Plimoth Trust Co. LLC Has $226,000 Stock Position in Service Co. International (NYSE:SCI)

Plimoth Trust Co. LLC lowered its position in shares of Service Co. International (NYSE:SCI) by 14.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,860 shares of the company’s stock after selling 500 shares during the quarter. Plimoth Trust Co. LLC’s holdings in Service Co. International were worth $226,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Swedbank AB bought a new position in Service Co. International during the 1st quarter worth $224,137,000. Select Equity Group L.P. lifted its position in Service Co. International by 53.5% during the second quarter. Select Equity Group L.P. now owns 7,239,783 shares of the company’s stock worth $514,966,000 after purchasing an additional 2,524,795 shares during the period. Jennison Associates LLC grew its stake in Service Co. International by 430.3% during the first quarter. Jennison Associates LLC now owns 357,075 shares of the company’s stock worth $26,499,000 after buying an additional 289,741 shares in the last quarter. Millennium Management LLC increased its holdings in Service Co. International by 646.5% in the 2nd quarter. Millennium Management LLC now owns 267,860 shares of the company’s stock valued at $19,053,000 after buying an additional 231,980 shares during the period. Finally, Lombard Odier Asset Management Europe Ltd acquired a new position in shares of Service Co. International in the 2nd quarter valued at approximately $14,226,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Thomas L. Ryan sold 80,638 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $73.97, for a total value of $5,964,792.86. Following the completion of the transaction, the chief executive officer now directly owns 988,365 shares of the company’s stock, valued at $73,109,359.05. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Service Co. International news, Director Ellen Ochoa sold 2,642 shares of Service Co. International stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total transaction of $201,875.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas L. Ryan sold 80,638 shares of Service Co. International stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $73.97, for a total transaction of $5,964,792.86. Following the sale, the chief executive officer now directly owns 988,365 shares of the company’s stock, valued at $73,109,359.05. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.10% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Service Co. International from a “hold” rating to a “sell” rating in a report on Thursday, August 1st.

Service Co. International Stock Up 0.3 %

Service Co. International stock traded up $0.26 during midday trading on Monday, hitting $76.04. 630,351 shares of the stock were exchanged, compared to its average volume of 899,039. The stock has a market capitalization of $10.98 billion, a price-to-earnings ratio of 22.21, a price-to-earnings-growth ratio of 2.18 and a beta of 0.84. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 3.05. The business’s 50-day moving average price is $77.34 and its 200-day moving average price is $73.73. Service Co. International has a 52-week low of $52.89 and a 52-week high of $81.32.

Service Co. International (NYSE:SCI) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.07). Service Co. International had a return on equity of 32.07% and a net margin of 12.32%. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the firm posted $0.83 earnings per share. Service Co. International’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, research analysts expect that Service Co. International will post 3.52 EPS for the current fiscal year.

Service Co. International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.20 annualized dividend and a dividend yield of 1.58%. Service Co. International’s payout ratio is 34.99%.

Service Co. International Profile

Service Corporation International provides deathcare products and services in the United States and Canada. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses. The company also provides professional services related to funerals and cremations, including the use of funeral home facilities and motor vehicles; arranging and directing services; and removal, preparation, embalming, cremation, memorialization, and travel protection, as well as catering services.