Neuberger Berman Group LLC trimmed its holdings in Service Co. International (NYSE:SCI) by 4.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,966,736 shares of the company’s stock after selling 86,848 shares during the period. Neuberger Berman Group LLC owned about 1.05% of Service Co. International worth $67,852,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in SCI. IFP Advisors Inc lifted its position in shares of Service Co. International by 2.1% in the second quarter. IFP Advisors Inc now owns 4,232 shares of the company’s stock worth $142,000 after buying an additional 89 shares in the last quarter. Comerica Bank lifted its position in shares of Service Co. International by 0.4% in the second quarter. Comerica Bank now owns 147,890 shares of the company’s stock worth $5,056,000 after buying an additional 544 shares in the last quarter. Leavell Investment Management Inc. lifted its position in shares of Service Co. International by 9.3% in the third quarter. Leavell Investment Management Inc. now owns 19,924 shares of the company’s stock worth $687,000 after buying an additional 1,700 shares in the last quarter. BB&T Corp lifted its position in shares of Service Co. International by 7.6% in the third quarter. BB&T Corp now owns 33,856 shares of the company’s stock worth $1,169,000 after buying an additional 2,389 shares in the last quarter. Finally, Thrivent Financial For Lutherans lifted its position in shares of Service Co. International by 7.4% in the second quarter. Thrivent Financial For Lutherans now owns 37,990 shares of the company’s stock worth $1,271,000 after buying an additional 2,630 shares in the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

SCI has been the topic of several analyst reports. Zacks Investment Research cut Service Co. International from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. Oppenheimer reissued a “buy” rating and set a $39.00 price objective on shares of Service Co. International in a research note on Tuesday, September 26th. One analyst has rated the stock with a sell rating, one has given 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 a consensus rating of “Buy” and a consensus target price of $39.75.

In other news, insider R L. Waltrip sold 84,679 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now owns 765,762 shares of the company’s stock, valued at $29,022,379.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Elisabeth G. Nash sold 47,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the vice president now directly owns 164,441 shares in the company, valued at approximately $5,860,677.24. The disclosure for this sale can be found here. Insiders own 6.20% of the company’s stock.

Shares of Service Co. International (NYSE SCI) traded down $0.32 during midday trading on Monday, reaching $36.83. The company’s stock had a trading volume of 3,444,000 shares, compared to its average volume of 1,066,850. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 2.66. Service Co. International has a 52 week low of $27.18 and a 52 week high of $38.10. The company has a market capitalization 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 (NYSE:SCI) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.06. Service Co. International had a return on equity of 24.85% and a net margin of 11.83%. The company had revenue of $731.30 million for the quarter, compared to analysts’ expectations of $735.62 million. During the same period in the previous year, the firm posted $0.26 earnings per share. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. equities analysts predict that Service Co. International will post 1.51 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.60 annualized dividend and a yield of 1.63%. Service Co. International’s payout ratio is currently 31.58%.

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

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