Legacy Capital Wealth Partners LLC Sells 2,806 Shares of Service Co. International (NYSE:SCI)

Legacy Capital Wealth Partners LLC decreased its position in Service Co. International (NYSE:SCI) by 40.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,095 shares of the company’s stock after selling 2,806 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in Service Co. International were worth $280,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Private Advisor Group LLC lifted its stake in shares of Service Co. International by 2.1% in the 3rd quarter. Private Advisor Group LLC now owns 9,318 shares of the company’s stock valued at $532,000 after purchasing an additional 188 shares during the period. HBK Sorce Advisory LLC boosted its holdings in shares of Service Co. International by 2.0% during the 3rd quarter. HBK Sorce Advisory LLC now owns 11,821 shares of the company’s stock valued at $675,000 after buying an additional 230 shares in the last quarter. Arizona State Retirement System grew its position in shares of Service Co. International by 0.6% in the 3rd quarter. Arizona State Retirement System now owns 43,262 shares of the company’s stock worth $2,472,000 after buying an additional 239 shares during the period. Steph & Co. increased its stake in shares of Service Co. International by 14.6% in the 3rd quarter. Steph & Co. now owns 2,307 shares of the company’s stock worth $132,000 after acquiring an additional 294 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its stake in shares of Service Co. International by 1.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 20,319 shares of the company’s stock worth $1,161,000 after acquiring an additional 294 shares in the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Thomas L. Ryan sold 16,580 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $72.20, for a total transaction of $1,197,076.00. Following the sale, the chief executive officer now owns 988,365 shares of the company’s stock, valued at approximately $71,359,953. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Thomas L. Ryan sold 16,580 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $72.20, for a total transaction of $1,197,076.00. Following the transaction, the chief executive officer now directly owns 988,365 shares of the company’s stock, valued at approximately $71,359,953. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Steven A. Tidwell sold 45,995 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $75.43, for a total value of $3,469,402.85. Following the completion of the transaction, the vice president now owns 54,354 shares in the company, valued at $4,099,922.22. The disclosure for this sale can be found here. In the last 90 days, insiders sold 202,675 shares of company stock valued at $15,066,906. 4.60% of the stock is owned by insiders.

Service Co. International Trading Up 1.7 %

Shares of NYSE SCI opened at $72.93 on Tuesday. The firm’s 50 day moving average price is $72.35 and its 200-day moving average price is $66.93. Service Co. International has a 52-week low of $52.89 and a 52-week high of $75.97. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.62 and a current ratio of 0.67. The company has a market cap of $10.68 billion, a PE ratio of 20.72, a P/E/G ratio of 1.96 and a beta of 0.81.

Service Co. International (NYSE:SCI) last issued its earnings results on Tuesday, February 13th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.91 by $0.02. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. Service Co. International had a return on equity of 32.88% and a net margin of 13.11%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the business posted $0.92 EPS. On average, equities research analysts expect that Service Co. International will post 3.62 EPS for the current fiscal year.

Service Co. International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.65%. This is an increase from Service Co. International’s previous quarterly dividend of $0.29. The ex-dividend date was Thursday, March 14th. Service Co. International’s dividend payout ratio (DPR) is presently 32.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Oppenheimer upped their price objective on shares of Service Co. International from $71.00 to $76.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. UBS Group upped their price target on Service Co. International from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $75.00.

Service Co. International Company Profile

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.