Cerity Partners LLC Has $4.09 Million Holdings in Service Co. International (NYSE:SCI)

Cerity Partners LLC increased its stake in Service Co. International (NYSE:SCI - Free Report) by 53.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 51,863 shares of the company's stock after purchasing an additional 18,132 shares during the quarter. Cerity Partners LLC's holdings in Service Co. International were worth $4,094,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Icon Wealth Advisors LLC boosted its holdings in Service Co. International by 313.3% during the third quarter. Icon Wealth Advisors LLC now owns 6,394 shares of the company's stock valued at $505,000 after acquiring an additional 4,847 shares during the period. Raymond James Trust N.A. bought a new position in shares of Service Co. International in the third quarter worth about $230,000. Commerce Bank lifted its position in shares of Service Co. International by 16.3% during the 3rd quarter. Commerce Bank now owns 8,897 shares of the company's stock worth $702,000 after purchasing an additional 1,248 shares during the last quarter. Premier Fund Managers Ltd boosted its stake in Service Co. International by 23.9% during the 3rd quarter. Premier Fund Managers Ltd now owns 1,093,723 shares of the company's stock valued at $85,721,000 after purchasing an additional 210,802 shares during the period. Finally, Prospera Financial Services Inc grew its holdings in Service Co. International by 26.1% in the 3rd quarter. Prospera Financial Services Inc now owns 5,221 shares of the company's stock valued at $412,000 after buying an additional 1,081 shares during the last quarter. Institutional investors own 85.53% of the company's stock.

Insider Buying and Selling at Service Co. International

In related news, VP Elisabeth G. Nash sold 56,100 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $86.13, for a total transaction of $4,831,893.00. Following the completion of the sale, the vice president now owns 109,260 shares in the company, valued at $9,410,563.80. This trade represents a 33.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Tony Coelho sold 2,555 shares of the business's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $85.64, for a total transaction of $218,810.20. Following the completion of the transaction, the director now owns 53,324 shares in the company, valued at approximately $4,566,667.36. This trade represents a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 108,655 shares of company stock valued at $9,356,203. 5.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. StockNews.com lowered Service Co. International from a "hold" rating to a "sell" rating in a report on Friday, November 8th. Raymond James upped their target price on shares of 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, Truist Financial raised 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. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Service Co. International has a consensus rating of "Moderate Buy" and a consensus price target of $85.25.

Service Co. International Stock Performance

Shares of SCI stock traded down $0.01 during mid-day trading on Friday, reaching $88.59. The stock had a trading volume of 375,026 shares, compared to its average volume of 908,748. Service Co. International has a one year low of $60.65 and a one year high of $89.37. The firm has a market cap of $12.81 billion, a PE ratio of 25.77, a P/E/G ratio of 2.59 and a beta of 0.83. The firm's 50 day simple moving average is $80.60 and its 200 day simple moving average is $76.38. 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 issued its earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. The firm had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $1.02 billion. Service Co. International had a return on equity of 31.84% and a net margin of 12.19%. Service Co. International's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business earned $0.78 earnings per share. On average, analysts forecast that Service Co. International will post 3.51 EPS for the current year.

Service Co. International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.31 per share. This is a boost from Service Co. International's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.24 dividend on an annualized basis and a yield of 1.40%. Service Co. International's dividend payout ratio (DPR) is currently 34.88%.

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.