Principal Financial Group Inc. lifted its position in shares of Service Co. International (NYSE:SCI – Free Report) by 0.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 608,306 shares of the company’s stock after acquiring an additional 5,421 shares during the period. Principal Financial Group Inc. owned approximately 0.40% of Service Co. International worth $41,839,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Heritage Wealth Management LLC lifted its holdings in shares of Service Co. International by 100.0% during the 4th quarter. Heritage Wealth Management LLC now owns 2,976 shares of the company’s stock worth $206,000 after acquiring an additional 1,488 shares during the period. U.S. Capital Wealth Advisors LLC bought a new stake in shares of Service Co. International during the 4th quarter worth approximately $37,000. Swiss National Bank lifted its holdings in shares of Service Co. International by 1.2% during the 4th quarter. Swiss National Bank now owns 380,800 shares of the company’s stock worth $26,329,000 after acquiring an additional 4,400 shares during the period. JGP Wealth Management LLC lifted its holdings in shares of Service Co. International by 11.4% during the 1st quarter. JGP Wealth Management LLC now owns 111,198 shares of the company’s stock worth $7,648,000 after acquiring an additional 11,348 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Service Co. International by 11.2% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 78,861 shares of the company’s stock worth $5,424,000 after acquiring an additional 7,957 shares during the period. Institutional investors own 86.75% of the company’s stock.
Insider Activity
In other news, CEO Thomas L. Ryan sold 1,000 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $65.31, for a total transaction of $65,310.00. Following the completion of the transaction, the chief executive officer now owns 962,409 shares of the company’s stock, valued at $62,854,931.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Thomas L. Ryan sold 47,310 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $65.37, for a total transaction of $3,092,654.70. Following the completion of the sale, the chief executive officer now directly owns 962,409 shares in the company, valued at $62,912,676.33. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Thomas L. Ryan sold 1,000 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $65.31, for a total transaction of $65,310.00. Following the sale, the chief executive officer now owns 962,409 shares of the company’s stock, valued at $62,854,931.79. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 48,343 shares of company stock valued at $3,160,128. Insiders own 5.10% of the company’s stock.
Service Co. International Price Performance
Service Co. International (NYSE:SCI – Get Free Report) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.02. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $986.10 million. Service Co. International had a net margin of 12.11% and a return on equity of 31.72%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.84 earnings per share. Research analysts predict that Service Co. International will post 3.46 earnings per share for the current fiscal year.
Service Co. International Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.56 annualized dividend and a dividend yield of 2.52%. This is an increase from Service Co. International’s previous quarterly dividend of $0.27. Service Co. International’s dividend payout ratio (DPR) is presently 34.40%.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on SCI shares. StockNews.com started coverage on shares of Service Co. International in a research note on Thursday. They issued a “hold” rating for the company. Credit Suisse Group dropped their price objective on shares of Service Co. International from $85.00 to $80.00 and set an “outperform” rating for the company in a research note on Thursday, August 3rd. Finally, Raymond James dropped their price objective on shares of Service Co. International from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, August 4th.
Check Out Our Latest Report on Service Co. International
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.
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