5,448 Shares in Service Co. International (NYSE:SCI) Bought by Brighton Jones LLC

Brighton Jones LLC acquired a new stake in Service Co. International (NYSE:SCI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,448 shares of the company's stock, valued at approximately $435,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its position in shares of Service Co. International by 4.3% during the 2nd quarter. American Century Companies Inc. now owns 33,181 shares of the company's stock valued at $2,360,000 after buying an additional 1,368 shares in the last quarter. Sei Investments Co. lifted its holdings in Service Co. International by 14.1% during the second quarter. Sei Investments Co. now owns 118,087 shares of the company's stock valued at $8,400,000 after purchasing an additional 14,610 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Service Co. International by 37.3% during the second quarter. Thrivent Financial for Lutherans now owns 55,155 shares of the company's stock worth $3,924,000 after purchasing an additional 14,982 shares in the last quarter. Bank of Montreal Can raised its position in shares of Service Co. International by 6.3% during the 2nd quarter. Bank of Montreal Can now owns 24,800 shares of the company's stock worth $1,810,000 after purchasing an additional 1,469 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in Service Co. International in the 2nd quarter valued at about $897,000. Hedge funds and other institutional investors own 85.53% of the company's stock.

Insider Buying and Selling at Service Co. International

In other Service Co. International news, CEO Thomas L. Ryan sold 50,000 shares of Service Co. International stock in a transaction dated 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 of the company's stock, valued at $84,588,694.63. The trade was a 4.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Elisabeth G. Nash sold 56,100 shares of the stock in a transaction dated 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 directly owns 109,260 shares in the company, valued at $9,410,563.80. This represents a 33.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 108,655 shares of company stock worth $9,356,203 over the last three months. Insiders own 5.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SCI. Oppenheimer increased their target price on Service Co. International from $86.00 to $92.00 and gave the company an "outperform" rating in a report on Friday, December 13th. Raymond James raised their price objective on Service Co. International from $80.00 to $85.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Truist Financial lifted their target price on shares of 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 upgraded shares of Service Co. International from a "sell" rating to a "hold" rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $88.50.

Service Co. International Trading Up 3.2 %

NYSE:SCI traded up $2.51 on Monday, hitting $80.33. The stock had a trading volume of 1,254,122 shares, compared to its average volume of 981,290. The company has a fifty day moving average price of $82.33 and a two-hundred day moving average price of $79.25. Service Co. International has a 1-year low of $64.10 and a 1-year high of $89.37. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.91. The stock has a market cap of $11.62 billion, a price-to-earnings ratio of 23.35, a PEG ratio of 2.02 and a beta of 0.87.

Service Co. International (NYSE:SCI - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 earnings per share for the quarter, hitting 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 company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the business posted $0.78 earnings per share. The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. Equities research analysts expect that Service Co. International will post 3.51 earnings per share for the current fiscal year.

Service Co. International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.54%. The ex-dividend date was Friday, December 13th. 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 Profile

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.