Service Co. International (NYSE:SCI) Shares Bought by Capital International Investors

Capital International Investors lifted its stake in shares of Service Co. International (NYSE:SCI) by 0.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,060,565 shares of the company’s stock after purchasing an additional 1,738 shares during the quarter. Capital International Investors’ holdings in Service Co. International were worth $78,705,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC lifted its stake in shares of Service Co. International by 18.3% in the 4th quarter. SG Americas Securities LLC now owns 18,852 shares of the company’s stock worth $1,290,000 after acquiring an additional 2,911 shares during the period. Kingswood Wealth Advisors LLC purchased a new stake in Service Co. International in the 4th quarter valued at approximately $546,000. Procyon Advisors LLC boosted its holdings in Service Co. International by 13.2% in the 4th quarter. Procyon Advisors LLC now owns 10,376 shares of the company’s stock valued at $710,000 after purchasing an additional 1,211 shares in the last quarter. Patron Partners LLC acquired a new position in Service Co. International during the 4th quarter worth approximately $219,000. Finally, Boston Trust Walden Corp raised its stake in shares of Service Co. International by 3.2% during the 4th quarter. Boston Trust Walden Corp now owns 673,914 shares of the company’s stock worth $46,129,000 after buying an additional 20,879 shares in the last quarter. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Service Co. International

In related news, Director Tony Coelho sold 2,900 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 5.10% of the company’s stock.

Service Co. International Price Performance

Shares of Service Co. International stock traded up $2.39 on Friday, hitting $77.40. The company’s stock had a trading volume of 966,645 shares, compared to its average volume of 813,842. The company has a market capitalization of $11.27 billion, a P/E ratio of 22.24, a price-to-earnings-growth ratio of 2.03 and a beta of 0.84. Service Co. International has a 52-week low of $52.89 and a 52-week high of $77.48. The firm has a fifty day moving average price of $71.98 and a 200-day moving average price of $71.14. The company has a quick ratio of 0.57, a current ratio of 0.62 and a debt-to-equity ratio of 2.90.

Service Co. International (NYSE:SCI) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.04. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.02 billion. Service Co. International had a return on equity of 32.23% and a net margin of 12.73%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.93 EPS. On average, equities research analysts expect that Service Co. International will post 3.66 earnings per share for the current fiscal year.

Service Co. International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued 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 1.55%. Service Co. International’s dividend payout ratio (DPR) is 34.48%.

Service Co. International Company 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.