HBK Sorce Advisory LLC Trims Holdings in Service Corporation International (NYSE:SCI)

HBK Sorce Advisory LLC trimmed its holdings in Service Corporation International (NYSE:SCI) by 7.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,908 shares of the company’s stock after selling 1,168 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Service Corporation International were worth $1,115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in shares of Service Corporation International during the fourth quarter valued at approximately $25,000. Quarry LP increased its position in Service Corporation International by 359.8% during the 4th quarter. Quarry LP now owns 469 shares of the company’s stock valued at $37,000 after buying an additional 367 shares in the last quarter. Mizuho Bank Ltd. bought a new position in Service Corporation International during the 4th quarter valued at approximately $40,000. Resona Asset Management Co. Ltd. purchased a new stake in shares of Service Corporation International in the fourth quarter worth $40,000. Finally, Vision Financial Markets LLC bought a new position in shares of Service Corporation International during the fourth quarter valued at $52,000. 85.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Tony Coelho sold 5,400 shares of the firm’s stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $75.94, for a total value of $410,076.00. Following the transaction, the director now owns 43,938 shares of the company’s stock, valued at approximately $3,336,651.72. This trade represents a 10.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 4.40% of the company’s stock.

Service Corporation International Price Performance

NYSE SCI opened at $79.79 on Thursday. Service Corporation International has a one year low of $68.84 and a one year high of $89.37. The stock has a 50-day moving average of $77.93 and a 200 day moving average of $78.76. The company has a debt-to-equity ratio of 2.87, a quick ratio of 0.46 and a current ratio of 0.51. The company has a market capitalization of $11.36 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 1.96 and a beta of 0.92.

Service Corporation International (NYSE:SCI) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.05. Service Corporation International had a net margin of 12.58% and a return on equity of 32.35%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the firm posted $0.89 EPS. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, sell-side analysts forecast that Service Corporation International will post 3.84 EPS for the current year.

Service Corporation International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, June 13th. This represents a $1.28 dividend on an annualized basis and a yield of 1.60%. Service Corporation International’s dividend payout ratio is presently 35.16%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SCI. Wall Street Zen upgraded shares of Service Corporation International from a “sell” rating to a “hold” rating in a research note on Thursday, April 3rd. UBS Group dropped their target price on shares of Service Corporation International from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $89.25.

Service Corporation International Profile

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.