Capital International Investors Purchases 1,751 Shares of Service Co. International (NYSE:SCI)

Capital International Investors grew its position in shares of Service Co. International (NYSE:SCI) by 0.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,776,148 shares of the company’s stock after acquiring an additional 1,751 shares during the quarter. Capital International Investors owned about 1.92% of Service Co. International worth $221,592,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in Service Co. International during the fourth quarter worth $25,000. Mizuho Bank Ltd. acquired a new stake in shares of Service Co. International in the 4th quarter worth about $40,000. Resona Asset Management Co. Ltd. bought a new position in Service Co. International in the 4th quarter valued at about $40,000. Vision Financial Markets LLC acquired a new position in Service Co. International during the 4th quarter valued at about $52,000. Finally, Whipplewood Advisors LLC bought a new stake in Service Co. International during the 4th quarter worth approximately $60,000. 85.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Service Co. International

In other news, Director Tony Coelho sold 6,500 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $79.29, for a total transaction of $515,385.00. Following the completion of the transaction, the director now owns 46,824 shares in the company, valued at approximately $3,712,674.96. This represents a 12.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas L. Ryan sold 50,000 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $84.56, for a total value of $4,228,000.00. Following the completion of the sale, the chief executive officer now owns 982,333 shares in the company, valued at $83,066,078.48. This represents a 4.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.40% of the company’s stock.

Service Co. International Price Performance

Shares of NYSE SCI opened at $77.55 on Friday. The company has a market capitalization of $11.17 billion, a PE ratio of 21.85, a PEG ratio of 1.90 and a beta of 0.81. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.83. The stock’s 50 day moving average price is $78.71 and its 200-day moving average price is $79.98. Service Co. International has a twelve month low of $67.19 and a twelve month high of $89.37.

Service Co. International (NYSE:SCI) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $1.06 earnings per share for the quarter, hitting the consensus estimate of $1.06. Service Co. International had a return on equity of 32.18% and a net margin of 12.39%. On average, equities analysts anticipate that Service Co. International will post 3.84 EPS for the current year.

Service Co. International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.32 dividend. This is a positive change from Service Co. International’s previous quarterly dividend of $0.31. The ex-dividend date was Friday, March 14th. This represents a $1.28 annualized dividend and a yield of 1.65%. Service Co. International’s payout ratio is currently 36.06%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Service Co. International from a “sell” rating to a “hold” rating in a report on Thursday, April 3rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Service Co. International currently has an average rating of “Moderate Buy” and a consensus price target of $88.50.

About Service Co. International

Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery segments. The Funeral segment offers services related to cremations, including the use of home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, memorialization, and catering.