Mason Street Advisors LLC Reduces Stock Holdings in Service Co. International (NYSE:SCI)

Mason Street Advisors LLC trimmed its position in Service Co. International (NYSE:SCI) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 95,634 shares of the company’s stock after selling 1,505 shares during the period. Mason Street Advisors LLC owned about 0.05% of Service Co. International worth $4,572,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Cullen Frost Bankers Inc. bought a new position in shares of Service Co. International in the 2nd quarter worth $29,000. Quest Capital Management Inc. ADV acquired a new position in shares of Service Co. International during the third quarter valued at approximately $30,000. Lee Financial Co acquired a new position in shares of Service Co. International during the second quarter valued at approximately $33,000. Advisory Services Network LLC raised its holdings in shares of Service Co. International by 119.1% during the second quarter. Advisory Services Network LLC now owns 883 shares of the company’s stock valued at $41,000 after acquiring an additional 480 shares during the last quarter. Finally, Vigilant Capital Management LLC acquired a new position in shares of Service Co. International during the second quarter valued at approximately $44,000. 88.66% of the stock is currently owned by institutional investors and hedge funds.

In other Service Co. International news, CEO Thomas L. Ryan sold 50,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $47.45, for a total value of $2,372,500.00. Following the sale, the chief executive officer now directly owns 1,072,809 shares in the company, valued at $50,904,787.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Sumner J. Waring III sold 86,200 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $48.02, for a total value of $4,139,324.00. Following the completion of the sale, the chief operating officer now owns 412,340 shares in the company, valued at $19,800,566.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 546,797 shares of company stock valued at $25,851,253. 5.50% of the stock is currently owned by company insiders.

Service Co. International stock traded down $0.10 during mid-day trading on Wednesday, hitting $43.96. The company’s stock had a trading volume of 29,260 shares, compared to its average volume of 958,790. The firm has a market capitalization of $8.04 billion, a PE ratio of 24.53, a price-to-earnings-growth ratio of 2.06 and a beta of 0.89. Service Co. International has a 1 year low of $37.52 and a 1 year high of $48.69. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 1.95. The stock’s fifty day moving average is $45.96 and its two-hundred day moving average is $45.68.

Service Co. International (NYSE:SCI) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). The business had revenue of $769.20 million during the quarter, compared to analysts’ expectations of $790.05 million. Service Co. International had a return on equity of 19.90% and a net margin of 12.98%. The company’s revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.35 earnings per share. On average, equities analysts expect that Service Co. International will post 1.9 EPS for the current fiscal year.

Service Co. International announced that its board has authorized a share buyback plan on Wednesday, August 14th that allows the company to repurchase $246.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Several research firms recently commented on SCI. ValuEngine cut Service Co. International from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Credit Suisse Group reaffirmed a “buy” rating and issued a $52.00 price target on shares of Service Co. International in a report on Monday, November 4th. Finally, Raymond James increased their price target on Service Co. International from $50.00 to $54.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st.

Service Co. International Company Profile

Service Corporation International provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses.

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

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