Service Co. International (NYSE:SCI) Shares Sold by Steph & Co.

Steph & Co. lessened its holdings in Service Co. International (NYSE:SCI) by 7.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,000 shares of the company’s stock after selling 156 shares during the quarter. Steph & Co.’s holdings in Service Co. International were worth $160,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SCI. Argent Capital Management LLC lifted its stake in Service Co. International by 41.9% during the fourth quarter. Argent Capital Management LLC now owns 47,113 shares of the company’s stock worth $3,761,000 after purchasing an additional 13,916 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in Service Co. International during the fourth quarter worth approximately $3,229,000. Oak Thistle LLC purchased a new stake in shares of Service Co. International during the 4th quarter worth approximately $307,000. GAMMA Investing LLC boosted its holdings in shares of Service Co. International by 20.8% in the 4th quarter. GAMMA Investing LLC now owns 2,110 shares of the company’s stock valued at $168,000 after buying an additional 364 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Service Co. International by 263.1% in the 3rd quarter. Franklin Resources Inc. now owns 15,912 shares of the company’s stock valued at $1,206,000 after buying an additional 11,530 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Service Co. International Stock Down 0.4 %

SCI opened at $76.55 on Thursday. Service Co. International has a 52 week low of $64.10 and a 52 week high of $89.37. The business has a 50 day moving average price of $83.51 and a two-hundred day moving average price of $78.83. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.91. The company has a market cap of $11.07 billion, a PE ratio of 22.25, a P/E/G ratio of 2.00 and a beta of 0.87.

Service Co. International (NYSE:SCI) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. Service Co. International had a return on equity of 31.84% and a net margin of 12.19%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the business earned $0.78 earnings per share. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, research analysts anticipate that Service Co. International will post 3.51 EPS for the current year.

Service Co. International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a $0.31 dividend. This is an increase from Service Co. International’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.24 annualized dividend and a dividend yield of 1.62%. Service Co. International’s payout ratio is presently 34.88%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SCI. Raymond James raised their price objective on Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Oppenheimer raised their price target on Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Truist Financial boosted their price objective on Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, StockNews.com upgraded shares of Service Co. International from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.50.

Insider Transactions at Service Co. International

In other Service Co. International news, VP Elisabeth G. Nash sold 56,100 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $86.13, for a total transaction of $4,831,893.00. Following the transaction, the vice president now owns 109,260 shares in the company, valued at approximately $9,410,563.80. The trade was a 33.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Tony Coelho sold 2,555 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $85.64, for a total value of $218,810.20. Following the completion of the sale, the director now directly owns 53,324 shares of the company’s stock, valued at $4,566,667.36. This represents a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 108,655 shares of company stock worth $9,356,203 over the last ninety days. 4.60% of the stock is currently owned by company insiders.

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.