Boston Trust Walden Corp boosted its stake in Service Co. International (NYSE:SCI - Free Report) by 2.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 684,846 shares of the company's stock after purchasing an additional 17,874 shares during the period. Boston Trust Walden Corp owned about 0.47% of Service Co. International worth $48,713,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in SCI. Swedbank AB acquired a new stake in Service Co. International in the 1st quarter valued at approximately $224,137,000. Norges Bank acquired a new position in shares of Service Co. International in the fourth quarter worth $92,331,000. GW&K Investment Management LLC acquired a new position in shares of Service Co. International in the fourth quarter worth $22,890,000. Jennison Associates LLC grew its stake in shares of Service Co. International by 430.3% in the first quarter. Jennison Associates LLC now owns 357,075 shares of the company's stock worth $26,499,000 after acquiring an additional 289,741 shares in the last quarter. Finally, Corient Private Wealth LLC grew its stake in shares of Service Co. International by 2,178.3% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 85.53% of the company's stock.
Insider Activity at Service Co. International
In related 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 value of $5,964,792.86. Following the completion of the sale, the chief executive officer now directly owns 988,365 shares of the company's stock, valued at $73,109,359.05. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Thomas L. Ryan sold 80,638 shares of the business's stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $73.97, for a total value of $5,964,792.86. Following the transaction, the chief executive officer now owns 988,365 shares in the company, valued at approximately $73,109,359.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tony Coelho sold 2,900 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $72.38, for a total value of $209,902.00. Following the sale, the director now directly owns 60,629 shares of the company's stock, valued at $4,388,327.02. The disclosure for this sale can be found here. 5.10% of the stock is owned by corporate insiders.
Service Co. International Stock Up 0.7 %
Shares of SCI stock traded up $0.52 on Friday, reaching $76.44. 726,733 shares of the stock were exchanged, compared to its average volume of 1,288,237. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 3.05. The business's 50 day moving average price is $73.31 and its 200 day moving average price is $71.91. The company has a market capitalization of $11.04 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 2.16 and a beta of 0.84. Service Co. International has a twelve month low of $52.89 and a twelve month high of $80.37.
Service Co. International (NYSE:SCI - Get Free Report) last issued its earnings results on Wednesday, July 31st. The company reported $0.79 EPS for the quarter, missing analysts' consensus estimates of $0.86 by ($0.07). Service Co. International had a return on equity of 32.07% and a net margin of 12.32%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the firm posted $0.83 EPS. The business's revenue for the quarter was up 2.0% on a year-over-year basis. As a group, sell-side analysts expect that Service Co. International will post 3.52 earnings per share for the current fiscal year.
Service Co. International Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a yield of 1.57%. Service Co. International's dividend payout ratio (DPR) is presently 34.48%.
Wall Street Analyst Weigh In
Several research firms have commented on SCI. Oppenheimer boosted their price target on shares of Service Co. International from $76.00 to $79.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 22nd. StockNews.com downgraded shares of Service Co. International from a "hold" rating to a "sell" rating in a research note on Thursday, August 1st. Truist Financial boosted their target price on shares of Service Co. International from $80.00 to $84.00 and gave the stock a "buy" rating in a research note on Friday, June 21st. Finally, UBS Group boosted their target price on shares of Service Co. International from $83.00 to $85.00 and gave the stock a "buy" rating in a research note on Friday, May 17th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $77.60.
Check Out Our Latest Report on SCI
Service Co. International Profile
(
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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