72,353 Shares in Service Co. International (NYSE:SCI) Acquired by Twinbeech Capital LP

Twinbeech Capital LP acquired a new position in Service Co. International (NYSE:SCI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 72,353 shares of the company’s stock, valued at approximately $5,775,000. Twinbeech Capital LP owned 0.05% of Service Co. International at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SCI. FMR LLC lifted its stake in Service Co. International by 70.2% in the 4th quarter. FMR LLC now owns 6,901,982 shares of the company’s stock worth $550,916,000 after purchasing an additional 2,846,159 shares in the last quarter. Norges Bank purchased a new stake in Service Co. International in the 4th quarter worth approximately $96,498,000. Arrowstreet Capital Limited Partnership lifted its stake in Service Co. International by 237.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 911,294 shares of the company’s stock worth $72,739,000 after purchasing an additional 641,552 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in Service Co. International by 5.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 8,952,636 shares of the company’s stock worth $714,600,000 after purchasing an additional 492,822 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in Service Co. International by 19,170.2% in the 4th quarter. Millennium Management LLC now owns 333,157 shares of the company’s stock worth $26,593,000 after purchasing an additional 334,904 shares in the last quarter. 85.53% of the stock is owned by institutional investors.

Service Co. International Stock Performance

Service Co. International stock opened at $78.09 on Tuesday. The firm’s fifty day moving average price is $77.83 and its 200-day moving average price is $80.21. 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 stock has a market cap of $11.12 billion, a P/E ratio of 22.00, a price-to-earnings-growth ratio of 1.90 and a beta of 0.96. Service Co. International has a fifty-two week low of $68.51 and a fifty-two week high of $89.37.

Service Co. International (NYSE:SCI) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.05. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the company posted $0.89 EPS. On average, equities research analysts expect that Service Co. International will post 3.84 earnings per share for the current fiscal year.

Service Co. International Announces Dividend

The firm 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. This represents a $1.28 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Friday, June 13th. Service Co. International’s dividend payout ratio is currently 35.16%.

Insider Activity at Service Co. International

In related news, Director Tony Coelho sold 6,500 shares of the 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 transaction, the director now owns 46,824 shares of the company’s stock, valued at approximately $3,712,674.96. This trade represents a 12.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas L. Ryan sold 50,000 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $84.56, for a total transaction of $4,228,000.00. Following the transaction, the chief executive officer now directly owns 982,333 shares in the company, valued at approximately $83,066,078.48. This represents a 4.84% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,900 shares of company stock valued at $5,153,461. Insiders own 4.40% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on SCI shares. UBS Group lowered their target price on shares of Service Co. International from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. StockNews.com upgraded shares of Service Co. International from a “sell” rating to a “hold” rating in a research note on Thursday, April 3rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $89.25.

Service Co. International Company 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.