Mutual of America Capital Management LLC Has $6.10 Million Stock Position in Service Co. International (NYSE:SCI)

Mutual of America Capital Management LLC trimmed its stake in Service Co. International (NYSE:SCI) by 2.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,400 shares of the company’s stock after selling 2,298 shares during the quarter. Mutual of America Capital Management LLC owned 0.05% of Service Co. International worth $6,098,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Whipplewood Advisors LLC purchased a new stake in shares of Service Co. International in the fourth quarter worth approximately $60,000. Farther Finance Advisors LLC lifted its position 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 purchasing an additional 249 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Service Co. International in the third quarter worth approximately $80,000. Quest Partners LLC lifted its position 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 purchasing an additional 1,103 shares in the last quarter. Finally, Blue Trust Inc. lifted its position 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 purchasing an additional 234 shares in the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SCI. Oppenheimer increased their price target on shares of Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. StockNews.com lowered shares of Service Co. International from a “hold” rating to a “sell” rating in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Service Co. International currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.50.

Service Co. International Price Performance

Shares of SCI opened at $79.96 on Tuesday. The firm has a market cap of $11.53 billion, a PE ratio of 22.52, a PEG ratio of 1.90 and a beta of 0.87. The firm’s 50 day moving average price is $78.52 and its 200 day moving average price is $79.93. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.48 and a current ratio of 0.52. Service Co. International has a twelve month low of $67.19 and a twelve month high of $89.37.

Service Co. International (NYSE:SCI) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.06 earnings per share for the quarter, meeting the consensus estimate of $1.06. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. As a group, research analysts expect that Service Co. International will post 3.84 EPS for the current fiscal year.

Service Co. International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.32 dividend. This is a positive change from Service Co. International’s previous quarterly dividend of $0.31. The ex-dividend date is Friday, March 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.60%. Service Co. International’s dividend payout ratio (DPR) is currently 36.06%.

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.