Canada Pension Plan Investment Board purchased a new position in shares of Service Corporation International (NYSE:SCI) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 139,300 shares of the company’s stock, valued at approximately $4,806,000. Canada Pension Plan Investment Board owned approximately 0.07% of Service Corporation International as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Leavell Investment Management Inc. boosted its position in shares of Service Corporation International by 9.3% during the third quarter. Leavell Investment Management Inc. now owns 19,924 shares of the company’s stock worth $687,000 after purchasing an additional 1,700 shares in the last quarter. Aperio Group LLC lifted its position in Service Corporation International by 7.7% in the 3rd quarter. Aperio Group LLC now owns 49,425 shares of the company’s stock valued at $1,705,000 after acquiring an additional 3,546 shares in the last quarter. BB&T Corp lifted its position in Service Corporation International by 7.6% in the 3rd quarter. BB&T Corp now owns 33,856 shares of the company’s stock valued at $1,169,000 after acquiring an additional 2,389 shares in the last quarter. 361 Capital LLC lifted its position in Service Corporation International by 22.4% in the 2nd quarter. 361 Capital LLC now owns 184,704 shares of the company’s stock valued at $6,178,000 after acquiring an additional 33,748 shares in the last quarter. Finally, Green Square Capital LLC bought a new stake in Service Corporation International in the 2nd quarter valued at $262,000. 85.47% of the stock is currently owned by institutional investors.
In other Service Corporation International news, CFO Eric D. Tanzberger sold 187,100 shares of Service Corporation International stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $34.93, for a total value of $6,535,403.00. Following the sale, the chief financial officer now directly owns 150,217 shares in the company, valued at approximately $5,247,079.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael R. Webb sold 202,000 shares of Service Corporation International stock in a transaction on Friday, September 8th. The shares were sold at an average price of $34.70, for a total transaction of $7,009,400.00. Following the completion of the sale, the insider now owns 622,903 shares in the company, valued at $21,614,734.10. The disclosure for this sale can be found here. Insiders sold a total of 604,800 shares of company stock worth $21,109,153 over the last quarter. Company insiders own 6.20% of the company’s stock.
Several equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Service Corporation International from a “sell” rating to a “hold” rating and set a $40.00 price objective on the stock in a research report on Saturday, October 28th. BidaskClub raised shares of Service Corporation International from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 19th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $39.75.
Shares of Service Corporation International (SCI) opened at $34.79 on Wednesday. The company has a market cap of $6,523.96, a price-to-earnings ratio of 22.75, a P/E/G ratio of 2.07 and a beta of 0.96. Service Corporation International has a 52-week low of $25.75 and a 52-week high of $36.56. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.70 and a quick ratio of 0.65.
Service Corporation International (NYSE:SCI) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.27 by $0.06. The business had revenue of $731.30 million for the quarter, compared to analysts’ expectations of $735.62 million. Service Corporation International had a net margin of 11.83% and a return on equity of 24.85%. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.26 EPS. equities analysts predict that Service Corporation International will post 1.49 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Wednesday, November 15th will be paid a $0.15 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.60 annualized dividend and a yield of 1.72%. Service Corporation International’s payout ratio is currently 31.58%.
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About Service Corporation International
Service Corporation International is a provider of deathcare products and services, with a network of funeral service locations and cemeteries. The Company’s segments include Funeral, Cemetery and Corporate. It conducts both funeral and cemetery operations in the United States and Canada. As December 31, 2016, it operated 1,502 funeral service locations and 470 cemeteries, including 281 funeral service/cemetery combination locations, which are geographically diversified across 45 states, eight Canadian provinces, the District of Columbia, and Puerto Rico.
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