First Citizens Bank & Trust Co. Buys 3,706 Shares of Service Co. International (SCI)

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First Citizens Bank & Trust Co. boosted its stake in shares of Service Co. International (NYSE:SCI) by 39.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 13,071 shares of the company’s stock after buying an additional 3,706 shares during the period. First Citizens Bank & Trust Co.’s holdings in Service Co. International were worth $525,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Monument Capital Management grew its position in Service Co. International by 0.5% in the 4th quarter. Monument Capital Management now owns 56,811 shares of the company’s stock valued at $2,287,000 after acquiring an additional 277 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its position in Service Co. International by 0.5% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 55,911 shares of the company’s stock valued at $2,251,000 after acquiring an additional 277 shares during the last quarter. Brookmont Capital Management grew its position in Service Co. International by 2.5% in the 4th quarter. Brookmont Capital Management now owns 11,866 shares of the company’s stock valued at $478,000 after acquiring an additional 287 shares during the last quarter. Global Retirement Partners LLC grew its position in Service Co. International by 80.5% in the 4th quarter. Global Retirement Partners LLC now owns 789 shares of the company’s stock valued at $32,000 after acquiring an additional 352 shares during the last quarter. Finally, Lincoln Capital Corp grew its position in Service Co. International by 0.5% in the 1st quarter. Lincoln Capital Corp now owns 89,030 shares of the company’s stock valued at $3,575,000 after acquiring an additional 437 shares during the last quarter. Institutional investors own 87.78% of the company’s stock.

Shares of NYSE SCI opened at $41.86 on Monday. The company has a debt-to-equity ratio of 2.15, a current ratio of 0.60 and a quick ratio of 0.55. The firm has a market cap of $7.53 billion, a P/E ratio of 23.39, a P/E/G ratio of 1.92 and a beta of 1.06. Service Co. International has a 1-year low of $35.19 and a 1-year high of $47.09.

Service Co. International (NYSE:SCI) last issued its quarterly earnings data on Monday, February 18th. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). The company had revenue of $820.81 million for the quarter, compared to analysts’ expectations of $843.45 million. Service Co. International had a return on equity of 21.92% and a net margin of 14.02%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 earnings per share. As a group, equities analysts forecast that Service Co. International will post 1.93 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.18 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Service Co. International’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a yield of 1.72%. Service Co. International’s dividend payout ratio (DPR) is 40.22%.

In other Service Co. International news, VP Sumner J. Waring III sold 95,100 shares of the stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $42.65, for a total value of $4,056,015.00. Following the completion of the sale, the vice president now directly owns 428,631 shares in the company, valued at $18,281,112.15. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Tony Coelho sold 6,325 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $39.65, for a total value of $250,786.25. Following the completion of the sale, the director now owns 61,750 shares of the company’s stock, valued at $2,448,387.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,322,555 shares of company stock valued at $55,091,685. 6.60% of the stock is currently owned by company insiders.

SCI has been the topic of several research analyst reports. ValuEngine downgraded Service Co. International from a “buy” rating to a “hold” rating in a research report on Monday, March 11th. Zacks Investment Research raised Service Co. International from a “sell” rating to a “hold” rating in a research report on Tuesday, March 26th. Finally, Raymond James downgraded Service Co. International from a “strong-buy” rating to an “outperform” rating in a research report on Wednesday, February 20th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $46.75.

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

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