Bank of New York Mellon Corp boosted its stake in shares of Service Corporation International (NYSE:SCI) by 0.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,765,479 shares of the company’s stock after buying an additional 683 shares during the period. Bank of New York Mellon Corp owned approximately 1.48% of Service Corporation International worth $92,506,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Teachers Advisors LLC increased its position in shares of Service Corporation International by 8.3% in the fourth quarter. Teachers Advisors LLC now owns 209,485 shares of the company’s stock valued at $5,949,000 after buying an additional 16,070 shares during the period. Capstone Asset Management Co. increased its position in shares of Service Corporation International by 1.8% in the first quarter. Capstone Asset Management Co. now owns 21,095 shares of the company’s stock valued at $651,000 after buying an additional 380 shares during the period. State of Alaska Department of Revenue increased its position in shares of Service Corporation International by 5.2% in the first quarter. State of Alaska Department of Revenue now owns 19,454 shares of the company’s stock valued at $600,000 after buying an additional 959 shares during the period. BTIM Corp. increased its position in shares of Service Corporation International by 2.8% in the first quarter. BTIM Corp. now owns 221,687 shares of the company’s stock valued at $6,846,000 after buying an additional 5,954 shares during the period. Finally, Acadian Asset Management LLC increased its position in shares of Service Corporation International by 72,879.7% in the first quarter. Acadian Asset Management LLC now owns 316,002 shares of the company’s stock valued at $9,758,000 after buying an additional 315,569 shares during the period. Institutional investors and hedge funds own 86.66% of the company’s stock.

Service Corporation International (NYSE:SCI) opened at 35.51 on Friday. Service Corporation International has a 1-year low of $24.90 and a 1-year high of $35.89. The company has a market capitalization of $6.65 billion, a P/E ratio of 19.25 and a beta of 0.93. The firm’s 50-day moving average is $34.68 and its 200-day moving average is $32.31.

Service Corporation International (NYSE:SCI) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. Service Corporation International had a return on equity of 24.67% and a net margin of 11.59%. The business had revenue of $773.20 million for the quarter, compared to analysts’ expectations of $769.57 million. During the same quarter in the prior year, the business earned $0.28 EPS. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. Equities research analysts predict that Service Corporation International will post $1.47 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Thursday, September 14th. Service Corporation International’s dividend payout ratio (DPR) is presently 32.43%.

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SCI has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Service Corporation International from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Saturday, April 29th. Deutsche Bank AG initiated coverage on shares of Service Corporation International in a research note on Monday, May 1st. They issued a “buy” rating and a $40.00 target price for the company. BidaskClub downgraded shares of Service Corporation International from a “hold” rating to a “sell” rating in a research note on Saturday, June 10th. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $37.00 target price (up from $34.00) on shares of Service Corporation International in a research note on Friday, July 21st. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $37.25.

In related news, Director Edward E. Williams sold 10,000 shares of the stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $32.12, for a total value of $321,200.00. Following the sale, the director now owns 165,372 shares in the company, valued at approximately $5,311,748.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas L. Ryan sold 100,000 shares of the stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $31.80, for a total value of $3,180,000.00. Following the completion of the sale, the chief executive officer now owns 1,175,109 shares in the company, valued at approximately $37,368,466.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 210,000 shares of company stock worth $6,725,578. 6.20% of the stock is owned by company insiders.

Service Corporation 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 include Funeral, Cemetery and Corporate. It conducts both funeral and cemetery operations in the United States and Canada. As December 31, 2016, it operated 1,502 funeral service locations and 470 cemeteries, including 281 funeral service/cemetery combination locations, which are geographically diversified across 45 states, eight Canadian provinces, the District of Columbia, and Puerto Rico.

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

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