Service Co. International (NYSE:SCI) Stock Holdings Increased by Perpetual Ltd

Perpetual Ltd boosted its stake in Service Co. International (NYSE:SCI) by 9.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 132,376 shares of the company’s stock after buying an additional 11,761 shares during the quarter. Perpetual Ltd’s holdings in Service Co. International were worth $10,566,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SCI. nVerses Capital LLC boosted its position in Service Co. International by 75.0% during the third quarter. nVerses Capital LLC now owns 700 shares of the company’s stock valued at $55,000 after purchasing an additional 300 shares during the last quarter. Waldron Private Wealth LLC acquired a new stake in shares of Service Co. International during the 3rd quarter valued at about $57,000. Quarry LP grew its stake in shares of Service Co. International by 258.6% in the 2nd quarter. Quarry LP now owns 789 shares of the company’s stock valued at $56,000 after buying an additional 569 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in 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 buying an additional 249 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in Service Co. International during the third quarter valued at approximately $80,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Raymond James increased their price target on shares of Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. StockNews.com raised Service Co. International from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th. Truist Financial boosted their target price on Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Oppenheimer lifted 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. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $88.50.

Service Co. International Stock Performance

SCI opened at $77.73 on Wednesday. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.91. The stock’s 50 day moving average price is $82.93 and its two-hundred day moving average price is $79.03. The firm has a market capitalization of $11.24 billion, a P/E ratio of 22.60, a price-to-earnings-growth ratio of 2.01 and a beta of 0.87. Service Co. International has a 12-month low of $64.10 and a 12-month high of $89.37.

Service Co. International (NYSE:SCI) last released its earnings results 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 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% compared to the same quarter last year. During the same period in the prior year, the company earned $0.78 EPS. On average, equities analysts forecast that Service Co. International will post 3.51 earnings per share for the current year.

Service Co. International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.31 dividend. This is a boost from Service Co. International’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.24 annualized dividend and a yield of 1.60%. Service Co. International’s dividend payout ratio is 34.88%.

Insider Buying and Selling

In related news, CEO Thomas L. Ryan sold 50,000 shares of the firm’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 completion of the transaction, the chief executive officer now owns 982,333 shares in the company, valued at $84,588,694.63. This trade represents a 4.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tony Coelho sold 2,555 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $85.64, for a total value of $218,810.20. Following the completion of the sale, the director now owns 53,324 shares in the company, valued at $4,566,667.36. This trade represents a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 108,655 shares of company stock valued at $9,356,203 over the last ninety days. 4.60% of the stock is owned by company insiders.

Service Co. International Company 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.