Three Peaks Capital Management LLC decreased its stake in Service Co. International (NYSE:SCI) by 5.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 130,310 shares of the company’s stock after selling 7,577 shares during the period. Service Co. International accounts for 1.2% of Three Peaks Capital Management LLC’s portfolio, making the stock its 14th largest position. Three Peaks Capital Management LLC’s holdings in Service Co. International were worth $5,760,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in SCI. RWC Asset Management LLP bought a new stake in shares of Service Co. International in the 3rd quarter worth approximately $23,810,000. PNC Financial Services Group Inc. lifted its holdings in shares of Service Co. International by 3,875.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 529,192 shares of the company’s stock worth $18,940,000 after purchasing an additional 515,881 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Service Co. International by 3.0% in the 2nd quarter. BlackRock Inc. now owns 17,373,394 shares of the company’s stock worth $621,792,000 after purchasing an additional 499,259 shares during the last quarter. First Manhattan Co. lifted its holdings in shares of Service Co. International by 13.0% in the 3rd quarter. First Manhattan Co. now owns 4,098,667 shares of the company’s stock worth $181,161,000 after purchasing an additional 469,944 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its holdings in shares of Service Co. International by 30.5% in the 1st quarter. Allianz Asset Management GmbH now owns 1,291,491 shares of the company’s stock worth $48,742,000 after purchasing an additional 301,932 shares during the last quarter. 86.05% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Michael R. Webb sold 214,000 shares of Service Co. International stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $38.79, for a total transaction of $8,301,060.00. Following the transaction, the insider now directly owns 386,735 shares in the company, valued at approximately $15,001,450.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director W Blair Waltrip sold 50,000 shares of Service Co. International stock in a transaction on Monday, August 27th. The shares were sold at an average price of $42.50, for a total value of $2,125,000.00. Following the transaction, the director now owns 616,244 shares in the company, valued at $26,190,370. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 845,985 shares of company stock worth $33,859,909. 6.60% of the stock is owned by insiders.
SCI traded down $0.52 during trading hours on Tuesday, hitting $43.39. The company’s stock had a trading volume of 737,062 shares, compared to its average volume of 1,269,075. Service Co. International has a fifty-two week low of $33.16 and a fifty-two week high of $44.53. The company has a debt-to-equity ratio of 2.37, a current ratio of 0.56 and a quick ratio of 0.51. The stock has a market cap of $7.84 billion, a P/E ratio of 27.99, a P/E/G ratio of 1.89 and a beta of 0.96.
Service Co. International (NYSE:SCI) last posted its earnings results on Monday, July 30th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. Service Co. International had a return on equity of 23.37% and a net margin of 15.59%. The firm had revenue of $796.09 million for the quarter, compared to analysts’ expectations of $792.56 million. During the same period last year, the firm earned $0.35 EPS. The firm’s revenue was up 3.0% compared to the same quarter last year. Equities analysts anticipate that Service Co. International will post 1.85 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 14th were given a $0.18 dividend. This is a boost from Service Co. International’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend was Thursday, September 13th. Service Co. International’s dividend payout ratio (DPR) is currently 43.87%.
Service Co. International 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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