Cwm LLC Sells 16,965 Shares of Service Co. International (NYSE:SCI)

Cwm LLC lowered its stake in Service Co. International (NYSE:SCI) by 4.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 349,194 shares of the company’s stock after selling 16,965 shares during the quarter. Cwm LLC owned 0.24% of Service Co. International worth $24,838,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. GAMMA Investing LLC increased its stake in shares of Service Co. International by 25.4% during the second quarter. GAMMA Investing LLC now owns 1,572 shares of the company’s stock valued at $112,000 after buying an additional 318 shares during the period. Swedbank AB purchased a new stake in Service Co. International in the first quarter worth $224,137,000. Comerica Bank grew its stake in Service Co. International by 8.9% in the first quarter. Comerica Bank now owns 80,918 shares of the company’s stock worth $6,005,000 after purchasing an additional 6,594 shares during the period. Coppell Advisory Solutions Corp. purchased a new stake in shares of Service Co. International in the first quarter worth $360,000. Finally, Tidal Investments LLC purchased a new stake in shares of Service Co. International in the first quarter worth $917,000. 85.53% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Service Co. International news, Director Tony Coelho sold 2,900 shares of Service Co. International stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $72.38, for a total value of $209,902.00. Following the sale, the director now owns 60,629 shares of the company’s stock, valued at approximately $4,388,327.02. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.10% of the company’s stock.

Service Co. International Stock Performance

NYSE:SCI traded up $1.05 on Wednesday, hitting $74.01. The stock had a trading volume of 1,658,089 shares, compared to its average volume of 920,179. Service Co. International has a 52-week low of $52.89 and a 52-week high of $80.37. The company has a quick ratio of 0.57, a current ratio of 0.55 and a debt-to-equity ratio of 3.05. The stock has a market cap of $10.78 billion, a price-to-earnings ratio of 21.27, a price-to-earnings-growth ratio of 1.98 and a beta of 0.84. The business’s 50-day simple moving average is $72.78 and its two-hundred day simple moving average is $71.62.

Service Co. International (NYSE:SCI) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.07). The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Service Co. International had a net margin of 12.32% and a return on equity of 32.07%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.83 earnings per share. As a group, research analysts predict that Service Co. International will post 3.59 earnings per share for the current year.

Service Co. International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.62%. Service Co. International’s payout ratio is 34.48%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. StockNews.com cut Service Co. International from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. UBS Group increased their target price on Service Co. International from $83.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Truist Financial increased their price objective on Service Co. International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, June 21st. Finally, Oppenheimer increased their price objective on Service Co. International from $76.00 to $79.00 and gave the company an “outperform” rating in a research report on Wednesday, May 22nd. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat, Service Co. International currently has a consensus rating of “Moderate Buy” and an average target price of $77.60.

About Service Co. International

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.