SNS Financial Group LLC Sells 1,579 Shares of Service Co. International (NYSE:SCI)

SNS Financial Group LLC reduced its position in Service Co. International (NYSE:SCI) by 8.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 16,133 shares of the company’s stock after selling 1,579 shares during the period. SNS Financial Group LLC’s holdings in Service Co. International were worth $1,288,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Franklin Resources Inc. boosted its holdings in shares of Service Co. International by 263.1% in the third quarter. Franklin Resources Inc. now owns 15,912 shares of the company’s stock worth $1,206,000 after acquiring an additional 11,530 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Service Co. International by 12.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 181,902 shares of the company’s stock worth $14,358,000 after purchasing an additional 19,418 shares during the period. International Assets Investment Management LLC grew its holdings in Service Co. International by 7,802.1% during the 3rd quarter. International Assets Investment Management LLC now owns 7,586 shares of the company’s stock valued at $599,000 after buying an additional 7,490 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Service Co. International by 5.1% during the third quarter. Geode Capital Management LLC now owns 3,211,902 shares of the company’s stock valued at $253,567,000 after buying an additional 156,086 shares during the period. Finally, Premier Fund Managers Ltd lifted its holdings in shares of Service Co. International by 23.9% in the third quarter. Premier Fund Managers Ltd now owns 1,093,723 shares of the company’s stock worth $85,721,000 after buying an additional 210,802 shares in the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on SCI shares. Raymond James boosted their price objective on shares of Service Co. International from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Oppenheimer upped their price target on shares of Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. StockNews.com raised Service Co. International from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Truist Financial upped their target price 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. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Service Co. International has an average rating of “Moderate Buy” and a consensus price target of $88.50.

Service Co. International Stock Performance

Service Co. International stock opened at $79.01 on Thursday. Service Co. International has a fifty-two week low of $67.19 and a fifty-two week high of $89.37. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.48 and a current ratio of 0.52. The stock has a market cap of $11.39 billion, a P/E ratio of 22.26, a price-to-earnings-growth ratio of 1.88 and a beta of 0.87. The firm’s fifty day moving average price is $79.09 and its 200-day moving average price is $79.59.

Service Co. International (NYSE:SCI) last released its earnings results on Wednesday, February 12th. The company reported $1.06 EPS for the quarter, meeting analysts’ consensus estimates of $1.06. Service Co. International had a return on equity of 32.18% and a net margin of 12.39%. On average, equities research analysts expect that Service Co. International will post 3.85 earnings per share for the current fiscal year.

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.