Groupama Asset Managment Has $9.08 Million Stake in Service Co. International (NYSE:SCI)

Groupama Asset Managment reduced its position in shares of Service Co. International (NYSE:SCI - Free Report) by 12.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 115,088 shares of the company's stock after selling 15,993 shares during the period. Groupama Asset Managment owned 0.08% of Service Co. International worth $9,084,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Inspire Investing LLC grew its stake in Service Co. International by 3.1% during the second quarter. Inspire Investing LLC now owns 4,969 shares of the company's stock worth $353,000 after buying an additional 148 shares during the period. Fifth Third Bancorp increased its holdings in Service Co. International by 14.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,226 shares of the company's stock valued at $87,000 after purchasing an additional 151 shares in the last quarter. UMB Bank n.a. increased its holdings in Service Co. International by 7.8% in the 3rd quarter. UMB Bank n.a. now owns 2,167 shares of the company's stock valued at $171,000 after purchasing an additional 156 shares in the last quarter. Larson Financial Group LLC raised its position in Service Co. International by 5.6% in the second quarter. Larson Financial Group LLC now owns 3,020 shares of the company's stock valued at $215,000 after purchasing an additional 159 shares during the period. Finally, HB Wealth Management LLC boosted its position in shares of Service Co. International by 3.5% in the second quarter. HB Wealth Management LLC now owns 4,894 shares of the company's stock worth $348,000 after buying an additional 165 shares during the period. Hedge funds and other institutional investors own 85.53% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SCI shares. Truist Financial raised their target price on Service Co. International from $84.00 to $92.00 and gave the company a "buy" rating in a report on Friday, November 1st. Raymond James raised their target price on Service Co. International from $80.00 to $85.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Finally, StockNews.com raised Service Co. International from a "sell" rating to a "hold" rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $85.25.

Service Co. International Price Performance

Shares of Service Co. International stock traded up $0.17 during midday trading on Monday, reaching $86.72. The company had a trading volume of 284,779 shares, compared to its average volume of 903,188. The stock has a fifty day simple moving average of $81.45 and a 200 day simple moving average of $77.07. Service Co. International has a 1-year low of $64.10 and a 1-year high of $89.37. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.91. The company has a market capitalization of $12.54 billion, a price-to-earnings ratio of 25.16, a price-to-earnings-growth ratio of 2.53 and a beta of 0.85.

Service Co. International (NYSE:SCI - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.79. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.02 billion. Service Co. International had a return on equity of 31.84% and a net margin of 12.19%. The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 earnings per share. As a group, equities research analysts forecast that Service Co. International will post 3.51 earnings per share for the current year.

Service Co. International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.31 dividend. This is a positive change from Service Co. International's previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Friday, December 13th. Service Co. International's dividend payout ratio is currently 34.88%.

Insiders Place Their Bets

In related news, VP Elisabeth G. Nash sold 56,100 shares of the stock in a transaction that occurred 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 sale, the vice president now owns 109,260 shares in the company, valued at approximately $9,410,563.80. This trade represents a 33.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Thomas L. Ryan sold 50,000 shares of the company's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $86.11, for a total value of $4,305,500.00. Following the sale, the chief executive officer now owns 982,333 shares of the company's stock, valued at $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. In the last 90 days, insiders sold 108,655 shares of company stock valued at $9,356,203. Company insiders own 4.60% of the company's stock.

About Service Co. International

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.