According to the
GuruFocus Real Time Picks
of Southeastern Asset Management, reduced his Service Corporation
International Inc. (
) shares by 43.81% in the average price range of $16.83, as of
May 10, 2013. Hawkins now owns 13,813,222 shares or 6.5% of the
company. The stock price is $16.95 with a change from average up
1%. This trade impacts his portfolio by 0.82%. Service
Corporation International is the largest provider of funeral,
cemetery and deathcare products and services in North America.
A look at the trading history from second quarter of 2008 to
fourth quarter 2012 shows a consistent high-gain path. Hawkins
made his highest gain of 331.3% on this holding in the first
quarter of 2009.
His holding history:
Up 45% over 12 months, Service Corporation International, Inc.
has a market cap of $3.56 billion, and a P/E of 22.50 and a P/S
of 1.49. The company was incorporated in Texas in 1962, and
operates 1,423 funeral service locations and 374 cemeteries in
Service Corporation International reported results for the first
quarter 2013, with net income of $56.7 up from $47 a year ago.
Revenue for the first quarter is $625 million compared to $602
million in the same quarter a year ago.
data by GuruFocus.com
Service Corporation's President and CEO Tom Ryan commented on the
first quarter of 2013:
"We are very proud of the operating performance of our businesses
during the first quarter which delivered an impressive 40%
improvement in EPS from continuing operations excluding special
items. Strong pre-need cemetery sales production and a meaningful
increase in funeral services performed drove earnings to the high
end of our expectations. On this strong performance, we
anticipate results for the year trending toward the upper end of
the earnings and cash flow guidance ranges previously provided,
and we remain confident that our solid operating platform and
healthy financial position will allow us to actively pursue our
growth strategies throughout the year and continue our focus on
increasing shareholder value."
Guru Mason Hawkins, once called a "low-key activist," has been
chairman and CEO of Southeastern Asset Management since 1975. He
and his partners manage the Longleaf Partners Funds. With a
quarter-over-quarter turnover of 8%, Southeastern Asset
Management portfolio has 45 stocks, six of them new, with a total
value of $22.8 billion.
If you are not a Premium Member, we invite you for
7-day Free Trial
GuruFocus Real Time Picks
reports the stock purchases and sales that Gurus have made
within the prior 2 weeks. The report time lag can be as short as
2 days after the date of the transaction. This feature is for
Premium Members only.
Check out the GuruFocus special feature
52-week low screener
to find the stocks hitting new lows but are still held by top
investor Gurus and Insiders.
About GuruFocus: GuruFocus.com tracks the stocks picks and
portfolio holdings of the world's best investors. This value
investing site offers stock screeners and valuation tools. And
publishes daily articles tracking the latest moves of the world's
best investors. GuruFocus also provides promising stock ideas in
3 monthly newsletters sent to