Custom Index Systems LLC Purchases 3,716 Shares of Service Co. International (NYSE:SCI)

Custom Index Systems LLC lifted its position in shares of Service Co. International (NYSE:SCI) by 69.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,054 shares of the company’s stock after purchasing an additional 3,716 shares during the quarter. Custom Index Systems LLC’s holdings in Service Co. International were worth $715,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. nVerses Capital LLC boosted its holdings in shares of Service Co. International by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 400 shares of the company’s stock valued at $28,000 after buying an additional 200 shares in the last quarter. Whittier Trust Co. boosted its stake in Service Co. International by 406.5% during the first quarter. Whittier Trust Co. now owns 542 shares of the company’s stock worth $40,000 after acquiring an additional 435 shares in the last quarter. Blue Trust Inc. grew its holdings in Service Co. International by 121.9% in the second quarter. Blue Trust Inc. now owns 708 shares of the company’s stock worth $53,000 after purchasing an additional 389 shares during the period. Waldron Private Wealth LLC bought a new position in shares of Service Co. International during the third quarter valued at approximately $57,000. Finally, Quarry LP lifted its holdings in shares of Service Co. International by 258.6% during the second quarter. Quarry LP now owns 789 shares of the company’s stock valued at $56,000 after purchasing an additional 569 shares during the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Service Co. International from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st.

Service Co. International Stock Up 0.4 %

Service Co. International stock traded up $0.28 during mid-day trading on Friday, reaching $75.40. The stock had a trading volume of 801,841 shares, compared to its average volume of 898,130. The company has a market capitalization of $10.98 billion, a price-to-earnings ratio of 21.67, a PEG ratio of 2.19 and a beta of 0.84. The company has a debt-to-equity ratio of 3.05, a current ratio of 0.55 and a quick ratio of 0.51. Service Co. International has a one year low of $52.89 and a one year high of $81.32. The company has a 50-day moving average price of $77.41 and a two-hundred day moving average price of $73.84.

Service Co. International (NYSE:SCI) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.07). Service Co. International had a net margin of 12.32% and a return on equity of 32.07%. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the company earned $0.83 EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, analysts expect that Service Co. International will post 3.52 EPS for the current fiscal year.

Service Co. International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend was Friday, September 13th. Service Co. International’s dividend payout ratio is currently 34.48%.

Insider Transactions at Service Co. International

In related news, Director Ellen Ochoa sold 2,642 shares of Service Co. International stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total value of $201,875.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Thomas L. Ryan sold 80,638 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $73.97, for a total transaction of $5,964,792.86. Following the transaction, the chief executive officer now directly owns 988,365 shares of the company’s stock, valued at $73,109,359.05. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ellen Ochoa sold 2,642 shares of Service Co. International stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total value of $201,875.22. The disclosure for this sale can be found here. Company insiders own 5.10% of the company’s stock.

About Service Co. International

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.