Public Employees Retirement System of Ohio boosted its holdings in shares of Service Co. International (NYSE:SCI) by 3.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 563,881 shares of the company’s stock after buying an additional 19,559 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Service Co. International were worth $20,181,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Fort L.P. purchased a new position in shares of Service Co. International during the 2nd quarter valued at approximately $120,000. Hirtle Callaghan & Co LLC purchased a new position in shares of Service Co. International during the 2nd quarter valued at approximately $161,000. Cerebellum GP LLC purchased a new position in shares of Service Co. International during the 2nd quarter valued at approximately $176,000. TLP Group LLC increased its holdings in shares of Service Co. International by 46,069.2% during the 1st quarter. TLP Group LLC now owns 6,002 shares of the company’s stock valued at $227,000 after purchasing an additional 5,989 shares in the last quarter. Finally, AMP Capital Investors Ltd purchased a new position in shares of Service Co. International during the 2nd quarter valued at approximately $243,000. 85.56% of the stock is owned by institutional investors.

In related news, Director W Blair Waltrip sold 50,000 shares of Service Co. International stock in a transaction on Monday, August 27th. The shares were sold at an average price of $42.50, for a total value of $2,125,000.00. Following the sale, the director now owns 616,244 shares of the company’s stock, valued at approximately $26,190,370. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Steven A. Tidwell sold 32,150 shares of Service Co. International stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $41.80, for a total transaction of $1,343,870.00. Following the completion of the sale, the vice president now directly owns 78,747 shares in the company, valued at approximately $3,291,624.60. The disclosure for this sale can be found here. Insiders sold a total of 845,985 shares of company stock worth $33,859,909 in the last three months. 6.20% of the stock is owned by corporate insiders.

Several equities analysts have recently weighed in on SCI shares. Zacks Investment Research raised shares of Service Co. International from a “sell” rating to a “hold” rating in a report on Thursday, June 14th. Credit Suisse Group lifted their target price on shares of Service Co. International from $46.00 to $50.00 and gave the company an “outperform” rating in a report on Monday, September 17th. Finally, ValuEngine raised shares of Service Co. International from a “hold” rating to a “buy” rating in a report on Monday, September 17th. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $45.00.

NYSE:SCI opened at $43.94 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.56 and a debt-to-equity ratio of 2.37. The company has a market cap of $7.92 billion, a PE ratio of 25.25, a PEG ratio of 1.91 and a beta of 0.97. Service Co. International has a 1-year low of $33.16 and a 1-year high of $44.21.

Service Co. International (NYSE:SCI) last posted its earnings results on Monday, July 30th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. The firm had revenue of $796.09 million during the quarter, compared to analyst estimates of $792.56 million. Service Co. International had a net margin of 15.59% and a return on equity of 23.37%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 EPS. analysts expect that Service Co. International will post 1.85 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be paid a $0.18 dividend. The ex-dividend date is Thursday, September 13th. This represents a $0.72 dividend on an annualized basis and a yield of 1.64%. This is a boost from Service Co. International’s previous quarterly dividend of $0.17. Service Co. International’s dividend payout ratio (DPR) is currently 43.87%.

Service Co. International Profile

Service Corporation International provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses.

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

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