Union Bancaire Privee UBP SA Takes Position in Service Co. International (NYSE:SCI)

Union Bancaire Privee UBP SA bought a new stake in shares of Service Co. International (NYSE:SCI) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 28,239 shares of the company’s stock, valued at approximately $2,281,000.

Several other institutional investors and hedge funds also recently modified their holdings of SCI. M&T Bank Corp boosted its position in Service Co. International by 1.1% in the 3rd quarter. M&T Bank Corp now owns 11,248 shares of the company’s stock valued at $888,000 after buying an additional 123 shares during the last quarter. UMB Bank n.a. grew its stake in Service Co. International by 7.8% during the 3rd quarter. UMB Bank n.a. now owns 2,167 shares of the company’s stock worth $171,000 after buying an additional 156 shares during the last quarter. Atomi Financial Group Inc. grew its position in shares of Service Co. International by 2.3% during the third quarter. Atomi Financial Group Inc. now owns 7,704 shares of the company’s stock worth $608,000 after acquiring an additional 170 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Service Co. International by 11.1% in the third quarter. GAMMA Investing LLC now owns 1,746 shares of the company’s stock valued at $138,000 after purchasing an additional 174 shares during the period. Finally, Moloney Securities Asset Management LLC increased its position in Service Co. International by 1.4% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 13,582 shares of the company’s stock valued at $1,072,000 after acquiring an additional 182 shares during the period. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, CEO Thomas L. Ryan sold 50,000 shares of Service Co. International stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $86.11, for a total value of $4,305,500.00. Following the transaction, the chief executive officer now directly owns 982,333 shares in the company, valued at approximately $84,588,694.63. The trade was a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Tony Coelho sold 2,555 shares of the 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 sale, the director now owns 53,324 shares of the company’s stock, valued at approximately $4,566,667.36. The trade was a 4.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 108,655 shares of company stock valued at $9,356,203 over the last 90 days. 5.10% of the stock is currently owned by company insiders.

Service Co. International Stock Up 3.2 %

SCI stock opened at $80.33 on Tuesday. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.91. The firm has a market cap of $11.62 billion, a PE ratio of 23.35, a PEG ratio of 2.02 and a beta of 0.87. Service Co. International has a 1 year low of $64.10 and a 1 year high of $89.37. The company has a fifty day simple moving average of $82.22 and a 200 day simple moving average of $79.31.

Service Co. International (NYSE:SCI) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share (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 company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the company posted $0.78 EPS. The firm’s revenue was up 1.2% on a year-over-year basis. Sell-side analysts anticipate that Service Co. International will post 3.51 EPS for the current fiscal year.

Service Co. International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Friday, December 13th. This is an increase from Service Co. International’s previous quarterly dividend of $0.30. Service Co. International’s dividend payout ratio (DPR) is 34.88%.

Service Co. International Company Profile

Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery segments. The Funeral segment offers services related to cremations, including the use of home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, memorialization, and catering.