4.00 earnings per share for the current fiscal year.

Service Corporation International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be given a dividend of $0.36 per share. The ex-dividend date is Tuesday, December 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.9%. Service Corporation International’s payout ratio is currently 35.73%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Weiss Ratings raised shares of Service Corporation International from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, October 21st. JPMorgan Chase & Co. decreased their target price on shares of Service Corporation International from $100.00 to $95.00 and set an “overweight” rating for the company in a research report on Friday, October 30th. Wall Street Zen lowered Service Corporation International from a “hold” rating to a “sell” rating in a report on Saturday, October 31st. Finally, UBS Group decreased their price target on shares of Service Corporation International from $105.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, October 30th. Four equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Service Corporation International has an average rating of “Buy” and a consensus target price of $95.67.

Service Corporation International Profile

Service Corporation International (NYSE:SCI) is a Houston-based provider of funeral, cremation and cemetery services. The company operates funeral homes, cemeteries and cremation facilities, offering arrangements for traditional funerals, memorial services and cremations, as well as cemetery property, burial services and related merchandise.

SCI serves families primarily in the United States and Canada through a network of locations and a portfolio of brands that includes Dignity Memorial, Funeraria del Angel and Neptune Society.