Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Service Co. International (NYSE:SCI) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 209,121 shares of the company’s stock, valued at approximately $7,214,000. Cornerstone Capital Management Holdings LLC. owned about 0.11% of Service Co. International at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp lifted its position in shares of Service Co. International by 0.4% in the 2nd quarter. State Street Corp now owns 4,961,421 shares of the company’s stock worth $165,957,000 after buying an additional 20,669 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Service Co. International by 3.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,511,714 shares of the company’s stock worth $52,154,000 after buying an additional 44,045 shares during the last quarter. Turtle Creek Asset Management Inc. lifted its position in shares of Service Co. International by 37.3% in the 3rd quarter. Turtle Creek Asset Management Inc. now owns 1,365,250 shares of the company’s stock worth $47,101,000 after buying an additional 371,250 shares during the last quarter. Macquarie Group Ltd. lifted its position in shares of Service Co. International by 6.4% in the 3rd quarter. Macquarie Group Ltd. now owns 1,322,878 shares of the company’s stock worth $45,640,000 after buying an additional 79,616 shares during the last quarter. Finally, Rothschild Asset Management Inc. lifted its position in shares of Service Co. International by 58.5% in the 3rd quarter. Rothschild Asset Management Inc. now owns 834,092 shares of the company’s stock worth $28,776,000 after buying an additional 307,915 shares during the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

A number of research firms have recently issued reports on SCI. Zacks Investment Research upgraded shares of Service Co. International from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Tuesday, September 12th. Credit Suisse Group restated an “outperform” rating and issued a $40.00 price target (up from $38.00) on shares of Service Co. International in a research report on Friday, November 3rd. Finally, Oppenheimer restated a “buy” rating and issued a $39.00 price target on shares of Service Co. International in a research report on Tuesday, September 26th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $39.75.

In related news, insider R L. Waltrip sold 84,679 shares of Service Co. International stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $37.90, for a total value of $3,209,334.10. Following the sale, the insider now directly owns 765,762 shares in the company, valued at approximately $29,022,379.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Elisabeth G. Nash sold 47,000 shares of Service Co. International stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $35.64, for a total transaction of $1,675,080.00. Following the completion of the sale, the vice president now owns 164,441 shares in the company, valued at $5,860,677.24. The disclosure for this sale can be found here. Company insiders own 6.20% of the company’s stock.

Service Co. International (SCI) traded down $0.56 during trading on Thursday, hitting $37.44. 769,800 shares of the stock were exchanged, compared to its average volume of 1,057,440. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.65 and a current ratio of 0.70. Service Co. International has a one year low of $26.75 and a one year high of $38.10. The company has a market cap of $7,123.87, a P/E ratio of 24.84, a P/E/G ratio of 2.18 and a beta of 0.96.

Service Co. International (NYSE:SCI) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.06. Service Co. International had a net margin of 11.83% and a return on equity of 24.85%. The company had revenue of $731.30 million for the quarter, compared to the consensus estimate of $735.62 million. During the same period last year, the firm posted $0.26 EPS. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. equities analysts expect that Service Co. International will post 1.51 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Wednesday, November 15th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.60 annualized dividend and a yield of 1.60%. Service Co. International’s dividend payout ratio is presently 31.58%.

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About Service Co. International

Service Corporation International is a provider of deathcare products and services, with a network of funeral service locations and cemeteries. The Company’s segments include Funeral, Cemetery and Corporate. It conducts both funeral and cemetery operations in the United States and Canada. As December 31, 2016, it operated 1,502 funeral service locations and 470 cemeteries, including 281 funeral service/cemetery combination locations, which are geographically diversified across 45 states, eight Canadian provinces, the District of Columbia, and Puerto Rico.

Institutional Ownership by Quarter for Service Co. International (NYSE:SCI)

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