November 30, 2016 - By Clifton Ray · 0 Comments
Service Corporation International (NYSE:SCI) institutional sentiment increased to 0.93 in Q2 2016. Its up 0.03, from 0.9 in 2016Q1. The ratio is more positive, as 115 investment professionals increased and opened new positions, while 128 cut down and sold their stakes in Service Corporation International. The investment professionals in our partner’s database reported: 158.06 million shares, down from 159.65 million shares in 2016Q1. Also, the number of investment professionals holding Service Corporation International in their top 10 positions increased from 4 to 7 for an increase of 3. Sold All: 22 Reduced: 106 Increased: 80 New Position: 35.
Service Corporation International is a well-known provider of deathcare services and products, with a network of funeral service locations and cemeteries. The company has a market cap of $5.12 billion. The Company’s divisions are funeral and cemetery operations. It has a 29.25 P/E ratio. The Firm conducts both funeral and cemetery activities in the United States and Canada.
About 434,002 shares traded hands. Service Corporation International (NYSE:SCI) has risen 3.16% since April 27, 2016 and is uptrending. It has underperformed by 2.06% the S&P500.
Analysts await Service Corporation International (NYSE:SCI) to report earnings on February, 8. They expect $0.42 earnings per share, up 13.51% or $0.05 from last year’s $0.37 per share. SCI’s profit will be $79.59 million for 16.08 P/E if the $0.42 EPS becomes a reality. After $0.26 actual earnings per share reported by Service Corporation International for the previous quarter, Wall Street now forecasts 61.54% EPS growth.
According to Zacks Investment Research, “Service Corp. is the largest provider of funeral and cemetery services in the world. The funeral and cemetery operations consist of the Company’s funeral service locations, cemeteries and related businesses. The financial services operations represent a combination of the Company’s insurance operations primarily related to the funding of prearranged funeral contracts and a lending subsidiary, which previously provided capital financing for independent funeral home and cemetery operations.”
Edgepoint Investment Group Inc. holds 4.08% of its portfolio in Service Corporation International for 8.63 million shares. Pyrrho Capital Management Lp owns 46,000 shares or 3.88% of their US portfolio. Moreover, First Wilshire Securities Management Inc has 3.43% invested in the company for 393,993 shares. The Texas-based Salient Trust Co Lta has invested 3.3% in the stock. Lombard Odier Asset Management (Switzerland) Sa, a Switzerland-based fund reported 800,000 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 11 selling transactions for $17.49 million net activity.
Ratings analysis reveals 80% of Service Corporation International’s analysts are positive. Out of 5 Wall Street analysts rating Service Corporation International, 4 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $27 while the high is $33. The stock’s average target of $31.25 is 15.66% above today’s ($27.02) share price. SCI was included in 6 notes of analysts from October 29, 2015. The firm earned “Outperform” rating on Wednesday, November 11 by Oppenheimer. Wells Fargo initiated the shares of SCI in a report on Tuesday, August 2 with “Market Perform” rating. Oppenheimer maintained the shares of SCI in a report on Friday, February 12 with “Outperform” rating. Credit Suisse upgraded Service Corporation International (NYSE:SCI) rating on Thursday, April 28. Credit Suisse has “Outperform” rating and $32 price target.
Service Corporation International, incorporated on July 6, 1962, is a well-known provider of deathcare services and products, with a network of funeral service locations and cemeteries. The Company’s divisions are funeral and cemetery operations. The Firm conducts both funeral and cemetery activities in the United States and Canada. In its funeral segment, the Company focuses on memorialization services that will be meaningful to the customer and their family members and friends. It operates over 1,535 funeral service locations and over 470 cemeteries (including over 260 funeral service/cemetery combination locations), which are geographically diversified across over 45 states, over eight Canadian provinces, the District of Columbia, and Puerto Rico. The Firm offers services under its Dignity Memorial brand, a transcontinental brand of deathcare services and products. The Company’s other brands are Dignity Planning, National Cremation Society, Advantage Funeral and Cremation Services, Funeraria del Angel, Making Everlasting Memories, Neptune Society and Trident Society. The Company’s funeral service and cemetery activities consist of funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria and related businesses, which enable it to serve a range of customer needs. The Firm sells cemetery property, and funeral and cemetery merchandise and services at the time of need and on a preneed basis.
More important recent Service Corporation International (NYSE:SCI) news were published by: Prnewswire.com which released: “Service Corporation International Increases Share Repurchase Authorization To …” on November 08, 2016, also Prnewswire.com published article titled: “Service Corporation International Announces Third Quarter 2016 Financial Results”, Prnewswire.com published: “Service Corporation International Announces Second Quarter 2016 Financial Results” on July 27, 2016. More interesting news about Service Corporation International (NYSE:SCI) was released by: Globenewswire.com and their article: “Service Corporation International Awards 2016 Scholarships” with publication date: August 16, 2016.
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By Clifton Ray