Service Co. International (NYSE:SCI) is Coho Partners Ltd.'s 10th Largest Position

Coho Partners Ltd. reduced its position in shares of Service Co. International (NYSE:SCI - Free Report) by 15.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 997,408 shares of the company's stock after selling 183,146 shares during the period. Service Co. International accounts for about 3.7% of Coho Partners Ltd.'s investment portfolio, making the stock its 10th largest position. Coho Partners Ltd. owned about 0.69% of Service Co. International worth $79,613,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. nVerses Capital LLC lifted its stake in shares of Service Co. International by 75.0% during the third quarter. nVerses Capital LLC now owns 700 shares of the company's stock valued at $55,000 after buying an additional 300 shares during the period. Waldron Private Wealth LLC purchased a new position in shares of Service Co. International during the 3rd quarter worth $57,000. Farther Finance Advisors LLC boosted its holdings in shares of Service Co. International by 36.8% during the third quarter. Farther Finance Advisors LLC now owns 926 shares of the company's stock worth $73,000 after purchasing an additional 249 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Service Co. International during the third quarter worth $80,000. Finally, Quest Partners LLC grew its position in shares of Service Co. International by 110,300.0% in the third quarter. Quest Partners LLC now owns 1,104 shares of the company's stock valued at $87,000 after purchasing an additional 1,103 shares during the period. 85.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Service Co. International

In other Service Co. International news, Director Tony Coelho sold 2,555 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $85.64, for a total value of $218,810.20. Following the completion of the sale, the director now owns 53,324 shares of the company's stock, valued at $4,566,667.36. This trade represents a 4.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas L. Ryan sold 50,000 shares of the business's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $86.11, for a total transaction of $4,305,500.00. Following the transaction, the chief executive officer now directly owns 982,333 shares in the company, valued at approximately $84,588,694.63. The trade was a 4.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SCI shares. Raymond James increased their target price on Service Co. International from $80.00 to $85.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Oppenheimer increased their price objective on shares of Service Co. International from $86.00 to $92.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. 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. Finally, StockNews.com raised shares of Service Co. International from a "sell" rating to a "hold" rating in a research note on Tuesday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $88.50.

Service Co. International Trading Up 0.9 %

Shares of NYSE SCI traded up $0.68 during midday trading on Tuesday, hitting $77.75. The stock had a trading volume of 1,403,567 shares, compared to its average volume of 1,230,741. 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 has a 1-year low of $67.19 and a 1-year high of $89.37. The company has a market capitalization of $11.24 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 2.01 and a beta of 0.87. The company has a fifty day moving average price of $79.38 and a 200 day moving average price of $79.56.

Service Co. International (NYSE:SCI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $1.06 earnings per share for the quarter, meeting analysts' consensus estimates of $1.06. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. On average, analysts predict that Service Co. International will post 3.51 earnings per share for the current year.

Service Co. International Company 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.