Service Co. International (NYSE:SCI) Shares Sold by Turtle Creek Asset Management Inc.

Turtle Creek Asset Management Inc. cut its holdings in shares of Service Co. International (NYSE:SCI) by 15.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,667,147 shares of the company’s stock after selling 299,350 shares during the period. Service Co. International comprises about 3.5% of Turtle Creek Asset Management Inc.’s investment portfolio, making the stock its 14th biggest holding. Turtle Creek Asset Management Inc. owned approximately 1.15% of Service Co. International worth $133,072,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Service Co. International during the fourth quarter valued at about $25,000. Quarry LP grew its stake in Service Co. International by 359.8% in the fourth quarter. Quarry LP now owns 469 shares of the company’s stock worth $37,000 after purchasing an additional 367 shares in the last quarter. Mizuho Bank Ltd. acquired a new position in Service Co. International in the fourth quarter worth about $40,000. Resona Asset Management Co. Ltd. acquired a new position in Service Co. International in the fourth quarter worth about $40,000. Finally, Vision Financial Markets LLC acquired a new position in Service Co. International in the fourth quarter worth about $52,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Service Co. International Stock Performance

Shares of SCI stock opened at $78.57 on Friday. The business has a 50 day moving average of $77.84 and a two-hundred day moving average of $80.24. The company has a market cap of $11.19 billion, a P/E ratio of 22.13, a PEG ratio of 1.90 and a beta of 0.96. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.83. Service Co. International has a 52 week low of $68.51 and a 52 week high of $89.37.

Service Co. International (NYSE:SCI) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.05. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Service Co. International had a return on equity of 32.18% and a net margin of 12.39%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 earnings per share. As a group, analysts anticipate that Service Co. International will post 3.84 EPS for the current year.

Service Co. International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.28 annualized dividend and a yield of 1.63%. Service Co. International’s payout ratio is 35.16%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. StockNews.com upgraded Service Co. International from a “sell” rating to a “hold” rating in a research note on Thursday, April 3rd. UBS Group decreased their target price on Service Co. International from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Service Co. International currently has an average rating of “Moderate Buy” and an average price target of $89.25.

Insider Buying and Selling

In other Service Co. International news, Director Tony Coelho sold 6,500 shares of the business’s stock in a transaction 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 sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas L. Ryan sold 50,000 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 982,333 shares in the company, valued at $83,066,078.48. This trade represents a 4.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 61,900 shares of company stock valued at $5,153,461 over the last quarter. Corporate insiders own 4.40% of the company’s stock.

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.