Resources Management Corp CT ADV decreased its position in Service Corporation International (NYSE:SCI – Free Report) by 49.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 41,884 shares of the company’s stock after selling 41,364 shares during the quarter. Resources Management Corp CT ADV’s holdings in Service Corporation International were worth $3,266,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its holdings in Service Corporation International by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 43,521 shares of the company’s stock valued at $3,622,000 after acquiring an additional 270 shares during the last quarter. Focus Partners Wealth boosted its holdings in Service Corporation International by 3.1% in the first quarter. Focus Partners Wealth now owns 10,571 shares of the company’s stock valued at $848,000 after acquiring an additional 321 shares during the last quarter. Sunbelt Securities Inc. bought a new position in Service Corporation International in the third quarter valued at about $42,000. V Square Quantitative Management LLC bought a new position in Service Corporation International in the fourth quarter valued at about $46,000. Finally, Los Angeles Capital Management LLC bought a new position in Service Corporation International in the fourth quarter valued at about $54,000. Institutional investors own 85.53% of the company’s stock.
Service Corporation International Price Performance
Shares of SCI opened at $76.91 on Monday. The company has a current ratio of 0.57, a quick ratio of 0.52 and a debt-to-equity ratio of 3.22. Service Corporation International has a 1 year low of $68.41 and a 1 year high of $88.67. The stock has a market cap of $10.61 billion, a P/E ratio of 20.29, a price-to-earnings-growth ratio of 1.73 and a beta of 0.84. The stock’s 50-day moving average price is $79.08 and its two-hundred day moving average price is $79.65.
Service Corporation International Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.9%. This is an increase from Service Corporation International’s previous quarterly dividend of $0.34. The ex-dividend date is Monday, June 15th. Service Corporation International’s dividend payout ratio (DPR) is 35.88%.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on SCI shares. UBS Group decreased their price target on Service Corporation International from $95.00 to $93.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Wall Street Zen cut Service Corporation International from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Weiss Ratings cut Service Corporation International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, June 3rd. JPMorgan Chase & Co. decreased their price target on Service Corporation International from $110.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. Finally, Oppenheimer raised their price target on Service Corporation International from $94.00 to $97.00 and gave the company an “outperform” rating in a report on Thursday, April 2nd. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.00.
Check Out Our Latest Research Report on Service Corporation International
About Service Corporation International
Service Corporation International (NYSE: SCI) is a leading provider of funeral, cremation and cemetery services in North America. Through its network of funeral homes, cemeteries, memorial parks and crematoria, the company offers a broad array of end-of-life services, including traditional funeral ceremonies, memorialization, burial and cremation. In addition to core services, SCI provides grief counseling, pre-need planning and merchandise such as caskets, vaults, urns and memorialization products.
Headquartered in Houston, Texas, Service Corporation International operates more than 1,900 funeral homes, over 450 cemeteries and 40 combination facilities across the United States and Canada.
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