Public Employees Retirement System of Ohio Has $23.41 Million Holdings in Service Co. International (SCI)
Public Employees Retirement System of Ohio raised its position in shares of Service Co. International (NYSE:SCI) by 10.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 678,441 shares of the company’s stock after buying an additional 63,444 shares during the period. Public Employees Retirement System of Ohio owned about 0.36% of Service Co. International worth $23,406,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in SCI. State Street Corp raised its holdings in 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 purchasing an additional 20,669 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in 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 purchasing an additional 44,045 shares in the last quarter. Turtle Creek Asset Management Inc. raised its holdings in 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 purchasing an additional 371,250 shares in the last quarter. Macquarie Group Ltd. raised its holdings in 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 purchasing an additional 79,616 shares in the last quarter. Finally, Rothschild Asset Management Inc. raised its holdings in 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 purchasing an additional 307,915 shares in the last quarter. 84.46% of the stock is owned by institutional investors and hedge funds.
Service Co. International (SCI) opened at $36.83 on Friday. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.70 and a quick ratio of 0.65. The stock has a market cap of $6,904.52, a PE ratio of 24.07, a P/E/G ratio of 2.11 and a beta of 0.96. Service Co. International has a 12 month low of $27.18 and a 12 month high of $38.10.
Service Co. International (NYSE:SCI) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.06. The company had revenue of $731.30 million during the quarter, compared to analyst estimates of $735.62 million. Service Co. International had a net margin of 11.83% and a return on equity of 24.85%. Service Co. International’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the business earned $0.26 EPS. analysts anticipate that Service Co. International will post 1.51 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Wednesday, November 15th will be paid a $0.15 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.60 annualized dividend and a dividend yield of 1.63%. Service Co. International’s payout ratio is 31.58%.
Several brokerages have commented on SCI. Zacks Investment Research upgraded shares of Service Co. International from a “sell” rating to a “hold” rating and set a $40.00 price objective for the company in a report on Saturday, October 28th. Oppenheimer restated a “buy” rating and issued a $39.00 price objective on shares of Service Co. International in a report on Tuesday, September 26th. Credit Suisse Group restated an “outperform” rating and issued a $40.00 price objective (up from $38.00) on shares of Service Co. International in a report on Friday, November 3rd. Finally, BidaskClub upgraded shares of Service Co. International from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Service Co. International presently has a consensus rating of “Buy” and a consensus target price of $39.75.
In related news, VP Elisabeth G. Nash sold 47,000 shares of the stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $35.64, for a total value of $1,675,080.00. Following the completion of the transaction, the vice president now directly owns 164,441 shares in the company, valued at approximately $5,860,677.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider R L. Waltrip sold 84,679 shares of the stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $37.90, for a total transaction of $3,209,334.10. Following the completion of the transaction, the insider now owns 765,762 shares of the company’s stock, valued at $29,022,379.80. The disclosure for this sale can be found here. 6.20% of the stock is owned by company insiders.
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Service Co. International Profile
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.
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