Service Co. International (NYSE:SCI) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its stake in Service Co. International (NYSE:SCI) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,421 shares of the company’s stock after selling 860 shares during the period. Amalgamated Bank’s holdings in Service Co. International were worth $5,461,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SCI. 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. International Assets Investment Management LLC boosted its stake in Service Co. International by 7,802.1% in the third quarter. International Assets Investment Management LLC now owns 7,586 shares of the company’s stock valued at $599,000 after acquiring an additional 7,490 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Service Co. International by 5.1% during the third quarter. Geode Capital Management LLC now owns 3,211,902 shares of the company’s stock worth $253,567,000 after purchasing an additional 156,086 shares during the last quarter. Premier Fund Managers Ltd increased its position in shares of Service Co. International by 23.9% during the third quarter. Premier Fund Managers Ltd now owns 1,093,723 shares of the company’s stock worth $85,721,000 after purchasing an additional 210,802 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Service Co. International by 1.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 185,277 shares of the company’s stock worth $14,348,000 after purchasing an additional 3,375 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Service Co. International Stock Down 0.4 %

SCI stock opened at $80.54 on Friday. Service Co. International has a one year low of $67.19 and a one year high of $89.37. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.48 and a current ratio of 0.52. The company has a fifty day moving average of $78.57 and a 200-day moving average of $79.81. The stock has a market capitalization of $11.62 billion, a PE ratio of 22.69, a price-to-earnings-growth ratio of 1.90 and a beta of 0.87.

Service Co. International (NYSE:SCI) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.06 EPS for the quarter, meeting analysts’ consensus estimates of $1.06. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. As a group, analysts expect that Service Co. International will post 3.84 EPS for the current year.

Service Co. International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 yield of 1.59%. The ex-dividend date is Friday, March 14th. This is a positive change from Service Co. International’s previous quarterly dividend of $0.31. Service Co. International’s dividend payout ratio is currently 36.06%.

Analyst Upgrades and Downgrades

Several research analysts have commented on SCI shares. Truist Financial lifted their price target on Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Oppenheimer increased their target price on shares of Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. StockNews.com cut Service Co. International from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Raymond James increased their price objective 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. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $88.50.

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.