Plimoth Trust Co. LLC Sells 500 Shares of Service Co. International (NYSE:SCI)

Plimoth Trust Co. LLC lowered its holdings in Service Co. International (NYSE:SCI) by 14.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,860 shares of the company’s stock after selling 500 shares during the quarter. Plimoth Trust Co. LLC’s holdings in Service Co. International were worth $226,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. nVerses Capital LLC increased its position in Service Co. International by 100.0% during the second quarter. nVerses Capital LLC now owns 400 shares of the company’s stock worth $28,000 after acquiring an additional 200 shares during the period. Whittier Trust Co. increased its holdings in shares of Service Co. International by 406.5% during the 1st quarter. Whittier Trust Co. now owns 542 shares of the company’s stock worth $40,000 after purchasing an additional 435 shares during the period. Blue Trust Inc. raised its position in shares of Service Co. International by 121.9% during the second quarter. Blue Trust Inc. now owns 708 shares of the company’s stock valued at $53,000 after buying an additional 389 shares during the last quarter. Quarry LP lifted its stake in shares of Service Co. International by 258.6% in the second quarter. Quarry LP now owns 789 shares of the company’s stock valued at $56,000 after buying an additional 569 shares during the period. Finally, EntryPoint Capital LLC bought a new position in Service Co. International during the first quarter valued at about $65,000. 85.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered Service Co. International from a “hold” rating to a “sell” rating in a report on Thursday, August 1st.

Service Co. International Price Performance

NYSE SCI traded up $0.26 on Monday, reaching $76.04. The company’s stock had a trading volume of 630,351 shares, compared to its average volume of 899,039. The firm has a market cap of $10.98 billion, a PE ratio of 22.21, a price-to-earnings-growth ratio of 2.18 and a beta of 0.84. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 3.05. Service Co. International has a 52 week low of $52.89 and a 52 week high of $81.32. The business has a 50-day moving average price of $77.34 and a 200 day moving average price of $73.73.

Service Co. International (NYSE:SCI) last issued its earnings results on Wednesday, July 31st. The company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.07). Service Co. International had a return on equity of 32.07% and a net margin of 12.32%. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the company posted $0.83 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. Sell-side analysts expect that Service Co. International will post 3.52 EPS for the current year.

Service Co. International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend was Friday, September 13th. Service Co. International’s dividend payout ratio is currently 34.99%.

Insider Buying and Selling at Service Co. International

In other news, Director Ellen Ochoa sold 2,642 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total transaction of $201,875.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Thomas L. Ryan sold 80,638 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $73.97, for a total transaction of $5,964,792.86. Following the transaction, the chief executive officer now directly owns 988,365 shares in the company, valued at approximately $73,109,359.05. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ellen Ochoa sold 2,642 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total transaction of $201,875.22. The disclosure for this sale can be found here. Company insiders own 5.10% of the company’s stock.

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.