By otakuyassine3@gmail.com 
RFG Advisory LLC decreased its holdings in Service Co. International (NYSE:SCI – Free Report) by 8.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 128,489 shares of the company’s stock after selling 11,994 shares during the quarter. RFG Advisory LLC’s holdings in Service Co. International were worth $10,256,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Select Equity Group L.P. lifted its holdings in shares of Service Co. International by 53.5% in the 2nd quarter. Select Equity Group L.P. now owns 7,239,783 shares of the company’s stock worth $514,966,000 after buying an additional 2,524,795 shares during the period. FMR LLC raised its holdings in shares of Service Co. International by 300.6% in the third quarter. FMR LLC now owns 4,055,823 shares of the company’s stock valued at $320,126,000 after acquiring an additional 3,043,354 shares in the last quarter. Geode Capital Management LLC lifted its stake in Service Co. International by 5.1% in the third quarter. Geode Capital Management LLC now owns 3,211,902 shares of the company’s stock worth $253,567,000 after acquiring an additional 156,086 shares during the period. Swedbank AB grew its holdings in Service Co. International by 1.9% during the 3rd quarter. Swedbank AB now owns 2,900,020 shares of the company’s stock worth $228,899,000 after acquiring an additional 55,000 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its position in Service Co. International by 3.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 1,810,148 shares of the company’s stock valued at $142,875,000 after purchasing an additional 61,838 shares during the period. 85.53% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on SCI shares. StockNews.com raised shares of Service Co. International from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th. Raymond James increased their target price on Service Co. International from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Truist Financial upped their price objective on Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Oppenheimer lifted their target price on Service Co. International from $86.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $88.50.
Get Our Latest Report on Service Co. International
Service Co. International Stock Up 0.5 %
Shares of SCI stock opened at $77.43 on Friday. The stock’s fifty day moving average price is $82.59 and its 200 day moving average price is $79.07. Service Co. International has a 1-year low of $64.10 and a 1-year high of $89.37. The company has a market cap of $11.20 billion, a price-to-earnings ratio of 22.51, a price-to-earnings-growth ratio of 2.02 and a beta of 0.87. The company has a debt-to-equity ratio of 2.91, a current ratio of 0.52 and a quick ratio of 0.48.
Service Co. International (NYSE:SCI – Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, meeting the consensus estimate of $0.79. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. Service Co. International’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm posted $0.78 EPS. On average, research analysts expect that Service Co. International will post 3.51 earnings per share for the current fiscal year.
Service Co. International Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.31 per share. The ex-dividend date was Friday, December 13th. This is a positive change from Service Co. International’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.60%. Service Co. International’s payout ratio is 34.88%.
Insider Activity at Service Co. International
In related news, VP Elisabeth G. Nash sold 56,100 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $86.13, for a total value of $4,831,893.00. Following the transaction, the vice president now owns 109,260 shares in the company, valued at approximately $9,410,563.80. This represents a 33.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Thomas L. Ryan sold 50,000 shares of Service Co. International stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $86.11, for a total transaction of $4,305,500.00. Following the sale, the chief executive officer now owns 982,333 shares of the company’s stock, valued at approximately $84,588,694.63. The trade was a 4.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 108,655 shares of company stock valued at $9,356,203 in the last ninety days. Company insiders own 5.10% of the company’s stock.
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.
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