Comerica Bank increased its stake in Service Co. International (NYSE:SCI) by 3.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 147,346 shares of the company’s stock after buying an additional 4,470 shares during the period. Comerica Bank owned 0.08% of Service Co. International worth $4,849,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of SCI. Glen Harbor Capital Management LLC boosted its position in shares of Service Co. International by 11.1% in the first quarter. Glen Harbor Capital Management LLC now owns 6,064 shares of the company’s stock valued at $187,000 after buying an additional 608 shares in the last quarter. Tyers Asset Management LLC acquired a new position in shares of Service Co. International during the fourth quarter valued at $213,000. Two Sigma Securities LLC acquired a new position in shares of Service Co. International during the third quarter valued at $223,000. Canada Pension Plan Investment Board boosted its position in shares of Service Co. International by 13.9% in the first quarter. Canada Pension Plan Investment Board now owns 8,200 shares of the company’s stock valued at $253,000 after buying an additional 1,000 shares in the last quarter. Finally, Flinton Capital Management LLC acquired a new position in shares of Service Co. International during the fourth quarter valued at $271,000. Institutional investors own 83.34% of the company’s stock.
Shares of Service Co. International (NYSE SCI) opened at 32.18 on Tuesday. The firm has a 50-day moving average of $31.91 and a 200-day moving average of $30.03. The company has a market capitalization of $6.05 billion, a P/E ratio of 20.59 and a beta of 0.85. Service Co. International has a one year low of $24.90 and a one year high of $33.20.
Service Co. International (NYSE:SCI) last released its earnings results on Wednesday, April 26th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.08. The company had revenue of $777.70 million for the quarter, compared to analyst estimates of $764.02 million. Service Co. International had a net margin of 5.84% and a return on equity of 22.02%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 EPS. Analysts forecast that Service Co. International will post $1.42 earnings per share for the current year. The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.86%. This is a positive change from Service Co. International’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Tuesday, June 13th. Service Co. International’s dividend payout ratio is 57.78%.
SCI has been the topic of several analyst reports. Deutsche Bank AG assumed coverage on shares of Service Co. International in a research note on Monday, May 1st. They set a “buy” rating and a $40.00 price target on the stock. Zacks Investment Research upgraded shares of Service Co. International from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research note on Saturday, April 29th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Service Co. International has a consensus rating of “Buy” and an average target price of $35.25. In other news, Director Edward E. Williams sold 10,000 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $32.12, for a total transaction of $321,200.00. Following the completion of the transaction, the director now owns 165,372 shares of the company’s stock, valued at approximately $5,311,748.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Thomas L. Ryan sold 51,394 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $32.55, for a total transaction of $1,672,874.70. Following the transaction, the chief executive officer now directly owns 1,119,503 shares of the company’s stock, valued at approximately $36,439,822.65. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 282,794 shares of company stock worth $9,088,445. 6.00% of the stock is owned by insiders.
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