First Horizon Advisors Inc. Sells 230 Shares of Service Co. International (NYSE:SCI)

First Horizon Advisors Inc. reduced its stake in shares of Service Co. International (NYSE:SCI) by 6.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 3,149 shares of the company’s stock after selling 230 shares during the period. First Horizon Advisors Inc.’s holdings in Service Co. International were worth $249,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Inspire Investing LLC grew its holdings in Service Co. International by 3.1% during the second quarter. Inspire Investing LLC now owns 4,969 shares of the company’s stock worth $353,000 after buying an additional 148 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Service Co. International by 14.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,226 shares of the company’s stock worth $87,000 after acquiring an additional 151 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Service Co. International by 7.8% in the third quarter. UMB Bank n.a. now owns 2,167 shares of the company’s stock valued at $171,000 after purchasing an additional 156 shares during the last quarter. Larson Financial Group LLC raised its holdings in shares of Service Co. International by 5.6% in the second quarter. Larson Financial Group LLC now owns 3,020 shares of the company’s stock valued at $215,000 after purchasing an additional 159 shares during the last quarter. Finally, HB Wealth Management LLC lifted its position in shares of Service Co. International by 3.5% during the second quarter. HB Wealth Management LLC now owns 4,894 shares of the company’s stock valued at $348,000 after purchasing an additional 165 shares in the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Service Co. International

In other news, CEO Thomas L. Ryan sold 50,000 shares of Service Co. International stock in a transaction on 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 completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tony Coelho sold 2,555 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $85.64, for a total value of $218,810.20. Following the sale, the director now directly owns 53,324 shares in the company, valued at $4,566,667.36. This trade represents a 4.57 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 108,655 shares of company stock worth $9,356,203. Company insiders own 5.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on SCI. Truist Financial increased 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. Raymond James increased their price target on Service Co. International from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, StockNews.com lowered Service Co. International from a “hold” rating to a “sell” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $85.25.

Service Co. International Stock Up 1.3 %

SCI opened at $87.24 on Friday. Service Co. International has a twelve month low of $60.60 and a twelve month high of $88.32. The company’s 50-day moving average price is $79.59 and its two-hundred day moving average price is $75.59. The stock has a market cap of $12.62 billion, a price-to-earnings ratio of 25.03, a PEG ratio of 2.51 and a beta of 0.83. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.91.

Service Co. International (NYSE:SCI) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, meeting 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 for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the business earned $0.78 earnings per share. Service Co. International’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, equities analysts expect that Service Co. International will post 3.51 earnings per share for the current year.

Service Co. International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.31 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.24 annualized dividend and a yield of 1.42%. This is a positive change 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 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.