Rhumbline Advisers Sells 8,742 Shares of Service Co. International (SCI)

Rhumbline Advisers lowered its stake in Service Co. International (NYSE:SCI) by 2.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 397,286 shares of the company’s stock after selling 8,742 shares during the quarter. Rhumbline Advisers owned approximately 0.22% of Service Co. International worth $17,560,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB increased its position in shares of Service Co. International by 5.0% in the third quarter. Xact Kapitalforvaltning AB now owns 25,348 shares of the company’s stock valued at $1,120,000 after acquiring an additional 1,200 shares during the last quarter. Baird Financial Group Inc. increased its position in shares of Service Co. International by 20.0% in the second quarter. Baird Financial Group Inc. now owns 8,680 shares of the company’s stock valued at $311,000 after acquiring an additional 1,449 shares during the last quarter. BB&T Corp increased its position in shares of Service Co. International by 4.4% in the third quarter. BB&T Corp now owns 35,673 shares of the company’s stock valued at $1,578,000 after acquiring an additional 1,498 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Service Co. International by 21.5% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 9,202 shares of the company’s stock valued at $407,000 after acquiring an additional 1,628 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Service Co. International by 2.9% in the second quarter. Oregon Public Employees Retirement Fund now owns 72,600 shares of the company’s stock valued at $2,598,000 after acquiring an additional 2,072 shares during the last quarter. 89.73% of the stock is currently owned by institutional investors and hedge funds.

In other news, VP Gregory T. Sangalis sold 23,617 shares of the business’s stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $44.91, for a total transaction of $1,060,639.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Tammy R. Moore sold 24,500 shares of the business’s stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $45.00, for a total value of $1,102,500.00. Following the sale, the insider now owns 64,113 shares of the company’s stock, valued at approximately $2,885,085. The disclosure for this sale can be found here. Insiders have sold 355,100 shares of company stock valued at $15,711,115 in the last quarter. 6.20% of the stock is currently owned by corporate insiders.

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

Service Co. International stock opened at $43.91 on Friday. Service Co. International has a 52 week low of $35.19 and a 52 week high of $45.42. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.54 and a quick ratio of 0.49. The stock has a market cap of $7.95 billion, a P/E ratio of 28.33, a price-to-earnings-growth ratio of 1.94 and a beta of 1.03.

Service Co. International (NYSE:SCI) last posted its quarterly earnings results on Monday, October 29th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $762.60 million. During the same quarter in the previous year, the business posted $0.33 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, sell-side analysts predict that Service Co. International will post 1.82 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Thursday, December 13th. Service Co. International’s payout ratio is currently 43.87%.

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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.

Further Reading: What is a bull market?

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

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