Handelsinvest Investeringsforvaltning Cuts Stock Position in Service Co. International (NYSE:SCI)

Handelsinvest Investeringsforvaltning lessened its stake in Service Co. International (NYSE:SCI) by 20.6% in the 1st quarter, Holdings Channel.com reports. The fund owned 14,621 shares of the company’s stock after selling 3,797 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in Service Co. International were worth $1,085,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TFO Wealth Partners LLC increased its holdings in Service Co. International by 12,200.0% in the 4th quarter. TFO Wealth Partners LLC now owns 369 shares of the company’s stock worth $25,000 after acquiring an additional 366 shares in the last quarter. Rise Advisors LLC acquired a new stake in Service Co. International during the 1st quarter worth $31,000. Massmutual Trust Co. FSB ADV boosted its stake in Service Co. International by 204.1% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 599 shares of the company’s stock worth $41,000 after purchasing an additional 402 shares during the last quarter. ICA Group Wealth Management LLC acquired a new stake in Service Co. International during the 4th quarter worth $42,000. Finally, M&R Capital Management Inc. boosted its stake in Service Co. International by 125.5% during the 4th quarter. M&R Capital Management Inc. now owns 902 shares of the company’s stock worth $62,000 after purchasing an additional 502 shares during the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Service Co. International Trading Up 0.1 %

Shares of SCI stock opened at $70.45 on Wednesday. The company’s 50-day moving average price is $71.05 and its 200-day moving average price is $70.61. Service Co. International has a twelve month low of $52.89 and a twelve month high of $75.97. The company has a current ratio of 0.62, a quick ratio of 0.57 and a debt-to-equity ratio of 2.90. The stock has a market cap of $10.26 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 1.92 and a beta of 0.84.

Service Co. International (NYSE:SCI) last posted its earnings results on Wednesday, May 1st. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.04. Service Co. International had a net margin of 12.73% and a return on equity of 32.23%. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the company posted $0.93 earnings per share. Service Co. International’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, equities analysts predict that Service Co. International will post 3.66 earnings per share for the current year.

Service Co. International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a $0.30 dividend. The ex-dividend date was Friday, June 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.70%. Service Co. International’s payout ratio is currently 34.48%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SCI. Oppenheimer lifted their target price on shares of Service Co. International from $76.00 to $79.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 22nd. UBS Group boosted their price target on shares of Service Co. International from $83.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Finally, Truist Financial boosted their price target on shares of Service Co. International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, June 21st. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Service Co. International has a consensus rating of “Moderate Buy” and a consensus price target of $78.00.

Insider Buying and Selling at Service Co. International

In other Service Co. International news, Director Tony Coelho sold 2,900 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $72.38, for a total value of $209,902.00. Following the transaction, the director now owns 60,629 shares of the company’s stock, valued at $4,388,327.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Service Co. International news, Director Victor L. Lund sold 7,606 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $70.00, for a total transaction of $532,420.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Tony Coelho sold 2,900 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $72.38, for a total transaction of $209,902.00. Following the sale, the director now owns 60,629 shares in the company, valued at $4,388,327.02. The disclosure for this sale can be found here. Insiders have sold 11,517 shares of company stock valued at $813,092 over the last 90 days. 4.60% of the stock is owned by insiders.

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.