Atlas Capital Advisors LLC Purchases Shares of 4,256 Service Co. International (NYSE:SCI)

Atlas Capital Advisors LLC acquired a new stake in shares of Service Co. International (NYSE:SCI) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,256 shares of the company’s stock, valued at approximately $303,000.

Several other large investors have also modified their holdings of SCI. TFO Wealth Partners LLC increased its position in Service Co. International by 12,200.0% during the fourth quarter. TFO Wealth Partners LLC now owns 369 shares of the company’s stock worth $25,000 after purchasing an additional 366 shares during the last quarter. Rise Advisors LLC purchased a new stake in shares of Service Co. International during the 1st quarter valued at $31,000. Whittier Trust Co. increased its holdings in shares of Service Co. International by 406.5% during the 1st quarter. Whittier Trust Co. now owns 542 shares of the company’s stock worth $40,000 after buying an additional 435 shares during the last quarter. ICA Group Wealth Management LLC acquired a new stake in shares of Service Co. International during the 4th quarter worth $42,000. Finally, Blue Trust Inc. raised its position in shares of Service Co. International by 121.9% in the 2nd quarter. Blue Trust Inc. now owns 708 shares of the company’s stock worth $53,000 after buying an additional 389 shares during the period. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Service Co. International Stock Down 0.1 %

Shares of SCI stock traded down $0.06 during trading hours on Friday, reaching $78.27. The company had a trading volume of 1,565,177 shares, compared to its average volume of 915,334. The stock’s fifty day simple moving average is $74.27 and its 200 day simple moving average is $72.57. The company has a market capitalization of $11.40 billion, a P/E ratio of 22.49, a price-to-earnings-growth ratio of 2.23 and a beta of 0.84. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.51 and a current ratio of 0.55. Service Co. International has a twelve month low of $52.89 and a twelve month high of $80.37.

Service Co. International (NYSE:SCI) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.07). Service Co. International had a net margin of 12.32% and a return on equity of 32.07%. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the business earned $0.83 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. As a group, sell-side analysts expect that Service Co. International will post 3.52 earnings per share for the current fiscal year.

Service Co. International Dividend Announcement

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 issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a yield of 1.53%. Service Co. International’s dividend payout ratio is currently 34.48%.

Insider Buying and Selling at Service Co. International

In other news, Director Tony Coelho sold 2,900 shares of Service Co. International 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 directly owns 60,629 shares of the company’s stock, valued at $4,388,327.02. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Tony Coelho sold 2,900 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $72.38, for a total transaction of $209,902.00. Following the completion of the transaction, the director now directly owns 60,629 shares in the company, valued at approximately $4,388,327.02. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ellen Ochoa sold 2,642 shares of Service Co. International stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total transaction of $201,875.22. The disclosure for this sale can be found here. Insiders sold a total of 86,180 shares of company stock valued at $6,376,570 in the last ninety days. Insiders own 5.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Oppenheimer upped their price target on Service Co. International from $76.00 to $79.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 22nd. StockNews.com downgraded shares of Service Co. International from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Truist Financial lifted 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. Finally, UBS Group boosted their price objective on shares of Service Co. International from $83.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat, Service Co. International presently has an average rating of “Moderate Buy” and a consensus price target 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.