First Hawaiian Bank increased its holdings in shares of Service Co. International (NYSE:SCI – Get Rating) by 24.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 3,737 shares of the company’s stock after purchasing an additional 735 shares during the quarter. First Hawaiian Bank’s holdings in Service Co. International were worth $246,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Covestor Ltd purchased a new position in Service Co. International during the fourth quarter worth about $26,000. Charter Oak Capital Management LLC purchased a new position in Service Co. International during the fourth quarter worth about $33,000. Cassady Schiller Wealth Management LLC purchased a new position in Service Co. International during the fourth quarter worth about $35,000. First Command Financial Services Inc. purchased a new position in Service Co. International during the fourth quarter worth about $39,000. Finally, Sageworth Trust Co of South Dakota purchased a new position in Service Co. International during the fourth quarter worth about $42,000. Hedge funds and other institutional investors own 84.03% of the company’s stock.
In other Service Co. International news, Director Ellen Ochoa sold 2,613 shares of the firm’s stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of $68.90, for a total transaction of $180,035.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas L. Ryan sold 12,153 shares of the firm’s stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $69.22, for a total value of $841,230.66. Following the sale, the chief executive officer now owns 968,909 shares of the company’s stock, valued at approximately $67,067,880.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 186,216 shares of company stock valued at $13,088,279. Insiders own 5.10% of the company’s stock.
Service Co. International stock opened at $66.85 on Friday. The company has a debt-to-equity ratio of 2.15, a current ratio of 0.59 and a quick ratio of 0.55. Service Co. International has a 12 month low of $51.96 and a 12 month high of $72.07. The company has a market cap of $10.61 billion, a price-to-earnings ratio of 14.13, a price-to-earnings-growth ratio of 2.14 and a beta of 0.72. The stock’s 50-day moving average is $68.23 and its 200-day moving average is $66.00.
Service Co. International (NYSE:SCI – Get Rating) last posted its earnings results on Tuesday, May 3rd. The company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.35. Service Co. International had a return on equity of 40.43% and a net margin of 19.00%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter last year, the firm earned $1.32 earnings per share. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. Research analysts anticipate that Service Co. International will post 3.52 EPS for the current year.
Service Co. International announced that its Board of Directors has authorized a share repurchase plan on Wednesday, May 4th that allows the company to buyback $394.00 million in shares. This buyback authorization allows the company to reacquire up to 3.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th will be paid a $0.52 dividend. The ex-dividend date is Tuesday, June 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.11%. This is a positive change from Service Co. International’s previous quarterly dividend of $0.25. Service Co. International’s dividend payout ratio (DPR) is 21.14%.
A number of equities analysts have recently commented on SCI shares. StockNews.com started coverage on Service Co. International in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Oppenheimer raised their price objective on Service Co. International from $64.00 to $74.00 in a report on Monday, May 9th.
Service Co. International Profile (Get Rating)
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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