Service Co. International (NYSE:SCI) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its holdings in shares of Service Co. International (NYSE:SCI - Free Report) by 0.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,467,750 shares of the company's stock after selling 6,898 shares during the period. Bank of New York Mellon Corp owned about 1.01% of Service Co. International worth $104,401,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. TFO Wealth Partners LLC boosted its holdings 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 bought a new stake in shares of Service Co. International in the 1st quarter worth approximately $31,000. Whittier Trust Co. boosted its position in shares of Service Co. International by 406.5% in the 1st quarter. Whittier Trust Co. now owns 542 shares of the company's stock worth $40,000 after purchasing an additional 435 shares in the last quarter. ICA Group Wealth Management LLC purchased a new stake in shares of Service Co. International in the 4th quarter worth approximately $42,000. Finally, Blue Trust Inc. increased its position in Service Co. International by 121.9% during the 2nd quarter. Blue Trust Inc. now owns 708 shares of the company's stock valued at $53,000 after buying an additional 389 shares in the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Service Co. International

In related news, Director Ellen Ochoa sold 2,642 shares of the company's stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total transaction of $201,875.22. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Service Co. International news, Director Ellen Ochoa sold 2,642 shares of the business's stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total transaction of $201,875.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas L. Ryan sold 80,638 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer now owns 988,365 shares in the company, valued at $73,109,359.05. The disclosure for this sale can be found here. Insiders sold 86,180 shares of company stock worth $6,376,570 in the last quarter. 5.10% of the stock is owned by corporate insiders.

Service Co. International Price Performance

Shares of Service Co. International stock traded up $0.28 on Wednesday, hitting $78.38. 536,225 shares of the company traded hands, compared to its average volume of 913,450. Service Co. International has a 52 week low of $52.89 and a 52 week high of $80.37. The business has a 50-day simple moving average of $73.91 and a 200 day simple moving average of $72.42. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.51 and a current ratio of 0.55. The stock has a market capitalization of $11.41 billion, a P/E ratio of 22.44, a price-to-earnings-growth ratio of 2.20 and a beta of 0.84.

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

Service Co. International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Friday, September 13th. Service Co. International's payout ratio is presently 34.48%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SCI shares. Oppenheimer increased their price objective 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. StockNews.com lowered shares of Service Co. International from a "hold" rating to a "sell" rating in a research report 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 company a "buy" rating in a research report on Friday, June 21st. Finally, UBS Group lifted their target price on Service Co. International from $83.00 to $85.00 and gave the company a "buy" rating in a research report on Friday, May 17th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $77.60.

Service Co. International 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.