Barclays PLC lifted its position in Service Co. International (NYSE:SCI - Free Report) by 94.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 123,375 shares of the company's stock after purchasing an additional 59,956 shares during the quarter. Barclays PLC owned 0.09% of Service Co. International worth $9,738,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of SCI. nVerses Capital LLC increased its stake in Service Co. International by 100.0% in the 2nd quarter. nVerses Capital LLC now owns 400 shares of the company's stock worth $28,000 after purchasing an additional 200 shares during the period. Blue Trust Inc. increased its stake in shares of Service Co. International by 121.9% in the second quarter. Blue Trust Inc. now owns 708 shares of the company's stock worth $53,000 after buying an additional 389 shares during the period. Quarry LP raised its holdings in Service Co. International by 258.6% during the 2nd quarter. Quarry LP now owns 789 shares of the company's stock valued at $56,000 after buying an additional 569 shares during the last quarter. Waldron Private Wealth LLC purchased a new stake in Service Co. International during the 3rd quarter valued at $57,000. Finally, Farther Finance Advisors LLC grew its holdings in Service Co. International by 36.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 926 shares of the company's stock worth $73,000 after acquiring an additional 249 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the stock. Oppenheimer upped their price objective on shares of Service Co. International from $86.00 to $92.00 and gave the company an "outperform" rating in a research note on Friday. Truist Financial increased their price objective on Service Co. International from $84.00 to $92.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Raymond James boosted their target price on Service Co. International from $80.00 to $85.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Finally, StockNews.com raised Service Co. International from a "sell" rating to a "hold" rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $88.50.
Read Our Latest Stock Report on SCI
Insider Buying and Selling
In related news, VP Elisabeth G. Nash sold 56,100 shares of Service Co. International stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $86.13, for a total transaction of $4,831,893.00. Following the sale, the vice president now owns 109,260 shares of the company's stock, valued at approximately $9,410,563.80. This trade represents a 33.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tony Coelho sold 2,555 shares of Service Co. International stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $85.64, for a total transaction of $218,810.20. Following the sale, the director now owns 53,324 shares in the company, valued at approximately $4,566,667.36. The trade was 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 valued at $9,356,203. 5.10% of the stock is owned by company insiders.
Service Co. International Stock Performance
Shares of NYSE SCI traded down $0.42 during trading on Tuesday, reaching $85.14. 1,245,901 shares of the company traded hands, compared to its average volume of 903,186. The firm has a 50 day simple moving average of $82.52 and a 200-day simple moving average of $77.71. Service Co. International has a 52-week low of $64.10 and a 52-week high of $89.37. The stock has a market capitalization of $12.31 billion, a PE ratio of 24.79, a P/E/G ratio of 2.51 and a beta of 0.85. 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 - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, meeting the consensus estimate of $0.79. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.78 EPS. Equities research analysts anticipate that Service Co. International will post 3.51 earnings per share for the current year.
Service Co. International Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.46%. This is a positive change from Service Co. International's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, December 13th. Service Co. International's dividend payout ratio is 34.88%.
About Service Co. International
(
Free Report)
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.
Recommended Stories
Before you consider Service Co. International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Service Co. International wasn't on the list.
While Service Co. International currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
