TIAA Trust National Association Has $402,000 Holdings in Service Co. International (NYSE:SCI)

TIAA Trust National Association decreased its holdings in Service Co. International (NYSE:SCI) by 8.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 5,031 shares of the company’s stock after selling 440 shares during the quarter. TIAA Trust National Association’s holdings in Service Co. International were worth $402,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Quest Partners LLC boosted its position in shares of Service Co. International by 110,300.0% during the third quarter. Quest Partners LLC now owns 1,104 shares of the company’s stock valued at $87,000 after buying an additional 1,103 shares during the last quarter. Raymond James Trust N.A. bought a new stake in shares of Service Co. International in the 3rd quarter worth $230,000. Cerity Partners LLC raised its holdings in shares of Service Co. International by 53.8% in the third quarter. Cerity Partners LLC now owns 51,863 shares of the company’s stock valued at $4,094,000 after purchasing an additional 18,132 shares during the last quarter. Fisher Asset Management LLC bought a new position in shares of Service Co. International during the third quarter valued at about $205,000. Finally, Bank of Montreal Can boosted its holdings in Service Co. International by 11.2% during the third quarter. Bank of Montreal Can now owns 27,570 shares of the company’s stock worth $2,161,000 after purchasing an additional 2,770 shares during the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Wall Street Analyst Weigh In

SCI has been the topic of several recent analyst reports. Oppenheimer lifted their target price on shares of Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. StockNews.com cut Service Co. International from a “hold” rating to a “sell” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Service Co. International presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.50.

Service Co. International Trading Down 0.5 %

Shares of SCI stock opened at $79.81 on Friday. 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 firm has a market cap of $11.51 billion, a P/E ratio of 22.48, a PEG ratio of 1.90 and a beta of 0.90. The company has a 50 day moving average of $78.91 and a 200-day moving average of $80.20. Service Co. International has a 12-month low of $67.19 and a 12-month high of $89.37.

Service Co. International (NYSE:SCI) last issued its earnings results on Wednesday, February 12th. The company reported $1.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.06. Service Co. International had a return on equity of 32.18% and a net margin of 12.39%. Sell-side analysts anticipate that Service Co. International will post 3.84 earnings per share for the current year.

Service Co. International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.32 dividend. The ex-dividend date is Friday, March 14th. This is a boost from Service Co. International’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 1.60%. Service Co. International’s payout ratio is 36.06%.

Insider Buying and Selling at Service Co. International

In other news, Director Tony Coelho sold 6,500 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were 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 directly owns 46,824 shares in the company, valued at $3,712,674.96. The trade was a 12.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Thomas L. Ryan sold 50,000 shares of the stock in a transaction on Monday, March 10th. The stock was 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 trade represents a 4.84 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.10% of the company’s stock.

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.