Financial Management Network Inc. Invests $209,000 in Service Co. International (NYSE:SCI)

Financial Management Network Inc. purchased a new stake in Service Co. International (NYSE:SCI) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,742 shares of the company’s stock, valued at approximately $209,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Select Equity Group L.P. grew its stake in shares of Service Co. International by 53.5% in the 2nd quarter. Select Equity Group L.P. now owns 7,239,783 shares of the company’s stock valued at $514,966,000 after purchasing an additional 2,524,795 shares during the last quarter. Swedbank AB purchased a new position in Service Co. International in the 1st quarter valued at $224,137,000. Dimensional Fund Advisors LP increased its stake in Service Co. International by 7.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,942,559 shares of the company’s stock valued at $138,183,000 after buying an additional 135,017 shares during the period. Handelsbanken Fonder AB increased its stake in Service Co. International by 3.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 1,810,148 shares of the company’s stock valued at $142,875,000 after buying an additional 61,838 shares during the period. Finally, Coho Partners Ltd. raised its position in Service Co. International by 10.6% during the 1st quarter. Coho Partners Ltd. now owns 1,685,111 shares of the company’s stock worth $125,052,000 after buying an additional 161,570 shares during the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Service Co. International from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st.

Insider Buying and Selling at Service Co. International

In related news, CEO Thomas L. Ryan sold 80,638 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $73.97, for a total value of $5,964,792.86. Following the sale, the chief executive officer now owns 988,365 shares in the company, valued at $73,109,359.05. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Service Co. International news, Director Ellen Ochoa sold 2,642 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total transaction of $201,875.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas L. Ryan sold 80,638 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $73.97, for a total value of $5,964,792.86. Following the completion of the transaction, the chief executive officer now directly owns 988,365 shares of the company’s stock, valued at approximately $73,109,359.05. This trade represents a 0.00 % 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 corporate insiders.

Service Co. International Price Performance

Shares of Service Co. International stock traded up $0.68 during trading on Friday, reaching $75.80. The company’s stock had a trading volume of 50,082 shares, compared to its average volume of 894,498. The business has a 50 day moving average price of $77.43 and a 200-day moving average price of $73.81. Service Co. International has a 12-month low of $52.89 and a 12-month high of $81.32. The company has a market capitalization of $11.04 billion, a P/E ratio of 21.59, a price-to-earnings-growth ratio of 2.19 and a beta of 0.84. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 3.05.

Service Co. International (NYSE:SCI) last issued its earnings results on Wednesday, July 31st. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.07). The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Service Co. International had a return on equity of 32.07% and a net margin of 12.32%. Service Co. International’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.83 earnings per share. As a group, sell-side analysts anticipate that Service Co. International will post 3.52 EPS for the current year.

Service Co. International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a $0.30 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a yield of 1.58%. Service Co. International’s dividend payout ratio (DPR) is presently 34.48%.

Service Co. International Company Profile

Service Corporation International provides deathcare products and services in the United States and Canada. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses. The company also provides professional services related to funerals and cremations, including the use of funeral home facilities and motor vehicles; arranging and directing services; and removal, preparation, embalming, cremation, memorialization, and travel protection, as well as catering services.