Fmr LLC Acquires 3,043,354 Shares of Service Co. International (NYSE:SCI)

FMR LLC boosted its stake in Service Co. International (NYSE:SCI - Free Report) by 300.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,055,823 shares of the company's stock after purchasing an additional 3,043,354 shares during the quarter. FMR LLC owned about 2.80% of Service Co. International worth $320,126,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. BDF Gestion purchased a new position in Service Co. International in the second quarter worth $3,948,000. Boston Trust Walden Corp boosted its holdings in shares of Service Co. International by 2.7% in the 2nd quarter. Boston Trust Walden Corp now owns 684,846 shares of the company's stock worth $48,713,000 after purchasing an additional 17,874 shares in the last quarter. Tidal Investments LLC bought a new position in shares of Service Co. International during the 1st quarter valued at about $917,000. Dimensional Fund Advisors LP raised its holdings in shares of Service Co. International by 7.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,942,559 shares of the company's stock valued at $138,183,000 after buying an additional 135,017 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position 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 worth $14,358,000 after buying an additional 19,418 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors.

Insider Activity at Service Co. International

In other Service Co. International news, VP Elisabeth G. Nash sold 56,100 shares of the business's stock in a transaction on 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 transaction, the vice president now directly owns 109,260 shares of the company's stock, valued at approximately $9,410,563.80. The trade was a 33.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas L. Ryan sold 50,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 982,333 shares of the company's stock, valued at approximately $84,588,694.63. This represents a 4.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 108,655 shares of company stock worth $9,356,203 in the last 90 days. Company insiders own 5.10% of the company's stock.

Service Co. International Trading Down 0.0 %

SCI stock traded down $0.01 during midday trading on Friday, hitting $88.59. The company had a trading volume of 375,026 shares, compared to its average volume of 945,532. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.91. Service Co. International has a 52 week low of $60.65 and a 52 week high of $89.37. The stock has a market cap of $12.81 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 2.59 and a beta of 0.83. The stock's 50 day moving average price is $80.60 and its 200 day moving average price is $76.47.

Service Co. International (NYSE:SCI - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, meeting analysts' consensus estimates of $0.79. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. 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 EPS. The firm's revenue was up 1.2% compared to the same quarter last year. As a group, 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Friday, December 13th. This is a boost from Service Co. International's previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 1.40%. Service Co. International's dividend payout ratio (DPR) is presently 34.88%.

Analyst Ratings Changes

A number of research analysts have commented on SCI shares. Truist Financial increased their price target on shares of Service Co. International from $84.00 to $92.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Raymond James increased their target price on shares of Service Co. International from $80.00 to $85.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Finally, StockNews.com downgraded shares of Service Co. International from a "hold" rating to a "sell" rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $85.25.

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.