SG Americas Securities LLC purchased a new stake in Service Co. International (NYSE:SCI - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 15,844 shares of the company's stock, valued at approximately $1,127,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Swedbank AB bought a new position in shares of Service Co. International in the first quarter worth approximately $224,137,000. Norges Bank bought a new position in shares of Service Co. International in the 4th quarter worth $92,331,000. GW&K Investment Management LLC purchased a new stake in shares of Service Co. International during the 4th quarter valued at $22,890,000. Jennison Associates LLC raised its position in shares of Service Co. International by 430.3% during the 1st quarter. Jennison Associates LLC now owns 357,075 shares of the company's stock valued at $26,499,000 after buying an additional 289,741 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its holdings in shares of Service Co. International by 2,178.3% during the 4th quarter. Corient Private Wealth LLC now owns 234,484 shares of the company's stock worth $16,050,000 after acquiring an additional 224,192 shares during the last quarter. Hedge funds and other institutional investors own 85.53% of the company's stock.
Insider Buying and Selling at Service Co. International
In other news, Director Tony Coelho sold 2,900 shares of the stock in a transaction dated 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 sale, the director now directly owns 60,629 shares in the company, valued at $4,388,327.02. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Service Co. International news, CEO Thomas L. Ryan sold 80,638 shares of the business's stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $73.97, for a total transaction of $5,964,792.86. Following the transaction, the chief executive officer now directly owns 988,365 shares of the company's stock, valued at approximately $73,109,359.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Tony Coelho sold 2,900 shares of the company's stock in a transaction on Friday, June 14th. The stock was 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 disclosure for this sale can be found here. Corporate insiders own 5.10% of the company's stock.
Service Co. International Trading Up 0.7 %
Shares of NYSE SCI traded up $0.52 during midday trading on Friday, reaching $76.44. The company had a trading volume of 726,733 shares, compared to its average volume of 1,288,237. The firm's fifty day moving average price is $73.31 and its 200-day moving average price is $71.88. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 3.05. Service Co. International has a one year low of $52.89 and a one year high of $80.37. The stock has a market cap of $11.04 billion, a PE ratio of 21.97, a price-to-earnings-growth ratio of 2.16 and a beta of 0.84.
Service Co. International (NYSE:SCI - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.79 earnings per share for the quarter, missing analysts' consensus estimates of $0.86 by ($0.07). Service Co. International had a net margin of 12.32% and a return on equity of 32.07%. The company had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $1.03 billion. During the same period last year, the company posted $0.83 EPS. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. On average, equities research analysts anticipate that Service Co. International will post 3.52 earnings per share for the current year.
Service Co. International Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Friday, September 13th. Service Co. International's dividend payout ratio (DPR) is presently 34.48%.
Analyst Ratings Changes
A number of equities research analysts have weighed in on SCI shares. StockNews.com downgraded Service Co. International from a "hold" rating to a "sell" rating in a research report on Thursday, August 1st. UBS Group boosted their target price on Service Co. International from $83.00 to $85.00 and gave the stock a "buy" rating in a research report on Friday, May 17th. Oppenheimer increased their price target on shares of Service Co. International from $76.00 to $79.00 and gave the company an "outperform" rating in a research report on Wednesday, May 22nd. Finally, Truist Financial boosted their price objective on shares of Service Co. International from $80.00 to $84.00 and gave the stock a "buy" rating in a report on Friday, June 21st. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Service Co. International has a consensus rating of "Moderate Buy" and a consensus target price of $77.60.
View Our Latest Research Report on SCI
About Service Co. International
(
Free Report)
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.
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