62,726 Shares in Service Co. International (NYSE:SCI) Purchased by Alpine Peaks Capital LP

Alpine Peaks Capital LP purchased a new position in shares of Service Co. International (NYSE:SCIGet Rating) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 62,726 shares of the company’s stock, valued at approximately $4,453,000. Service Co. International comprises 4.4% of Alpine Peaks Capital LP’s portfolio, making the stock its 12th biggest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Spire Wealth Management boosted its position in Service Co. International by 9.2% during the fourth quarter. Spire Wealth Management now owns 1,827 shares of the company’s stock worth $130,000 after acquiring an additional 154 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in Service Co. International by 1.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 9,202 shares of the company’s stock worth $653,000 after acquiring an additional 165 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Service Co. International by 14.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,350 shares of the company’s stock worth $96,000 after acquiring an additional 175 shares during the last quarter. Stratos Wealth Partners LTD. grew its stake in shares of Service Co. International by 1.6% in the 4th quarter. Stratos Wealth Partners LTD. now owns 12,577 shares of the company’s stock valued at $893,000 after buying an additional 193 shares during the period. Finally, First Republic Investment Management Inc. grew its stake in shares of Service Co. International by 1.9% in the 4th quarter. First Republic Investment Management Inc. now owns 13,418 shares of the company’s stock valued at $953,000 after buying an additional 247 shares during the period. Hedge funds and other institutional investors own 84.03% of the company’s stock.

SCI traded up $0.65 during mid-day trading on Thursday, hitting $69.04. 543,276 shares of the stock were exchanged, compared to its average volume of 964,653. The firm’s fifty day moving average is $67.73 and its two-hundred day moving average is $65.92. Service Co. International has a 1-year low of $51.53 and a 1-year high of $72.07. The company has a current ratio of 0.59, a quick ratio of 0.55 and a debt-to-equity ratio of 2.15. The company has a market cap of $10.96 billion, a PE ratio of 14.60, a PEG ratio of 2.21 and a beta of 0.73.

Service Co. International (NYSE:SCIGet Rating) last posted its earnings results on Tuesday, May 3rd. The company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.36. Service Co. International had a return on equity of 40.43% and a net margin of 19.00%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1 billion. During the same quarter in the prior year, the company earned $1.32 EPS. Service Co. International’s revenue was up 3.2% on a year-over-year basis. As a group, research analysts anticipate that Service Co. International will post 3.52 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 15th will be paid a dividend of $0.52 per share. This is a positive change from Service Co. International’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $2.08 annualized dividend and a yield of 3.01%. Service Co. International’s dividend payout ratio is presently 21.14%.

Service Co. International announced that its board has initiated a share repurchase plan on Wednesday, May 4th that authorizes the company to repurchase $394.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 3.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

A number of equities analysts have recently weighed in on the company. Oppenheimer increased their price target on Service Co. International from $64.00 to $74.00 in a report on Monday, May 9th. StockNews.com assumed coverage on Service Co. International in a report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research cut Service Co. International from a “strong-buy” rating to a “hold” rating and set a $74.00 price target for the company. in a report on Tuesday, April 19th. Finally, Credit Suisse Group increased their price target on Service Co. International from $80.00 to $81.00 and gave the stock an “outperform” rating in a report on Wednesday, February 16th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $76.00.

In other Service Co. International news, VP Gregory T. Sangalis sold 22,800 shares of the stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $69.29, for a total value of $1,579,812.00. Following the sale, the vice president now owns 128,181 shares of the company’s stock, valued at approximately $8,881,661.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.10% of the stock is currently owned by corporate insiders.

Service Co. International Company Profile (Get Rating)

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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