Mutual of America Capital Management LLC Sells 2,298 Shares of Service Co. International (NYSE:SCI)

Mutual of America Capital Management LLC decreased its position in Service Co. International (NYSE:SCI) by 2.9% during the fourth quarter, HoldingsChannel reports. The firm owned 76,400 shares of the company’s stock after selling 2,298 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Service Co. International were worth $6,098,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Whipplewood Advisors LLC bought a new position in shares of Service Co. International in the fourth quarter valued at approximately $60,000. Farther Finance Advisors LLC grew its stake in shares of Service Co. International by 36.8% in the third quarter. Farther Finance Advisors LLC now owns 926 shares of the company’s stock worth $73,000 after acquiring an additional 249 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Service Co. International in the third quarter worth $80,000. Quest Partners LLC grew its stake in shares of Service Co. International by 110,300.0% in the third quarter. Quest Partners LLC now owns 1,104 shares of the company’s stock worth $87,000 after acquiring an additional 1,103 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Service Co. International by 20.1% in the fourth quarter. Blue Trust Inc. now owns 1,397 shares of the company’s stock worth $110,000 after acquiring an additional 234 shares during the last quarter. Institutional investors own 85.53% of the company’s stock.

Service Co. International Trading Down 1.3 %

Shares of Service Co. International stock opened at $79.96 on Tuesday. Service Co. International has a 1 year low of $67.19 and a 1 year high of $89.37. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.83. The company’s fifty day simple moving average is $78.52 and its 200-day simple moving average is $79.93. The company has a market cap of $11.53 billion, a price-to-earnings ratio of 22.52, a PEG ratio of 1.90 and a beta of 0.87.

Service Co. International (NYSE:SCI) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $1.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.06. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. As a group, sell-side analysts expect that Service Co. International will post 3.84 EPS for the current year.

Service Co. International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, March 14th. This represents a $1.28 dividend on an annualized basis and a yield of 1.60%. This is an increase from Service Co. International’s previous quarterly dividend of $0.31. Service Co. International’s payout ratio is currently 36.06%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on SCI shares. Oppenheimer raised their price objective on shares of Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. StockNews.com downgraded shares of Service Co. International from a “hold” rating to a “sell” rating in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $88.50.

Service Co. International Profile

Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery segments. The Funeral segment offers services related to cremations, including the use of home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, memorialization, and catering.