Bryn Mawr Capital Management LLC Trims Stake in Service Co. International (NYSE:SCI)

Bryn Mawr Capital Management LLC lowered its stake in Service Co. International (NYSE:SCI) by 7.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,241 shares of the company’s stock after selling 762 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Service Co. International were worth $738,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SCI. Swedbank AB lifted its stake in Service Co. International by 1.9% in the 3rd quarter. Swedbank AB now owns 2,900,020 shares of the company’s stock valued at $228,899,000 after buying an additional 55,000 shares in the last quarter. Blue Trust Inc. lifted its stake in Service Co. International by 64.3% in the 3rd quarter. Blue Trust Inc. now owns 1,163 shares of the company’s stock valued at $92,000 after buying an additional 455 shares in the last quarter. Raymond James & Associates lifted its stake in Service Co. International by 102.8% in the 3rd quarter. Raymond James & Associates now owns 122,131 shares of the company’s stock valued at $9,640,000 after buying an additional 61,919 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Service Co. International by 7,802.1% in the 3rd quarter. International Assets Investment Management LLC now owns 7,586 shares of the company’s stock valued at $599,000 after buying an additional 7,490 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in Service Co. International by 29.1% in the 3rd quarter. Allworth Financial LP now owns 1,327 shares of the company’s stock valued at $105,000 after buying an additional 299 shares in the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SCI shares. Oppenheimer increased 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. Raymond James increased their price target on Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Truist Financial increased their price target on Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, StockNews.com lowered Service Co. International from a “hold” rating to a “sell” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Service Co. International has an average rating of “Moderate Buy” and a consensus target price of $88.50.

Service Co. International Trading Down 0.0 %

Shares of Service Co. International stock opened at $80.75 on Thursday. The firm has a market cap of $11.65 billion, a PE ratio of 22.75, a P/E/G ratio of 1.90 and a beta of 0.87. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.83. The business’s fifty day moving average is $78.57 and its two-hundred day moving average is $79.81. Service Co. International has a fifty-two week low of $67.19 and a fifty-two week high of $89.37.

Service Co. International (NYSE:SCI) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.06 EPS for the quarter, hitting analysts’ consensus estimates of $1.06. Service Co. International had a return on equity of 32.18% and a net margin of 12.39%. Analysts anticipate that Service Co. International will post 3.84 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 Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.59%. This is an increase from Service Co. International’s previous quarterly dividend of $0.31. The ex-dividend date is Friday, March 14th. Service Co. International’s dividend payout ratio is presently 36.06%.

About Service Co. International

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.