Service Co. International (NYSE:SCI) Shares Acquired by Swedbank AB

Swedbank AB raised its position in shares of Service Co. International (NYSE:SCI) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,950,020 shares of the company’s stock after buying an additional 50,000 shares during the period. Swedbank AB owned about 2.04% of Service Co. International worth $235,471,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. nVerses Capital LLC grew its position in shares of Service Co. International by 75.0% during the third quarter. nVerses Capital LLC now owns 700 shares of the company’s stock worth $55,000 after buying an additional 300 shares in the last quarter. Quarry LP grew its holdings in Service Co. International by 258.6% during the 2nd quarter. Quarry LP now owns 789 shares of the company’s stock worth $56,000 after acquiring an additional 569 shares in the last quarter. Waldron Private Wealth LLC acquired a new position in Service Co. International during the 3rd quarter worth approximately $57,000. Farther Finance Advisors LLC increased its position in shares of Service Co. International by 36.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 926 shares of the company’s stock valued at $73,000 after purchasing an additional 249 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Service Co. International in the 3rd quarter valued at $80,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Insider Transactions at Service Co. International

In other Service Co. International news, CEO Thomas L. Ryan sold 50,000 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $86.11, for a total transaction of $4,305,500.00. Following the sale, the chief executive officer now owns 982,333 shares in the company, valued at approximately $84,588,694.63. This represents a 4.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Elisabeth G. Nash sold 56,100 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $86.13, for a total transaction of $4,831,893.00. Following the completion of the transaction, the vice president now directly owns 109,260 shares of the company’s stock, valued at $9,410,563.80. The trade was a 33.93 % 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 in the last ninety days. 5.10% of the stock is currently owned by company insiders.

Service Co. International Stock Performance

NYSE:SCI traded up $0.29 during mid-day trading on Wednesday, reaching $81.12. 33,021 shares of the stock were exchanged, compared to its average volume of 959,575. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.91. Service Co. International has a 1 year low of $64.10 and a 1 year high of $89.37. The company has a 50 day simple moving average of $82.12 and a 200-day simple moving average of $79.37. The stock has a market capitalization of $11.73 billion, a P/E ratio of 23.62, a P/E/G ratio of 2.02 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. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Service Co. International had a return on equity of 31.84% and a net margin of 12.19%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.78 earnings per share. Analysts anticipate that Service Co. International will post 3.51 earnings per share for the current fiscal year.

Service Co. International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.31 dividend. The ex-dividend date was Friday, December 13th. This is an increase from Service Co. International’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.53%. Service Co. International’s payout ratio is 34.88%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Truist Financial increased their target price on Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a report on Friday, November 1st. 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. StockNews.com upgraded Service Co. International from a “sell” rating to a “hold” rating in a research note on Wednesday, December 4th. Finally, Oppenheimer raised their price objective on shares of Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Service Co. International presently has an average rating of “Moderate Buy” and an average price target of $88.50.

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.