Boston Trust Walden Corp Cuts Stock Position in Service Co. International (NYSE:SCI)

Boston Trust Walden Corp decreased its holdings in shares of Service Co. International (NYSE:SCI) by 14.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 585,764 shares of the company’s stock after selling 99,082 shares during the period. Boston Trust Walden Corp’s holdings in Service Co. International were worth $46,234,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. nVerses Capital LLC increased its stake in Service Co. International by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 400 shares of the company’s stock worth $28,000 after buying an additional 200 shares in the last quarter. Whittier Trust Co. boosted its stake in shares of Service Co. International by 406.5% in the first quarter. Whittier Trust Co. now owns 542 shares of the company’s stock worth $40,000 after acquiring an additional 435 shares during the last quarter. Blue Trust Inc. increased its position in shares of Service Co. International by 121.9% during the second quarter. Blue Trust Inc. now owns 708 shares of the company’s stock worth $53,000 after purchasing an additional 389 shares in the last quarter. Quarry LP increased its position in shares of Service Co. International by 258.6% during the second quarter. Quarry LP now owns 789 shares of the company’s stock worth $56,000 after purchasing an additional 569 shares in the last quarter. Finally, Waldron Private Wealth LLC acquired a new position in Service Co. International in the 3rd quarter valued at $57,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Service Co. International from a “hold” rating to a “sell” rating in a report on Thursday, August 1st.

Service Co. International Trading Up 0.4 %

Shares of Service Co. International stock opened at $75.40 on Friday. The company has a debt-to-equity ratio of 3.05, a current ratio of 0.55 and a quick ratio of 0.51. The stock’s 50 day simple moving average is $77.41 and its 200-day simple moving average is $73.84. The stock has a market cap of $10.98 billion, a P/E ratio of 21.67, a P/E/G ratio of 2.19 and a beta of 0.84. Service Co. International has a 1-year low of $52.89 and a 1-year high of $81.32.

Service Co. International (NYSE:SCI) last issued its earnings results on Wednesday, July 31st. The company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.07). Service Co. International had a net margin of 12.32% and a return on equity of 32.07%. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the company earned $0.83 earnings per share. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. Analysts predict that Service Co. International will post 3.52 EPS for the current fiscal year.

Service Co. International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Friday, September 13th. Service Co. International’s dividend payout ratio (DPR) is presently 34.48%.

Insider Buying and Selling at Service Co. International

In other news, Director Ellen Ochoa sold 2,642 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total transaction of $201,875.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Thomas L. Ryan sold 80,638 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $73.97, for a total transaction of $5,964,792.86. Following the completion of the transaction, the chief executive officer now directly owns 988,365 shares in the company, valued at $73,109,359.05. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ellen Ochoa sold 2,642 shares of Service Co. International stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total value of $201,875.22. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by company insiders.

About Service Co. International

Service Corporation International provides deathcare products and services in the United States and Canada. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses. The company also provides professional services related to funerals and cremations, including the use of funeral home facilities and motor vehicles; arranging and directing services; and removal, preparation, embalming, cremation, memorialization, and travel protection, as well as catering services.