Thrivent Financial for Lutherans Acquires 3,216 Shares of Service Co. International (SCI)

Thrivent Financial for Lutherans increased its position in Service Co. International (NYSE:SCI) by 7.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 46,365 shares of the company’s stock after purchasing an additional 3,216 shares during the period. Thrivent Financial for Lutherans’ holdings in Service Co. International were worth $1,867,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Lavaca Capital LLC bought a new position in Service Co. International in the 4th quarter worth $28,000. Parkside Financial Bank & Trust bought a new position in Service Co. International in the 4th quarter worth $35,000. Lloyds Banking Group plc bought a new position in Service Co. International in the 4th quarter worth $47,000. Enlightenment Research LLC bought a new position in Service Co. International in the 4th quarter worth $60,000. Finally, Oregon Public Employees Retirement Fund raised its holdings in Service Co. International by 3,926.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,859,748 shares of the company’s stock worth $71,000 after acquiring an additional 2,788,716 shares during the period. 87.77% of the stock is owned by hedge funds and other institutional investors.

In other Service Co. International news, Director Tony Coelho sold 6,325 shares of the business’s 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 transaction, the director now directly owns 61,750 shares in the company, valued at $2,448,387.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Sumner J. Waring III sold 95,100 shares of the business’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $42.65, for a total transaction of $4,056,015.00. Following the completion of the transaction, the vice president now directly owns 428,631 shares of the company’s stock, valued at $18,281,112.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,322,555 shares of company stock worth $55,091,685. 5.50% of the stock is owned by company insiders.

Several research analysts have recently issued reports on SCI shares. Zacks Investment Research upgraded shares of Service Co. International from a “sell” rating to a “hold” rating in a report on Wednesday. Raymond James downgraded shares of Service Co. International from a “strong-buy” rating to an “outperform” rating in a report on Wednesday, February 20th. Finally, ValuEngine downgraded shares of Service Co. International from a “buy” rating to a “hold” rating in a report on Monday, March 11th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $46.75.

Shares of Service Co. International stock traded up $0.17 during trading on Wednesday, hitting $41.64. 1,883,734 shares of the company’s stock traded hands, compared to its average volume of 1,176,067. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.55 and a current ratio of 0.60. Service Co. International has a twelve month low of $35.19 and a twelve month high of $47.09. The firm has a market cap of $7.53 billion, a P/E ratio of 23.26, a price-to-earnings-growth ratio of 1.92 and a beta of 1.06.

Service Co. International (NYSE:SCI) last issued its earnings results on Wednesday, April 24th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.06. Service Co. International had a net margin of 14.02% and a return on equity of 21.92%. The business had revenue of $798.20 million for the quarter, compared to analyst estimates of $791.85 million. During the same period in the previous year, the business earned $0.47 EPS. The firm’s revenue was up .5% on a year-over-year basis. On average, equities analysts forecast that Service Co. International will post 1.93 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.18 per share. This is a positive change from Service Co. International’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a dividend yield of 1.73%. The ex-dividend date was Thursday, March 14th. Service Co. International’s payout ratio is 40.22%.

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

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