Copeland Capital Management LLC boosted its position in shares of Service Co. International (NYSE:SCI) by 0.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 231,395 shares of the company’s stock after acquiring an additional 1,521 shares during the quarter. Copeland Capital Management LLC owned 0.13% of Service Co. International worth $11,062,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of SCI. BBVA USA Bancshares Inc. bought a new stake in Service Co. International during the third quarter worth $74,908,000. Atlanta Capital Management Co. L L C raised its position in Service Co. International by 52.2% during the second quarter. Atlanta Capital Management Co. L L C now owns 3,580,662 shares of the company’s stock worth $167,503,000 after acquiring an additional 1,227,900 shares in the last quarter. Nuveen Asset Management LLC raised its position in Service Co. International by 2,121.3% during the second quarter. Nuveen Asset Management LLC now owns 1,070,670 shares of the company’s stock worth $50,087,000 after acquiring an additional 1,022,470 shares in the last quarter. Mackenzie Financial Corp raised its position in Service Co. International by 77.1% during the second quarter. Mackenzie Financial Corp now owns 1,441,570 shares of the company’s stock worth $67,437,000 after acquiring an additional 627,607 shares in the last quarter. Finally, Balyasny Asset Management LLC bought a new stake in Service Co. International during the second quarter worth $24,224,000. 88.66% of the stock is currently owned by hedge funds and other institutional investors.
In other Service Co. International news, insider Tammy R. Moore sold 51,600 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $46.83, for a total value of $2,416,428.00. Following the transaction, the insider now directly owns 62,163 shares in the company, valued at $2,911,093.29. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Thomas L. Ryan sold 108,099 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $47.31, for a total transaction of $5,114,163.69. Following the completion of the transaction, the chief executive officer now owns 1,051,645 shares in the company, valued at $49,753,324.95. The disclosure for this sale can be found here. Over the last quarter, insiders sold 546,797 shares of company stock worth $25,851,253. Corporate insiders own 5.50% of the company’s stock.
NYSE:SCI opened at $43.99 on Tuesday. Service Co. International has a one year low of $37.52 and a one year high of $48.69. The company has a market cap of $8.04 billion, a P/E ratio of 24.58, a P/E/G ratio of 2.06 and a beta of 0.89. The firm’s fifty day moving average price is $46.01 and its two-hundred day moving average price is $45.67. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.63 and a quick ratio of 0.58.
Service Co. International (NYSE:SCI) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.01). Service Co. International had a net margin of 12.98% and a return on equity of 19.90%. The company had revenue of $769.20 million during the quarter, compared to analyst estimates of $790.05 million. During the same quarter in the prior year, the firm earned $0.35 earnings per share. Service Co. International’s revenue for the quarter was down 1.2% on a year-over-year basis. As a group, equities research analysts expect that Service Co. International will post 1.9 earnings per share for the current year.
Service Co. International declared that its board has approved a stock buyback plan on Wednesday, August 14th that authorizes the company to repurchase $246.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.
Service Co. International 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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