Bryn Mawr Capital Management LLC lifted its stake in shares of Service Co. International (NYSE:SCI - Free Report) by 55.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,597 shares of the company's stock after purchasing an additional 5,594 shares during the period. Bryn Mawr Capital Management LLC's holdings in Service Co. International were worth $1,245,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Creative Planning boosted its holdings in Service Co. International by 10.0% in the 3rd quarter. Creative Planning now owns 26,399 shares of the company's stock worth $2,084,000 after buying an additional 2,394 shares during the last quarter. Swedbank AB lifted its position in shares of Service Co. International by 1.9% in the third quarter. Swedbank AB now owns 2,900,020 shares of the company's stock valued at $228,899,000 after acquiring an additional 55,000 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Service Co. International by 64.3% in the third quarter. Blue Trust Inc. now owns 1,163 shares of the company's stock worth $92,000 after acquiring an additional 455 shares during the last quarter. Raymond James & Associates increased its position in shares of Service Co. International by 102.8% during the third quarter. Raymond James & Associates now owns 122,131 shares of the company's stock worth $9,640,000 after purchasing an additional 61,919 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Service Co. International by 12.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 181,902 shares of the company's stock valued at $14,358,000 after purchasing an additional 19,418 shares during the last quarter. Hedge funds and other institutional investors own 85.53% of the company's stock.
Service Co. International Trading Up 0.4 %
Shares of SCI stock traded up $0.32 on Friday, hitting $78.97. 1,274,148 shares of the stock traded hands, compared to its average volume of 1,233,284. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.48 and a current ratio of 0.52. Service Co. International has a twelve month low of $67.19 and a twelve month high of $89.37. The firm's 50-day moving average price is $78.80 and its two-hundred day moving average price is $79.64. The stock has a market capitalization of $11.39 billion, a PE ratio of 22.25, a PEG ratio of 1.91 and a beta of 0.87.
Service Co. International (NYSE:SCI - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $1.06 earnings per share for the quarter, meeting the consensus estimate 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 anticipate 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 given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.62%. This is a positive change 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 33.80%.
Analysts Set New Price Targets
SCI has been the topic of several recent research reports. Oppenheimer lifted 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. Truist Financial boosted their price target on shares of Service Co. International from $84.00 to $92.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. StockNews.com raised shares of Service Co. International from a "sell" rating to a "hold" rating in a research note on Tuesday. Finally, Raymond James raised their target price on shares of Service Co. International from $80.00 to $85.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $88.50.
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Service Co. International Profile
(
Free Report)
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.
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