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

Johnson Financial Group Inc. lessened its stake in Service Co. International (NYSE:SCI) by 26.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,268 shares of the company’s stock after selling 3,333 shares during the quarter. Johnson Financial Group Inc.’s holdings in Service Co. International were worth $634,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Massmutual Trust Co. FSB ADV lifted 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 worth $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 worth $36,000. M&R Capital Management Inc. lifted 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 worth $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 worth $72,000. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in Service Co. International during the third quarter worth $80,000. Institutional investors own 85.53% of the company’s stock.

Insider Activity at Service Co. International

In related news, CEO Thomas L. Ryan sold 75,000 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $73.53, for a total transaction of $5,514,750.00. Following the sale, the chief executive officer now directly owns 988,365 shares in the company, valued at approximately $72,674,478.45. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director W Blair Waltrip sold 6,150 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $74.38, for a total transaction of $457,437.00. Following the completion of the transaction, the director now directly owns 597,948 shares in the company, valued at $44,475,372.24. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Thomas L. Ryan sold 75,000 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $73.53, for a total value of $5,514,750.00. Following the transaction, the chief executive officer now owns 988,365 shares of the company’s stock, valued at $72,674,478.45. The disclosure for this sale can be found here. In the last three months, insiders have sold 194,712 shares of company stock worth $14,473,020. 5.10% of the stock is owned by company insiders.

Service Co. International Stock Performance

Shares of SCI traded up $0.62 during mid-day trading on Friday, hitting $71.84. The stock had a trading volume of 832,155 shares, compared to its average volume of 984,354. The firm has a market cap of $10.46 billion, a P/E ratio of 20.64, a PEG ratio of 1.92 and a beta of 0.81. The business has a fifty day moving average price of $71.10 and a 200-day moving average price of $68.71. The company has a debt-to-equity ratio of 2.90, a current ratio of 0.62 and a quick ratio of 0.57. Service Co. International has a 52 week low of $52.89 and a 52 week high of $75.97.

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

Service Co. International Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Oppenheimer lifted their price target on Service Co. International from $76.00 to $79.00 and gave the stock an “outperform” rating in a report on Wednesday. UBS Group boosted their target price on Service Co. International from $83.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, May 17th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $76.80.

Service Co. International 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.