Service Co. International (NYSE:SCI) Shares Purchased by JGP Wealth Management LLC

JGP Wealth Management LLC grew its holdings in shares of Service Co. International (NYSE:SCI) by 1.2% during the 4th quarter, HoldingsChannel reports. The firm owned 117,545 shares of the company’s stock after buying an additional 1,413 shares during the period. JGP Wealth Management LLC’s holdings in Service Co. International were worth $9,382,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SCI. nVerses Capital LLC grew its holdings in shares of Service Co. International by 75.0% during the third quarter. nVerses Capital LLC now owns 700 shares of the company’s stock worth $55,000 after buying an additional 300 shares in the last quarter. Quarry LP grew its holdings in shares of Service Co. International by 258.6% during the second quarter. Quarry LP now owns 789 shares of the company’s stock worth $56,000 after buying an additional 569 shares in the last quarter. Waldron Private Wealth LLC purchased a new stake in shares of Service Co. International during the third quarter worth $57,000. Farther Finance Advisors LLC grew its holdings in shares of Service Co. International by 36.8% during the third quarter. Farther Finance Advisors LLC now owns 926 shares of the company’s stock worth $73,000 after buying an additional 249 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Service Co. International during the third quarter worth $80,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Wall Street Analysts Forecast Growth

SCI has been the topic of several recent research reports. Oppenheimer boosted their price target on shares of Service Co. International from $86.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Raymond James boosted their price target on shares of Service Co. International from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. StockNews.com raised shares of Service Co. International from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, Truist Financial boosted their price target on shares of Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $88.50.

Insider Buying and Selling

In related news, VP Elisabeth G. Nash sold 56,100 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $86.13, for a total transaction of $4,831,893.00. Following the sale, the vice president now directly owns 109,260 shares in the company, valued at approximately $9,410,563.80. This represents a 33.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas L. Ryan sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was 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 in the company, valued at $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. Over the last ninety days, insiders have sold 108,655 shares of company stock worth $9,356,203. Company insiders own 4.60% of the company’s stock.

Service Co. International Stock Up 0.0 %

Shares of SCI opened at $76.62 on Friday. The stock has a market capitalization of $11.08 billion, a PE ratio of 22.27, a P/E/G ratio of 2.00 and a beta of 0.87. Service Co. International has a 1 year low of $64.10 and a 1 year high of $89.37. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.48 and a current ratio of 0.52. The company’s 50-day simple moving average is $83.32 and its 200-day simple moving average is $78.81.

Service Co. International (NYSE:SCI) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.79. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.78 earnings per share. Analysts forecast that Service Co. International will post 3.51 earnings per share for the current fiscal year.

Service Co. International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend was Friday, December 13th. This is a boost from Service Co. International’s previous quarterly dividend of $0.30. Service Co. International’s dividend payout ratio is currently 34.88%.

Service Co. International Profile

Service Corporation International provides deathcare products and services in the United States and Canada. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses. The company also provides professional services related to funerals and cremations, including the use of funeral home facilities and motor vehicles; arranging and directing services; and removal, preparation, embalming, cremation, memorialization, and travel protection, as well as catering services.