Maj Invest Holding A S Trims Stake in Service Co. International (NYSE:SCI)

Maj Invest Holding A S lessened its position in Service Co. International (NYSE:SCI - Free Report) by 12.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 705,054 shares of the company's stock after selling 99,593 shares during the quarter. Service Co. International accounts for approximately 1.9% of Maj Invest Holding A S's portfolio, making the stock its 22nd largest holding. Maj Invest Holding A S owned about 0.49% of Service Co. International worth $56,278,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SCI. nVerses Capital LLC grew its holdings in shares of Service Co. International by 75.0% during the 3rd quarter. nVerses Capital LLC now owns 700 shares of the company's stock valued at $55,000 after purchasing an additional 300 shares during the last quarter. Quarry LP increased its holdings in shares of Service Co. International by 258.6% in the second quarter. Quarry LP now owns 789 shares of the company's stock worth $56,000 after buying an additional 569 shares during the period. Waldron Private Wealth LLC bought a new stake in shares of Service Co. International in the 3rd quarter valued at about $57,000. Farther Finance Advisors LLC boosted its holdings in Service Co. International by 36.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 926 shares of the company's stock valued at $73,000 after acquiring an additional 249 shares during the period. Finally, Capital Performance Advisors LLP bought a new position in Service Co. International during the 3rd quarter worth approximately $80,000. Hedge funds and other institutional investors own 85.53% of the company's stock.

Insider Buying and Selling at Service Co. International

In other Service Co. International news, VP Elisabeth G. Nash sold 56,100 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $86.13, for a total transaction of $4,831,893.00. Following the sale, the vice president now directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Tony Coelho sold 2,555 shares of Service Co. International stock in a transaction on Wednesday, November 20th. The stock was 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 directly owns 53,324 shares of the company's stock, valued at approximately $4,566,667.36. The trade was a 4.57 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 108,655 shares of company stock valued at $9,356,203. Corporate insiders own 5.10% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. StockNews.com raised Service Co. International from a "sell" rating to a "hold" rating in a research note on Wednesday, December 4th. Truist Financial boosted their price objective 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. Oppenheimer raised their target price on Service Co. International from $86.00 to $92.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. Finally, Raymond James increased their price objective on Service Co. International from $80.00 to $85.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $88.50.

Service Co. International Stock Up 3.2 %

Shares of SCI traded up $2.51 on Monday, reaching $80.33. The stock had a trading volume of 1,254,122 shares, compared to its average volume of 981,290. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.48 and a current ratio of 0.52. Service Co. International has a 12-month low of $64.10 and a 12-month high of $89.37. The firm has a market capitalization of $11.62 billion, a price-to-earnings ratio of 23.35, a price-to-earnings-growth ratio of 2.02 and a beta of 0.87. The company has a 50-day simple moving average of $82.22 and a 200-day simple moving average of $79.31.

Service Co. International (NYSE:SCI - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, meeting the consensus estimate of $0.79. The business had revenue of $1.01 billion during 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 company's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 earnings per share. Sell-side analysts predict that Service Co. International will post 3.51 EPS for the current year.

Service Co. International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date was Friday, December 13th. This is a boost from Service Co. International's previous quarterly dividend of $0.30. Service Co. International's dividend payout ratio is 34.88%.

About Service Co. International

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.