GeoWealth Management LLC Makes New $53,000 Investment in Service Co. International (NYSE:SCI)

GeoWealth Management LLC acquired a new stake in shares of Service Co. International (NYSE:SCI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 661 shares of the company’s stock, valued at approximately $53,000.

Other hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in Service Co. International during the 4th quarter valued at about $25,000. Mizuho Bank Ltd. bought a new position in shares of Service Co. International during the fourth quarter valued at approximately $40,000. Resona Asset Management Co. Ltd. purchased a new position in shares of Service Co. International during the fourth quarter valued at approximately $40,000. Vision Financial Markets LLC bought a new stake in shares of Service Co. International in the 4th quarter worth approximately $52,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Service Co. International in the 4th quarter worth approximately $60,000. Institutional investors own 85.53% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Service Co. International from a “sell” rating to a “hold” rating in a report on Thursday, April 3rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $88.50.

Service Co. International Trading Down 0.6 %

Shares of NYSE SCI opened at $78.48 on Friday. The company has a market cap of $11.31 billion, a PE ratio of 22.11, a P/E/G ratio of 1.90 and a beta of 0.81. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.48 and a current ratio of 0.52. The firm’s 50 day moving average price is $78.78 and its 200-day moving average price is $80.04. Service Co. International has a 52-week low of $67.19 and a 52-week high of $89.37.

Service Co. International (NYSE:SCI) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.06. Service Co. International had a return on equity of 32.18% and a net margin of 12.39%. On average, equities research analysts expect that Service Co. International will post 3.84 EPS for the current fiscal year.

Service Co. International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.63%. This is an increase from Service Co. International’s previous quarterly dividend of $0.31. The ex-dividend date was Friday, March 14th. Service Co. International’s dividend payout ratio (DPR) is presently 36.06%.

Insiders Place Their Bets

In other news, Director Tony Coelho sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $79.29, for a total transaction of $515,385.00. Following the completion of the transaction, the director now directly owns 46,824 shares of the company’s stock, valued at $3,712,674.96. The trade was a 12.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas L. Ryan sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $84.56, for a total transaction of $4,228,000.00. Following the completion of the sale, the chief executive officer now owns 982,333 shares in the company, valued at $83,066,078.48. This represents a 4.84 % decrease in their position. The disclosure for this sale can be found here. 4.40% of the stock is owned by insiders.

About Service Co. International

Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery segments. The Funeral segment offers services related to cremations, including the use of home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, memorialization, and catering.