BB&T Corp raised its position in Service Corporation International (NYSE:SCI) by 7.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,856 shares of the company’s stock after acquiring an additional 2,389 shares during the quarter. BB&T Corp’s holdings in Service Corporation International were worth $1,169,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. State Street Corp lifted its stake in Service Corporation International by 0.4% in the second quarter. State Street Corp now owns 4,961,421 shares of the company’s stock valued at $165,957,000 after acquiring an additional 20,669 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Service Corporation International by 2.6% in the second quarter. Ameriprise Financial Inc. now owns 1,467,669 shares of the company’s stock valued at $49,092,000 after acquiring an additional 36,642 shares during the last quarter. Balyasny Asset Management LLC lifted its stake in Service Corporation International by 271.3% in the second quarter. Balyasny Asset Management LLC now owns 777,768 shares of the company’s stock valued at $26,016,000 after acquiring an additional 568,279 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Service Corporation International by 9.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 590,087 shares of the company’s stock valued at $18,222,000 after acquiring an additional 51,598 shares during the last quarter. Finally, Rothschild Asset Management Inc. lifted its stake in Service Corporation International by 4.7% in the second quarter. Rothschild Asset Management Inc. now owns 526,177 shares of the company’s stock valued at $17,601,000 after acquiring an additional 23,389 shares during the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

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Shares of Service Corporation International (SCI) opened at 35.25 on Tuesday. The stock’s 50 day moving average is $34.59 and its 200-day moving average is $33.63. Service Corporation International has a 1-year low of $24.90 and a 1-year high of $35.89. The firm has a market cap of $6.60 billion, a PE ratio of 19.11 and a beta of 0.92.

Service Corporation International (NYSE:SCI) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.06. The company had revenue of $731.30 million during the quarter, compared to analyst estimates of $735.62 million. Service Corporation International had a net margin of 11.83% and a return on equity of 24.85%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.26 earnings per share. Analysts expect that Service Corporation International will post $1.47 earnings per share for the current year.

In related news, VP Gregory T. Sangalis sold 72,300 shares of the stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $35.40, for a total transaction of $2,559,420.00. Following the completion of the transaction, the vice president now owns 129,883 shares in the company, valued at $4,597,858.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Thomas L. Ryan sold 100,000 shares of the stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $34.92, for a total transaction of $3,492,000.00. Following the transaction, the chief executive officer now owns 1,175,109 shares of the company’s stock, valued at approximately $41,034,806.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 604,800 shares of company stock valued at $21,109,153. 6.20% of the stock is owned by company insiders.

SCI has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Service Corporation International from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research note on Tuesday, August 1st. BidaskClub upgraded shares of Service Corporation International from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $39.00 price target on shares of Service Corporation International in a research note on Tuesday, September 26th.

Service Corporation International Profile

Service Corporation International is a provider of deathcare products and services, with a network of funeral service locations and cemeteries. The Company’s segments include Funeral, Cemetery and Corporate. It conducts both funeral and cemetery operations in the United States and Canada. As December 31, 2016, it operated 1,502 funeral service locations and 470 cemeteries, including 281 funeral service/cemetery combination locations, which are geographically diversified across 45 states, eight Canadian provinces, the District of Columbia, and Puerto Rico.

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Institutional Ownership by Quarter for Service Corporation International (NYSE:SCI)

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