Service Co. International (NYSE:SCI) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its position in Service Co. International (NYSE:SCI) by 8.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,459,377 shares of the company’s stock after purchasing an additional 118,832 shares during the period. Bank of New York Mellon Corp owned about 1.01% of Service Co. International worth $116,487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in SCI. Franklin Resources Inc. grew its holdings in shares of Service Co. International by 263.1% during the third quarter. Franklin Resources Inc. now owns 15,912 shares of the company’s stock worth $1,206,000 after buying an additional 11,530 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Service Co. International by 7,802.1% during the third quarter. International Assets Investment Management LLC now owns 7,586 shares of the company’s stock worth $599,000 after buying an additional 7,490 shares during the period. Geode Capital Management LLC boosted its stake in Service Co. International by 5.1% during the third quarter. Geode Capital Management LLC now owns 3,211,902 shares of the company’s stock worth $253,567,000 after buying an additional 156,086 shares during the period. Premier Fund Managers Ltd boosted its stake in Service Co. International by 23.9% during the third quarter. Premier Fund Managers Ltd now owns 1,093,723 shares of the company’s stock worth $85,721,000 after buying an additional 210,802 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Service Co. International by 1.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 185,277 shares of the company’s stock worth $14,348,000 after purchasing an additional 3,375 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Service Co. International Stock Performance

Shares of Service Co. International stock opened at $81.10 on Friday. The firm’s fifty day simple moving average is $78.52 and its 200-day simple moving average is $79.86. The stock has a market capitalization of $11.70 billion, a price-to-earnings ratio of 22.85, a PEG ratio of 1.90 and a beta of 0.87. Service Co. International has a 12 month low of $67.19 and a 12 month high of $89.37. The company has a debt-to-equity ratio of 2.83, a current ratio of 0.52 and a quick ratio of 0.48.

Service Co. International (NYSE:SCI) last announced its quarterly earnings data 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 net margin of 12.39% and a return on equity of 32.18%. As a group, equities analysts forecast that Service Co. International will post 3.84 earnings per share for the current year.

Service Co. International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.32 dividend. This is a boost from Service Co. International’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of 1.58%. The ex-dividend date is Friday, March 14th. Service Co. International’s payout ratio is currently 36.06%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SCI. Oppenheimer increased their price target 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 shares of Service Co. International from a “hold” rating to a “sell” rating in a report on Wednesday. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.50.

Service Co. International Profile

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.