Service Co. International (NYSE:SCI) Position Trimmed by Amalgamated Bank

Amalgamated Bank cut its position in shares of Service Co. International (NYSE:SCI - Free Report) by 15.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 69,281 shares of the company's stock after selling 12,733 shares during the quarter. Amalgamated Bank's holdings in Service Co. International were worth $5,468,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. BDF Gestion purchased a new stake in shares of Service Co. International during the second quarter worth about $3,948,000. Boston Trust Walden Corp grew its holdings in Service Co. International by 2.7% in the second quarter. Boston Trust Walden Corp now owns 684,846 shares of the company's stock valued at $48,713,000 after purchasing an additional 17,874 shares during the period. Sei Investments Co. grew its holdings in Service Co. International by 12.8% in the first quarter. Sei Investments Co. now owns 103,477 shares of the company's stock valued at $7,680,000 after purchasing an additional 11,709 shares during the period. Tidal Investments LLC purchased a new stake in Service Co. International in the first quarter valued at approximately $917,000. Finally, State Board of Administration of Florida Retirement System grew its holdings in Service Co. International by 5.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 171,697 shares of the company's stock valued at $11,809,000 after purchasing an additional 8,656 shares during the period. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Service Co. International Trading Up 1.2 %

SCI stock traded up $1.01 during midday trading on Friday, reaching $86.97. 740,354 shares of the company's stock traded hands, compared to its average volume of 907,466. The business has a 50-day moving average price of $78.19 and a two-hundred day moving average price of $74.55. Service Co. International has a fifty-two week low of $57.03 and a fifty-two week high of $87.11. The company has a debt-to-equity ratio of 2.91, a current ratio of 0.52 and a quick ratio of 0.48. The company has a market capitalization of $12.58 billion, a P/E ratio of 24.99, a PEG ratio of 2.54 and a beta of 0.83.

Service Co. International (NYSE:SCI - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, hitting analysts' consensus estimates of $0.79. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. The business had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $1.02 billion. During the same period in the previous year, the company posted $0.78 earnings per share. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. Equities research analysts forecast that Service Co. International will post 3.51 EPS for the current fiscal year.

Service Co. International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.31 per share. This is a boost 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 1.43%. The ex-dividend date is Friday, December 13th. Service Co. International's payout ratio is presently 34.88%.

Analysts Set New Price Targets

A number of research firms recently issued reports on SCI. StockNews.com downgraded shares of Service Co. International from a "hold" rating to a "sell" rating in a report on Friday. Raymond James boosted their target price on shares of Service Co. International from $80.00 to $85.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Finally, Truist Financial boosted their target price on shares of Service Co. International from $84.00 to $92.00 and gave the company a "buy" rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat, Service Co. International has a consensus rating of "Moderate Buy" and an average price target of $85.25.

Insider Transactions at Service Co. International

In related news, Director Ellen Ochoa sold 2,642 shares of Service Co. International stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total value of $201,875.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.10% of the company's stock.

Service Co. International 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.