Johnson Financial Group Inc. Sells 3,333 Shares of Service Co. International (NYSE:SCI)

Johnson Financial Group Inc. cut its holdings in shares of Service Co. International (NYSE:SCI) by 26.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 9,268 shares of the company’s stock after selling 3,333 shares during the period. Johnson Financial Group Inc.’s holdings in Service Co. International were worth $634,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Massmutual Trust Co. FSB ADV raised its holdings in Service Co. International by 204.1% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 599 shares of the company’s stock valued at $41,000 after acquiring an additional 402 shares during the period. Larson Financial Group LLC bought a new stake in Service Co. International during the third quarter valued at about $36,000. M&R Capital Management Inc. raised its holdings in Service Co. International by 125.5% during the fourth quarter. M&R Capital Management Inc. now owns 902 shares of the company’s stock valued at $62,000 after acquiring an additional 502 shares during the period. GAMMA Investing LLC bought a new stake in Service Co. International during the fourth quarter valued at about $72,000. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in Service Co. International during the third quarter valued at about $80,000. 85.53% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Victor L. Lund sold 7,606 shares of Service Co. International stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $70.00, for a total value of $532,420.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Service Co. International news, Director Victor L. Lund sold 7,606 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $70.00, for a total transaction of $532,420.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Victor L. Lund sold 1,011 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $70.00, for a total value of $70,770.00. Following the transaction, the director now owns 7,606 shares of the company’s stock, valued at approximately $532,420. The disclosure for this sale can be found here. Over the last quarter, insiders sold 194,712 shares of company stock worth $14,473,020. Corporate insiders own 5.10% of the company’s stock.

Analyst Ratings Changes

SCI has been the topic of a number of recent analyst reports. Oppenheimer raised their price target on Service Co. International from $76.00 to $79.00 and gave the company an “outperform” rating in a report on Wednesday. UBS Group lifted their target price on Service Co. International from $83.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, May 17th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $76.80.

Service Co. International Price Performance

Shares of SCI stock traded up $0.62 during trading hours on Friday, hitting $71.84. The stock had a trading volume of 832,155 shares, compared to its average volume of 984,354. Service Co. International has a one year low of $52.89 and a one year high of $75.97. The company has a debt-to-equity ratio of 2.90, a current ratio of 0.62 and a quick ratio of 0.57. The stock’s 50-day moving average price is $71.10 and its two-hundred day moving average price is $68.71. The stock has a market capitalization of $10.46 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 1.92 and a beta of 0.81.

Service Co. International (NYSE:SCI) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.85 by $0.04. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.02 billion. Service Co. International had a return on equity of 32.23% and a net margin of 12.73%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the business posted $0.93 earnings per share. Equities analysts forecast that Service Co. International will post 3.66 EPS for the current year.

Service Co. International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.20 annualized dividend and a yield of 1.67%. Service Co. International’s dividend payout ratio is currently 33.33%.

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.