Service Co. International (NYSE:SCI) Stock Position Decreased by Nordea Investment Management AB

Nordea Investment Management AB lowered its position in Service Co. International (NYSE:SCI - Free Report) by 1.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 901,919 shares of the company's stock after selling 15,940 shares during the period. Nordea Investment Management AB owned about 0.62% of Service Co. International worth $66,986,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. TFO Wealth Partners LLC raised its position in shares of Service Co. International by 12,200.0% during the 4th quarter. TFO Wealth Partners LLC now owns 369 shares of the company's stock valued at $25,000 after buying an additional 366 shares in the last quarter. Rise Advisors LLC purchased a new stake in shares of Service Co. International during the 1st quarter valued at about $31,000. Massmutual Trust Co. FSB ADV raised its position in shares of Service Co. International by 204.1% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 599 shares of the company's stock valued at $41,000 after buying an additional 402 shares in the last quarter. ICA Group Wealth Management LLC purchased a new stake in shares of Service Co. International during the 4th quarter valued at about $42,000. Finally, M&R Capital Management Inc. raised its position in shares of Service Co. International by 125.5% during the 4th quarter. M&R Capital Management Inc. now owns 902 shares of the company's stock valued at $62,000 after buying an additional 502 shares in the last quarter. Institutional investors own 85.53% of the company's stock.

Insiders Place Their Bets

In related news, Director Tony Coelho sold 2,900 shares of the firm's stock in a transaction on Friday, June 14th. The shares were sold at an average price of $72.38, for a total transaction of $209,902.00. Following the completion of the transaction, the director now owns 60,629 shares of the company's stock, valued at $4,388,327.02. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Victor L. Lund sold 7,606 shares of the firm's stock in a transaction on Monday, April 15th. The shares were sold at an average price of $70.00, for a total transaction of $532,420.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Tony Coelho sold 2,900 shares of the firm's stock in a transaction on Friday, June 14th. The shares were sold at an average price of $72.38, for a total transaction of $209,902.00. Following the sale, the director now owns 60,629 shares in the company, valued at approximately $4,388,327.02. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,517 shares of company stock valued at $813,092. Insiders own 4.60% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on SCI shares. UBS Group upped their target price on shares of Service Co. International from $83.00 to $85.00 and gave the company a "buy" rating in a research report on Friday, May 17th. Oppenheimer increased their price objective on shares of Service Co. International from $76.00 to $79.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 22nd. Finally, Truist Financial increased their price objective on shares of Service Co. International from $80.00 to $84.00 and gave the stock a "buy" rating in a research report on Friday, June 21st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $78.00.

Service Co. International Stock Down 0.5 %

Shares of NYSE SCI traded down $0.33 during midday trading on Tuesday, reaching $69.55. 618,591 shares of the company's stock traded hands, compared to its average volume of 870,404. The company has a quick ratio of 0.57, a current ratio of 0.62 and a debt-to-equity ratio of 2.90. The stock's 50 day simple moving average is $70.87 and its 200-day simple moving average is $70.66. Service Co. International has a one year low of $52.89 and a one year high of $75.97. The company has a market cap of $10.13 billion, a price-to-earnings ratio of 19.99, a P/E/G ratio of 1.88 and a beta of 0.84.

Service Co. International (NYSE:SCI - Get Free Report) last posted its earnings results on Wednesday, May 1st. The company reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.04. Service Co. International had a net margin of 12.73% and a return on equity of 32.23%. The company had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter in the prior year, the company posted $0.93 earnings per share. Service Co. International's revenue for the quarter was up 1.6% compared to the same quarter last year. On average, analysts predict that Service Co. International will post 3.66 EPS for the current fiscal year.

Service Co. International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.73%. Service Co. International's dividend payout ratio is currently 34.48%.

Service Co. International Company 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.