Millennium Management LLC Raises Stake in Service Co. International (SCI)

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Millennium Management LLC grew its holdings in Service Co. International (NYSE:SCI) by 210.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,982 shares of the company’s stock after purchasing an additional 64,421 shares during the period. Millennium Management LLC owned about 0.05% of Service Co. International worth $3,824,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Monument Capital Management grew its stake in shares of Service Co. International by 0.5% in the 4th quarter. Monument Capital Management now owns 56,811 shares of the company’s stock valued at $2,287,000 after buying an additional 277 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its stake in shares of Service Co. International by 0.5% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 55,911 shares of the company’s stock valued at $2,251,000 after buying an additional 277 shares in the last quarter. Brookmont Capital Management grew its stake in shares of Service Co. International by 2.5% in the 4th quarter. Brookmont Capital Management now owns 11,866 shares of the company’s stock valued at $478,000 after buying an additional 287 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of Service Co. International by 6.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 9,756 shares of the company’s stock valued at $393,000 after buying an additional 554 shares in the last quarter. Finally, Lavaca Capital LLC bought a new stake in shares of Service Co. International in the 4th quarter valued at approximately $28,000. Institutional investors own 87.77% of the company’s stock.

In other Service Co. International news, Director Tony Coelho sold 6,325 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $39.65, for a total transaction of $250,786.25. Following the completion of the sale, the director now owns 61,750 shares of the company’s stock, valued at $2,448,387.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Sumner J. Waring III sold 95,100 shares of the company’s stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $42.65, for a total value of $4,056,015.00. Following the sale, the vice president now directly owns 428,631 shares of the company’s stock, valued at approximately $18,281,112.15. The disclosure for this sale can be found here. Insiders have sold 1,322,555 shares of company stock valued at $55,091,685 in the last ninety days. Company insiders own 5.50% of the company’s stock.

Several brokerages recently commented on SCI. Zacks Investment Research cut Service Co. International from a “hold” rating to a “sell” rating in a research note on Thursday, April 11th. ValuEngine cut Service Co. International from a “buy” rating to a “hold” rating in a research note on Monday, March 11th. Finally, Raymond James cut Service Co. International from a “strong-buy” rating to an “outperform” rating in a research note on Wednesday, February 20th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $46.75.

Shares of Service Co. International stock opened at $41.52 on Thursday. The company has a market cap of $7.58 billion, a price-to-earnings ratio of 23.20, a P/E/G ratio of 1.96 and a beta of 1.06. The company has a debt-to-equity ratio of 2.15, a current ratio of 0.60 and a quick ratio of 0.55. Service Co. International has a 12-month low of $35.19 and a 12-month high of $47.09.

Service Co. International (NYSE:SCI) last announced its earnings results on Monday, February 18th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). The company had revenue of $820.81 million for the quarter, compared to the consensus estimate of $843.45 million. Service Co. International had a return on equity of 21.92% and a net margin of 14.02%. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.50 EPS. As a group, equities analysts predict that Service Co. International will post 1.93 EPS for the current fiscal year.

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

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About Service Co. International

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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