Service Co. International (NYSE:SCI) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. trimmed its position in Service Co. International (NYSE:SCI) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 338,054 shares of the company’s stock after selling 3,871 shares during the quarter. PNC Financial Services Group Inc. owned about 0.23% of Service Co. International worth $26,983,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in shares of Service Co. International during the 4th quarter valued at approximately $25,000. Vision Financial Markets LLC purchased a new stake in Service Co. International in the fourth quarter valued at $52,000. Whipplewood Advisors LLC purchased a new stake in Service Co. International in the fourth quarter valued at $60,000. Farther Finance Advisors LLC lifted its stake in shares of Service Co. International by 36.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 926 shares of the company’s stock valued at $73,000 after purchasing an additional 249 shares during the last quarter. Finally, Quest Partners LLC grew its holdings in shares of Service Co. International by 110,300.0% during the 3rd quarter. Quest Partners LLC now owns 1,104 shares of the company’s stock worth $87,000 after purchasing an additional 1,103 shares during the period. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Insider Transactions at Service Co. International

In other news, Director Tony Coelho sold 6,500 shares of Service Co. International stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $79.29, for a total value of $515,385.00. Following the completion of the transaction, the director now owns 46,824 shares in the company, valued at approximately $3,712,674.96. This trade represents a 12.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 5.10% of the company’s stock.

Service Co. International Price Performance

SCI opened at $84.40 on Tuesday. The stock’s 50-day moving average price is $78.51 and its 200 day moving average price is $80.14. Service Co. International has a 12-month low of $67.19 and a 12-month high of $89.37. The firm has a market cap of $12.17 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 1.90 and a beta of 0.90. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.83.

Service Co. International (NYSE:SCI) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.06 earnings per share (EPS) for the quarter, hitting 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, sell-side analysts expect that Service Co. International will post 3.84 earnings per share for the current year.

Service Co. International Increases Dividend

The firm also recently declared 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 an increase from Service Co. International’s previous quarterly dividend of $0.31. The ex-dividend date is Friday, March 14th. This represents a $1.28 annualized dividend and a dividend yield of 1.52%. Service Co. International’s payout ratio is 36.06%.

Analyst Ratings Changes

SCI has been the topic of several research analyst reports. Oppenheimer boosted their price objective on shares of Service Co. International from $86.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, December 13th. StockNews.com downgraded shares of Service Co. International from a “hold” rating to a “sell” rating in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.50.

Service Co. International Company 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.