Rockefeller Capital Management L.P. Boosts Position in Service Co. International (NYSE:SCI)
Rockefeller Capital Management L.P. boosted its position in shares of Service Co. International (NYSE:SCI) by 1,421.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,559 shares of the company’s stock after acquiring an additional 6,128 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Service Co. International were worth $263,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. Global Retirement Partners LLC boosted its stake in Service Co. International by 80.5% during the fourth quarter. Global Retirement Partners LLC now owns 789 shares of the company’s stock valued at $32,000 after buying an additional 352 shares during the last quarter. Penserra Capital Management LLC purchased a new stake in Service Co. International during the first quarter valued at approximately $38,000. Lloyds Banking Group plc purchased a new stake in Service Co. International during the fourth quarter valued at approximately $47,000. Trustcore Financial Services LLC purchased a new stake in Service Co. International during the first quarter valued at approximately $49,000. Finally, Quadrant Capital Group LLC raised its position in Service Co. International by 414.9% during the first quarter. Quadrant Capital Group LLC now owns 1,385 shares of the company’s stock valued at $52,000 after purchasing an additional 1,116 shares during the period. Institutional investors own 86.83% of the company’s stock.
SCI stock traded up $0.11 during midday trading on Wednesday, reaching $45.07. 10,330 shares of the company traded hands, compared to its average volume of 1,113,506. Service Co. International has a 52-week low of $35.19 and a 52-week high of $47.09. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.48 and a quick ratio of 0.44. The company has a market cap of $8.22 billion, a PE ratio of 25.18, a price-to-earnings-growth ratio of 2.07 and a beta of 0.92.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.72 annualized dividend and a dividend yield of 1.60%. Service Co. International’s payout ratio is 40.22%.
In other news, Director Tony Coelho sold 6,325 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $39.65, for a total value of $250,786.25. Following the sale, the director now directly owns 61,750 shares in the company, valued at $2,448,387.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Gregory T. Sangalis sold 71,400 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $40.80, for a total value of $2,913,120.00. Following the completion of the sale, the vice president now owns 169,383 shares in the company, valued at $6,910,826.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 367,482 shares of company stock worth $15,881,697. Company insiders own 5.50% of the company’s stock.
A number of brokerages have issued reports on SCI. ValuEngine upgraded Service Co. International from a “hold” rating to a “buy” rating in a research report on Friday, May 10th. Zacks Investment Research upgraded Service Co. International from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Finally, Raymond James downgraded Service Co. International from a “strong-buy” rating to an “outperform” rating in a research report on Wednesday, February 20th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $46.75.
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About Service Co. International
Service Corporation International provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses.
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