Vaughan David Investments LLC IL Increases Holdings in Service Co. International (NYSE:SCI)

Vaughan David Investments LLC IL grew its holdings in shares of Service Co. International (NYSE:SCI) by 0.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 525,942 shares of the company’s stock after buying an additional 3,360 shares during the period. Vaughan David Investments LLC IL owned 0.36% of Service Co. International worth $41,981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of SCI. Farther Finance Advisors LLC lifted its holdings in Service Co. International by 36.8% during the 3rd 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. Capital Performance Advisors LLP acquired a new stake in shares of Service Co. International in the 3rd quarter valued at about $80,000. Quest Partners LLC boosted its position in shares of Service Co. International by 110,300.0% in the 3rd quarter. Quest Partners LLC now owns 1,104 shares of the company’s stock valued at $87,000 after purchasing an additional 1,103 shares during the period. Blue Trust Inc. boosted its position in shares of Service Co. International by 64.3% in the 3rd quarter. Blue Trust Inc. now owns 1,163 shares of the company’s stock valued at $92,000 after purchasing an additional 455 shares during the period. Finally, Allworth Financial LP lifted its position in Service Co. International by 29.1% during the 3rd quarter. Allworth Financial LP now owns 1,327 shares of the company’s stock worth $105,000 after acquiring an additional 299 shares during the period. 85.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SCI shares. StockNews.com raised Service Co. International from a “sell” rating to a “hold” rating in a research report on Tuesday, February 18th. Oppenheimer increased their price objective on Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Truist Financial increased their price objective on Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Raymond James raised their price objective on Service Co. International from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $88.50.

Service Co. International Price Performance

Shares of Service Co. International stock opened at $79.69 on Tuesday. Service Co. International has a twelve month low of $67.19 and a twelve month high of $89.37. The stock has a market capitalization of $11.49 billion, a P/E ratio of 22.45, a PEG ratio of 1.90 and a beta of 0.87. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.83. The business’s fifty day moving average price is $78.68 and its 200 day moving average price is $79.76.

Service Co. International (NYSE:SCI) last issued its earnings results on Wednesday, February 12th. The company reported $1.06 earnings per share 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%. As a group, research analysts anticipate that Service Co. International will post 3.84 earnings per share for the current year.

Service Co. International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.61%. This is a positive change from Service Co. International’s previous quarterly dividend of $0.31. The ex-dividend date is Friday, March 14th. Service Co. International’s payout ratio is presently 36.06%.

About Service Co. International

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.