Segall Bryant & Hamill LLC Sells 5,729 Shares of Service Co. International (NYSE:SCI)

Segall Bryant & Hamill LLC lowered its position in Service Co. International (NYSE:SCI) by 5.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 101,229 shares of the company’s stock after selling 5,729 shares during the period. Segall Bryant & Hamill LLC owned about 0.07% of Service Co. International worth $8,080,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SCI. M&T Bank Corp raised its position in Service Co. International by 1.1% in the third quarter. M&T Bank Corp now owns 11,248 shares of the company’s stock worth $888,000 after acquiring an additional 123 shares during the period. Cornerstone Investment Partners LLC raised its holdings in Service Co. International by 3.8% in the 4th quarter. Cornerstone Investment Partners LLC now owns 3,587 shares of the company’s stock worth $286,000 after purchasing an additional 131 shares during the period. CIBC Asset Management Inc lifted its position in Service Co. International by 2.7% during the fourth quarter. CIBC Asset Management Inc now owns 5,167 shares of the company’s stock valued at $412,000 after purchasing an additional 138 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Service Co. International by 5.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,438 shares of the company’s stock valued at $354,000 after purchasing an additional 212 shares during the period. Finally, Stanley Laman Group Ltd. increased its position in Service Co. International by 0.5% in the fourth quarter. Stanley Laman Group Ltd. now owns 40,098 shares of the company’s stock worth $3,201,000 after buying an additional 214 shares in the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SCI shares. Oppenheimer lifted their price objective on Service Co. International from $86.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. StockNews.com downgraded shares of Service Co. International from a “hold” rating to a “sell” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $88.50.

Service Co. International Price Performance

Shares of Service Co. International stock opened at $79.94 on Thursday. The company has a market capitalization of $11.53 billion, a price-to-earnings ratio of 22.52, a PEG ratio of 1.90 and a beta of 0.90. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.83. The stock’s 50-day simple moving average is $78.78 and its 200-day simple moving average is $80.20. 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 posted its quarterly earnings results on Wednesday, February 12th. The company reported $1.06 EPS for the quarter, hitting analysts’ consensus estimates of $1.06. Service Co. International had a return on equity of 32.18% and a net margin of 12.39%. As a group, analysts expect that Service Co. International will post 3.84 earnings per share for the current fiscal year.

Service Co. International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.60%. This is a boost from Service Co. International’s previous quarterly dividend of $0.31. The ex-dividend date is Friday, March 14th. Service Co. International’s dividend payout ratio (DPR) is presently 36.06%.

Insider Buying and Selling at Service Co. International

In other Service Co. International news, Director Tony Coelho sold 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was 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 owns 46,824 shares in the company, valued at $3,712,674.96. This trade represents a 12.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Thomas L. Ryan sold 50,000 shares of the company’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 value of $4,228,000.00. Following the sale, 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. 5.10% of the stock is currently owned by insiders.

Service Co. 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.