Public Employees Retirement Association of Colorado cut its position in shares of Service Corp. International (NYSE:SCI) by 0.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,651,697 shares of the company’s stock after selling 7,342 shares during the period. Public Employees Retirement Association of Colorado owned approximately 0.85% of Service Corp. International worth $44,662,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Teachers Advisors Inc. boosted its stake in shares of Service Corp. International by 1.3% in the first quarter. Teachers Advisors Inc. now owns 190,927 shares of the company’s stock worth $4,712,000 after buying an additional 2,519 shares during the last quarter. Ngam Advisors L.P. purchased a new stake in shares of Service Corp. International during the first quarter worth about $1,940,000. IFP Advisors Inc boosted its stake in shares of Service Corp. International by 6.0% in the first quarter. IFP Advisors Inc now owns 5,767 shares of the company’s stock worth $142,000 after buying an additional 325 shares during the last quarter. Finally, Aperio Group LLC boosted its stake in shares of Service Corp. International by 6.9% in the first quarter. Aperio Group LLC now owns 34,258 shares of the company’s stock worth $845,000 after buying an additional 2,202 shares during the last quarter. 83.27% of the stock is currently owned by institutional investors.

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

Shares of Service Corp. International (NYSE:SCI) traded up 1.000% on Monday, reaching $26.775. 482,351 shares of the company were exchanged. Service Corp. International has a 12-month low of $20.21 and a 12-month high of $29.68. The firm has a market capitalization of $5.18 billion, a PE ratio of 29.198 and a beta of 0.81. The company’s 50 day moving average is $26.51 and its 200 day moving average is $26.57.

Service Corp. International (NYSE:SCI) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by $0.01. The firm had revenue of $751.70 million for the quarter, compared to analysts’ expectations of $766.81 million. Service Corp. International had a net margin of 6.13% and a return on equity of 19.48%. Service Corp. International’s revenue was down .4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.28 EPS. Analysts forecast that Service Corp. International will post $1.24 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $0.52 annualized dividend and a yield of 1.96%. Service Corp. International’s dividend payout ratio is currently 57.14%.

A number of research analysts recently commented on the stock. Bank of America Corp. assumed coverage on shares of Service Corp. International in a research note on Friday, September 30th. They issued a “buy” rating and a $32.00 price target on the stock. Oppenheimer Holdings Inc. upped their price target on shares of Service Corp. International from $29.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, July 28th. Zacks Investment Research lowered shares of Service Corp. International from a “buy” rating to a “hold” rating in a research note on Saturday, July 2nd. Finally, Wells Fargo & Co. assumed coverage on shares of Service Corp. International in a research note on Tuesday, August 2nd. They issued a “market perform” rating on the stock.

In related news, insider Michael R. Webb sold 93,300 shares of the business’s stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $26.03, for a total transaction of $2,428,599.00. Following the completion of the transaction, the insider now owns 514,203 shares of the company’s stock, valued at $13,384,704.09. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Thomas L. Ryan sold 208,444 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $27.05, for a total transaction of $5,638,410.20. Following the transaction, the chief executive officer now directly owns 1,283,553 shares of the company’s stock, valued at approximately $34,720,108.65. The disclosure for this sale can be found here. Corporate insiders own 6.00% of the company’s stock.

Service Corp. International Company Profile

Service Corporation International is a provider of deathcare products and services, with a network of funeral service locations and cemeteries. The Company’s segments are funeral and cemetery operations. The Company conducts both funeral and cemetery operations in the United States and Canada. It operates over 1,535 funeral service locations and over 470 cemeteries, which are diversified across over 45 states, over eight Canadian provinces, the District of Columbia, and Puerto Rico.

5 Day Chart for NYSE:SCI

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