Service Co. International (NYSE:SCI) Stock Holdings Increased by Federated Hermes Inc.

Federated Hermes Inc. grew its holdings in Service Co. International (NYSE:SCI - Free Report) by 44.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 491,326 shares of the company's stock after purchasing an additional 150,580 shares during the quarter. Federated Hermes Inc. owned approximately 0.34% of Service Co. International worth $39,218,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SCI. M&T Bank Corp lifted its stake in shares of Service Co. International by 1.1% in the third quarter. M&T Bank Corp now owns 11,248 shares of the company's stock worth $888,000 after acquiring an additional 123 shares in the last quarter. Cornerstone Investment Partners LLC grew its position in shares of Service Co. International by 3.8% during the 4th quarter. Cornerstone Investment Partners LLC now owns 3,587 shares of the company's stock valued at $286,000 after buying an additional 131 shares during the last quarter. CIBC Asset Management Inc raised its stake in Service Co. International by 2.7% during the fourth quarter. CIBC Asset Management Inc now owns 5,167 shares of the company's stock worth $412,000 after acquiring an additional 138 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in Service Co. International by 5.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,438 shares of the company's stock worth $354,000 after acquiring an additional 212 shares during the last quarter. Finally, Stanley Laman Group Ltd. boosted its stake in Service Co. International by 0.5% in the fourth quarter. Stanley Laman Group Ltd. now owns 40,098 shares of the company's stock valued at $3,201,000 after acquiring an additional 214 shares during the period. 85.53% of the stock is owned by hedge funds and other institutional investors.

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Service Co. International Stock Performance

Shares of NYSE SCI traded up $2.91 during midday trading on Friday, hitting $78.04. 1,950,205 shares of the company's stock were exchanged, compared to its average volume of 1,024,018. Service Co. International has a twelve month low of $67.19 and a twelve month high of $89.37. The firm has a market cap of $11.25 billion, a P/E ratio of 21.98, a PEG ratio of 1.90 and a beta of 0.81. The stock's 50 day moving average price is $78.61 and its 200-day moving average price is $80.01. The company has a debt-to-equity ratio of 2.83, a current ratio of 0.52 and a quick ratio of 0.48.

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 (EPS) for the quarter, hitting analysts' consensus estimates of $1.06. Service Co. International had a return on equity of 32.18% and a net margin of 12.39%. Equities research analysts anticipate that Service Co. International will post 3.84 EPS for the current year.

Service Co. International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date was Friday, March 14th. This is a positive change from Service Co. International's previous quarterly dividend of $0.31. Service Co. International's dividend payout ratio is currently 36.06%.

Insider Activity at Service Co. International

In other news, CEO Thomas L. Ryan sold 50,000 shares of the business's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $84.56, for a total value of $4,228,000.00. Following the sale, the chief executive officer now owns 982,333 shares of the company's stock, valued at approximately $83,066,078.48. The trade was a 4.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tony Coelho sold 6,500 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $79.29, for a total value of $515,385.00. Following the completion of the sale, the director now owns 46,824 shares of the company's stock, valued at approximately $3,712,674.96. This trade represents a 12.19 % decrease in their position. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Service Co. International from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $88.50.

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.