Legacy Capital Wealth Partners LLC Makes New $519,000 Investment in Service Co. International (NYSE:SCI)

Legacy Capital Wealth Partners LLC acquired a new stake in shares of Service Co. International (NYSE:SCI - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,291 shares of the company's stock, valued at approximately $519,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bridgefront Capital LLC bought a new position in shares of Service Co. International in the 4th quarter worth approximately $852,000. Boulder Hill Capital Management LP bought a new stake in shares of Service Co. International during the 4th quarter valued at $2,492,000. International Assets Investment Management LLC increased its stake in shares of Service Co. International by 6,783.1% in the 4th quarter. International Assets Investment Management LLC now owns 11,839 shares of the company's stock worth $810,000 after purchasing an additional 11,667 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Service Co. International by 3.8% in the 4th quarter. Parallel Advisors LLC now owns 4,515 shares of the company's stock worth $309,000 after purchasing an additional 165 shares in the last quarter. Finally, BDF Gestion bought a new position in Service Co. International in the 2nd quarter worth $3,948,000. Hedge funds and other institutional investors own 85.53% of the company's stock.

Service Co. International Price Performance

SCI stock traded down $0.11 during midday trading on Wednesday, hitting $77.95. The company's stock had a trading volume of 609,921 shares, compared to its average volume of 913,446. 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 12 month low of $52.89 and a 12 month high of $80.37. The company has a 50 day moving average of $74.59 and a two-hundred day moving average of $72.73. The firm has a market capitalization of $11.35 billion, a price-to-earnings ratio of 22.40, a price-to-earnings-growth ratio of 2.25 and a beta of 0.84.

Service Co. International (NYSE:SCI - Get Free Report) last issued its earnings results 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 return on equity of 32.07% and a net margin of 12.32%. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the company posted $0.83 EPS. Service Co. International's revenue was up 2.0% compared to the same quarter last year. On average, analysts expect that Service Co. International will post 3.52 EPS for the current year.

Service Co. International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid 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 dividend yield of 1.54%. Service Co. International's payout ratio is currently 34.48%.

Insider Transactions at Service Co. International

In related news, Director Ellen Ochoa sold 2,642 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total value of $201,875.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 owns 988,365 shares in the company, valued at $73,109,359.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ellen Ochoa sold 2,642 shares of the firm's stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total transaction of $201,875.22. The disclosure for this sale can be found here. Insiders have sold a total of 86,180 shares of company stock worth $6,376,570 in the last three months. Insiders own 5.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SCI. UBS Group upped their price target 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 upped 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 report on Wednesday, May 22nd. 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 note on Friday, June 21st. Finally, StockNews.com cut shares of Service Co. International from a "hold" rating to a "sell" rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat, Service Co. International currently has a consensus rating of "Moderate Buy" and a consensus 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.