Service Co. International (NYSE:SCI) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lessened its position in shares of Service Co. International (NYSE:SCI - Free Report) by 3.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 179,720 shares of the company's stock after selling 5,810 shares during the quarter. Retirement Systems of Alabama owned about 0.12% of Service Co. International worth $12,783,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SCI. International Assets Investment Management LLC raised its stake in shares of Service Co. International by 6,783.1% during the 4th quarter. International Assets Investment Management LLC now owns 11,839 shares of the company's stock worth $810,000 after acquiring an additional 11,667 shares in the last quarter. Signaturefd LLC grew its position in Service Co. International by 18.9% during the 4th quarter. Signaturefd LLC now owns 2,667 shares of the company's stock worth $183,000 after purchasing an additional 423 shares during the last quarter. Larson Financial Group LLC grew its position in Service Co. International by 100.3% during the 4th quarter. Larson Financial Group LLC now owns 1,254 shares of the company's stock worth $86,000 after purchasing an additional 628 shares during the last quarter. GAMMA Investing LLC purchased a new stake in Service Co. International during the 4th quarter worth approximately $72,000. Finally, Stanley Laman Group Ltd. purchased a new stake in Service Co. International during the 4th quarter worth approximately $2,484,000. Institutional investors own 85.53% of the company's stock.

Service Co. International Stock Performance

Shares of SCI stock traded up $1.17 during trading hours on Friday, hitting $77.39. The company's stock had a trading volume of 738,752 shares, compared to its average volume of 914,216. 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 company has a 50 day moving average of $73.70 and a 200 day moving average of $72.21. Service Co. International has a 12-month low of $52.89 and a 12-month high of $80.37. The stock has a market cap of $11.18 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 2.20 and a beta of 0.84.

Service Co. International (NYSE:SCI - Get Free Report) last posted its earnings results on Wednesday, July 31st. The company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the firm earned $0.83 earnings per share. The business's revenue for the quarter was up 2.0% on a year-over-year basis. On average, sell-side analysts forecast that Service Co. International will post 3.52 EPS for the current fiscal year.

Service Co. International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Friday, September 13th. Service Co. International's dividend payout ratio is presently 34.48%.

Insiders Place Their Bets

In other Service Co. International news, Director Tony Coelho sold 2,900 shares of the company'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 directly owns 60,629 shares in the company, valued at $4,388,327.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Thomas L. Ryan sold 80,638 shares of the stock in a transaction dated 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 in the company, valued at $73,109,359.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 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 currently owned by company insiders.

Analyst Ratings Changes

Several analysts have weighed in on the stock. StockNews.com downgraded shares of Service Co. International from a "hold" rating to a "sell" rating in a research report on Thursday, August 1st. UBS Group upped their price objective on shares of Service Co. International from $83.00 to $85.00 and gave the company a "buy" rating in a report on Friday, May 17th. Oppenheimer upped their price objective on shares of Service Co. International from $76.00 to $79.00 and gave the company an "outperform" rating in a report on Wednesday, May 22nd. Finally, Truist Financial upped their price objective on shares of Service Co. International from $80.00 to $84.00 and gave the company a "buy" rating in a report on Friday, June 21st. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $77.60.

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.