Piedmont Investment Advisors Inc. grew its position in Service Co. International (NYSE:SCI) by 21.9% in the third quarter, HoldingsChannel.com reports. The fund owned 26,427 shares of the company’s stock after buying an additional 4,753 shares during the period. Piedmont Investment Advisors Inc.’s holdings in Service Co. International were worth $1,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in SCI. Fort L.P. bought a new position in shares of Service Co. International in the 2nd quarter valued at about $120,000. TRUE Private Wealth Advisors acquired a new stake in shares of Service Co. International during the 3rd quarter worth about $125,000. Steward Partners Investment Advisory LLC lifted its stake in shares of Service Co. International by 707.3% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 3,423 shares of the company’s stock worth $151,000 after buying an additional 2,999 shares during the last quarter. Hirtle Callaghan & Co LLC acquired a new stake in shares of Service Co. International during the 2nd quarter worth about $161,000. Finally, Townsend & Associates Inc acquired a new stake in shares of Service Co. International during the 3rd quarter worth about $164,000. 89.73% of the stock is owned by institutional investors.

In other Service Co. International news, VP Gregory T. Sangalis sold 16,383 shares of Service Co. International stock in a transaction dated Monday, November 12th. The shares were sold at an average price of $45.00, for a total value of $737,235.00. Following the completion of the sale, the vice president now owns 121,600 shares in the company, valued at approximately $5,472,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas L. Ryan sold 50,000 shares of Service Co. International stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $44.86, for a total transaction of $2,243,000.00. Following the completion of the sale, the chief executive officer now owns 976,138 shares of the company’s stock, valued at approximately $43,789,550.68. The disclosure for this sale can be found here. Insiders sold a total of 355,100 shares of company stock valued at $15,711,115 in the last quarter. Corporate insiders own 6.60% of the company’s stock.

NYSE SCI opened at $44.70 on Tuesday. The company has a quick ratio of 0.49, a current ratio of 0.54 and a debt-to-equity ratio of 2.38. The stock has a market cap of $8.13 billion, a PE ratio of 28.84, a P/E/G ratio of 1.98 and a beta of 1.03. Service Co. International has a 52-week low of $35.19 and a 52-week high of $45.42.

Service Co. International (NYSE:SCI) last issued its quarterly earnings data on Monday, October 29th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.01). Service Co. International had a return on equity of 22.47% and a net margin of 15.76%. The business had revenue of $778.80 million during the quarter, compared to analyst estimates of $762.60 million. During the same quarter last year, the firm earned $0.33 EPS. Service Co. International’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities research analysts expect that Service Co. International will post 1.82 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.52%. The ex-dividend date is Thursday, December 13th. Service Co. International’s dividend payout ratio (DPR) is 43.87%.

A number of analysts have recently issued reports on SCI shares. ValuEngine upgraded shares of Service Co. International from a “hold” rating to a “buy” rating in a research note on Monday, September 17th. Zacks Investment Research upgraded shares of Service Co. International from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Thursday, August 2nd. Oppenheimer raised their target price on shares of Service Co. International from $42.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, October 26th. Credit Suisse Group raised their target price on shares of Service Co. International from $46.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, September 17th. Finally, Raymond James raised their target price on shares of Service Co. International from $45.00 to $47.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, October 31st. Two investment analysts have rated the stock with a sell rating, five have given a buy rating and one has given a strong buy rating to the company. Service Co. International currently has a consensus rating of “Buy” and a consensus target price of $46.17.

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Service Co. International Company Profile

Service Corporation International provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses.

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

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