Service Co. International (NYSE:SCI) Stake Trimmed by XTX Topco Ltd

XTX Topco Ltd lessened its holdings in shares of Service Co. International (NYSE:SCI) by 52.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,741 shares of the company’s stock after selling 11,994 shares during the quarter. XTX Topco Ltd’s holdings in Service Co. International were worth $848,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SCI. Inspire Investing LLC lifted its holdings in shares of Service Co. International by 3.1% during the second quarter. Inspire Investing LLC now owns 4,969 shares of the company’s stock worth $353,000 after buying an additional 148 shares during the last quarter. Fifth Third Bancorp boosted its holdings in Service Co. International by 14.0% in the second quarter. Fifth Third Bancorp now owns 1,226 shares of the company’s stock valued at $87,000 after acquiring an additional 151 shares during the last quarter. UMB Bank n.a. boosted its holdings in Service Co. International by 7.8% during the third quarter. UMB Bank n.a. now owns 2,167 shares of the company’s stock worth $171,000 after buying an additional 156 shares during the last quarter. Larson Financial Group LLC boosted its holdings in Service Co. International by 5.6% during the second quarter. Larson Financial Group LLC now owns 3,020 shares of the company’s stock worth $215,000 after buying an additional 159 shares during the last quarter. Finally, HB Wealth Management LLC boosted its holdings in Service Co. International by 3.5% during the second quarter. HB Wealth Management LLC now owns 4,894 shares of the company’s stock worth $348,000 after buying an additional 165 shares during the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Insiders Place Their Bets

In related news, Director Tony Coelho sold 2,555 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $85.64, for a total transaction of $218,810.20. Following the completion of the transaction, the director now owns 53,324 shares of the company’s stock, valued at approximately $4,566,667.36. The trade was a 4.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas L. Ryan sold 50,000 shares of the business’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 directly owns 982,333 shares of the company’s stock, valued at approximately $84,588,694.63. This represents a 4.84 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 108,655 shares of company stock valued at $9,356,203. Company insiders own 4.60% of the company’s stock.

Service Co. International Stock Performance

Shares of SCI stock opened at $85.71 on Wednesday. The company has a debt-to-equity ratio of 2.91, a current ratio of 0.52 and a quick ratio of 0.48. The firm has a 50-day moving average of $81.75 and a 200-day moving average of $77.27. Service Co. International has a one year low of $64.10 and a one year high of $89.37. The company has a market cap of $12.40 billion, a P/E ratio of 24.92, a P/E/G ratio of 2.53 and a beta of 0.85.

Service Co. International (NYSE:SCI) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.79. The company had revenue of $1.01 billion for 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%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm earned $0.78 earnings per share. Equities research analysts forecast that Service Co. International will post 3.51 EPS for the current fiscal year.

Service Co. International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.31 dividend. This is a positive change from Service Co. International’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, December 13th. This represents a $1.24 annualized dividend and a yield of 1.45%. Service Co. International’s payout ratio is currently 34.88%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. StockNews.com upgraded Service Co. International from a “sell” rating to a “hold” rating in a report on Wednesday, December 4th. Truist Financial boosted their price target on Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Raymond James upped 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $85.25.

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.