Strs Ohio Sells 20,148 Shares of Service Corporation International $SCI

Strs Ohio lowered its holdings in Service Corporation International (NYSE:SCI) by 85.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,331 shares of the company’s stock after selling 20,148 shares during the quarter. Strs Ohio’s holdings in Service Corporation International were worth $277,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Boston Trust Walden Corp boosted its holdings in Service Corporation International by 1.6% in the second quarter. Boston Trust Walden Corp now owns 622,373 shares of the company’s stock worth $50,661,000 after acquiring an additional 9,821 shares in the last quarter. Campbell & CO Investment Adviser LLC raised its holdings in shares of Service Corporation International by 28.1% during the second quarter. Campbell & CO Investment Adviser LLC now owns 33,193 shares of the company’s stock worth $2,702,000 after purchasing an additional 7,273 shares during the last quarter. Opus Capital Group LLC boosted its stake in shares of Service Corporation International by 10.6% in the second quarter. Opus Capital Group LLC now owns 70,654 shares of the company’s stock worth $5,751,000 after buying an additional 6,772 shares during the last quarter. AGF Management Ltd. acquired a new position in shares of Service Corporation International in the 2nd quarter valued at $3,171,000. Finally, Brighton Jones LLC purchased a new position in Service Corporation International in the fourth quarter valued at $435,000. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Service Corporation International Stock Performance

Shares of Service Corporation International stock opened at $80.41 on Monday. The firm has a market capitalization of $11.27 billion, a P/E ratio of 21.67, a P/E/G ratio of 1.76 and a beta of 0.99. The company has a quick ratio of 0.52, a current ratio of 0.56 and a debt-to-equity ratio of 3.17. Service Corporation International has a 52 week low of $71.75 and a 52 week high of $85.00. The firm’s 50 day moving average is $79.09 and its two-hundred day moving average is $79.85.

Service Corporation International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, December 15th. Service Corporation International’s dividend payout ratio is presently 36.66%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SCI. JPMorgan Chase & Co. started coverage on shares of Service Corporation International in a research report on Tuesday, January 20th. They issued an “overweight” rating and a $110.00 target price on the stock. UBS Group increased their target price on shares of Service Corporation International from $88.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Finally, Weiss Ratings lowered shares of Service Corporation International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $96.50.

Insider Activity

In other news, VP Elisabeth G. Nash sold 42,400 shares of Service Corporation International stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $76.32, for a total value of $3,235,968.00. Following the transaction, the vice president directly owned 110,006 shares of the company’s stock, valued at $8,395,657.92. The trade was a 27.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 4.40% of the company’s stock.

Service Corporation International Company Profile

Service Corporation International (NYSE: SCI) is a leading provider of funeral, cremation and cemetery services in North America. Through its network of funeral homes, cemeteries, memorial parks and crematoria, the company offers a broad array of end-of-life services, including traditional funeral ceremonies, memorialization, burial and cremation. In addition to core services, SCI provides grief counseling, pre-need planning and merchandise such as caskets, vaults, urns and memorialization products.

Headquartered in Houston, Texas, Service Corporation International operates more than 1,900 funeral homes, over 450 cemeteries and 40 combination facilities across the United States and Canada.