Sepio Capital LP Cuts Holdings in Service Co. International (NYSE:SCI)

Sepio Capital LP decreased its position in Service Co. International (NYSE:SCIFree Report) by 8.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,178 shares of the company’s stock after selling 711 shares during the period. Sepio Capital LP’s holdings in Service Co. International were worth $560,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC purchased a new stake in shares of Service Co. International during the third quarter valued at approximately $36,000. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Service Co. International by 204.1% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 599 shares of the company’s stock worth $41,000 after buying an additional 402 shares during the last quarter. M&R Capital Management Inc. grew its position in Service Co. International by 125.5% during the fourth quarter. M&R Capital Management Inc. now owns 902 shares of the company’s stock valued at $62,000 after buying an additional 502 shares during the period. GAMMA Investing LLC bought a new position in Service Co. International during the fourth quarter valued at about $72,000. Finally, Skandinaviska Enskilda Banken AB publ purchased a new stake in Service Co. International during the third quarter worth about $80,000. Institutional investors own 85.53% of the company’s stock.

Insider Activity at Service Co. International

In other Service Co. International news, Director W Blair Waltrip sold 6,150 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $74.38, for a total value of $457,437.00. Following the sale, the director now owns 597,948 shares of the company’s stock, valued at approximately $44,475,372.24. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director W Blair Waltrip sold 6,150 shares of Service Co. International stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $74.38, for a total value of $457,437.00. Following the sale, the director now directly owns 597,948 shares in the company, valued at approximately $44,475,372.24. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Steven A. Tidwell sold 45,995 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $75.43, for a total value of $3,469,402.85. Following the transaction, the vice president now owns 54,354 shares of the company’s stock, valued at approximately $4,099,922.22. The disclosure for this sale can be found here. Insiders sold 194,712 shares of company stock worth $14,473,020 in the last three months. 5.10% of the stock is owned by insiders.

Service Co. International Price Performance

Shares of SCI stock traded up $0.62 during trading hours on Friday, hitting $71.84. 832,155 shares of the company’s stock were exchanged, compared to its average volume of 984,354. The company has a market capitalization of $10.46 billion, a PE ratio of 20.64, a PEG ratio of 1.94 and a beta of 0.81. The company has a current ratio of 0.62, a quick ratio of 0.57 and a debt-to-equity ratio of 2.90. Service Co. International has a 12-month low of $52.89 and a 12-month high of $75.97. The business’s 50 day simple moving average is $71.10 and its 200-day simple moving average is $68.71.

Service Co. International (NYSE:SCIGet Free Report) last issued its earnings results on Wednesday, May 1st. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.04. Service Co. International had a net margin of 12.73% and a return on equity of 32.23%. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the company earned $0.93 EPS. The firm’s revenue was up 1.6% compared to the same quarter last year. On average, equities research analysts anticipate that Service Co. International will post 3.66 earnings per share for the current year.

Service Co. International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Friday, June 14th. Service Co. International’s payout ratio is 33.33%.

Wall Street Analyst Weigh In

SCI has been the topic of a number of research analyst reports. Oppenheimer boosted their target price on shares of Service Co. International from $76.00 to $79.00 and gave the company an “outperform” rating in a research note on Wednesday. UBS Group upped their price target on Service Co. International from $83.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, May 17th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Service Co. International has a consensus rating of “Moderate Buy” and a consensus price target of $76.80.

Get Our Latest Analysis on SCI

Service Co. International Company Profile

(Free Report)

Service Corporation International provides deathcare products and services in the United States and Canada. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses. The company also provides professional services related to funerals and cremations, including the use of funeral home facilities and motor vehicles; arranging and directing services; and removal, preparation, embalming, cremation, memorialization, and travel protection, as well as catering services.

Further Reading

Want to see what other hedge funds are holding SCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Service Co. International (NYSE:SCIFree Report).

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

Receive News & Ratings for Service Co. International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Service Co. International and related companies with MarketBeat.com's FREE daily email newsletter.