2,742 Shares in Service Co. International (NYSE:SCI) Bought by Prio Wealth Limited Partnership

Prio Wealth Limited Partnership purchased a new stake in shares of Service Co. International (NYSE:SCI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 2,742 shares of the company’s stock, valued at approximately $216,000.

A number of other large investors have also added to or reduced their stakes in the company. Select Equity Group L.P. raised its stake in shares of Service Co. International by 53.5% during the second quarter. Select Equity Group L.P. now owns 7,239,783 shares of the company’s stock valued at $514,966,000 after acquiring an additional 2,524,795 shares during the last quarter. Swedbank AB purchased a new position in Service Co. International during the 1st quarter valued at about $224,137,000. Dimensional Fund Advisors LP raised its position in Service Co. International by 7.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,942,559 shares of the company’s stock valued at $138,183,000 after purchasing an additional 135,017 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings 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 worth $142,875,000 after buying an additional 61,838 shares during the period. Finally, Coho Partners Ltd. grew its position in shares of Service Co. International by 10.6% in 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 own 85.53% of the company’s stock.

Insider Transactions at Service Co. International

In related news, Director Ellen Ochoa sold 2,642 shares of the business’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 document filed with the SEC, which is available at this hyperlink. In other news, CEO Thomas L. Ryan sold 80,638 shares of the 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 sale, the chief executive officer now directly owns 988,365 shares of the company’s stock, valued at approximately $73,109,359.05. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ellen Ochoa sold 2,642 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total value of $201,875.22. The disclosure for this sale can be found here. Insiders own 5.10% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded Service Co. International from a “hold” rating to a “sell” rating in a report on Thursday, August 1st.

Service Co. International Price Performance

Shares of NYSE SCI opened at $76.04 on Tuesday. The company has a debt-to-equity ratio of 3.05, a current ratio of 0.55 and a quick ratio of 0.51. Service Co. International has a 1 year low of $52.89 and a 1 year high of $81.32. The company’s 50-day moving average is $77.38 and its 200 day moving average is $73.76. The stock has a market capitalization of $10.98 billion, a P/E ratio of 22.17, a P/E/G ratio of 2.18 and a beta of 0.84.

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

Service Co. International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date was Friday, September 13th. Service Co. International’s dividend payout ratio (DPR) is presently 34.99%.

Service Co. International 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.