Service Co. International (NYSE:SCI) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its position in Service Co. International (NYSE:SCI - Free Report) by 1.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 471,130 shares of the company's stock after selling 7,765 shares during the quarter. Rhumbline Advisers owned approximately 0.32% of Service Co. International worth $33,511,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SCI. TFO Wealth Partners LLC lifted its position 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 worth $25,000 after buying an additional 366 shares during the last quarter. nVerses Capital LLC lifted its position in shares of Service Co. International by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 400 shares of the company's stock worth $28,000 after buying an additional 200 shares during the last quarter. Rise Advisors LLC purchased a new stake in shares of Service Co. International during the 1st quarter worth approximately $31,000. Whittier Trust Co. lifted its position in shares of Service Co. International by 406.5% during the 1st quarter. Whittier Trust Co. now owns 542 shares of the company's stock worth $40,000 after buying an additional 435 shares during the last quarter. Finally, ICA Group Wealth Management LLC purchased a new stake in shares of Service Co. International during the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 85.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SCI shares. UBS Group boosted their price objective on shares of Service Co. International from $83.00 to $85.00 and gave the stock a "buy" rating in a research report on Friday, May 17th. 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 research report on Friday, June 21st. Oppenheimer lifted their target price 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, StockNews.com cut shares of Service Co. International from a "hold" rating to a "sell" rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $77.60.

Service Co. International Stock Performance

Shares of Service Co. International stock traded down $0.54 during trading on Friday, reaching $77.91. The company's stock had a trading volume of 869,863 shares, compared to its average volume of 816,980. 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 firm has a market cap of $11.25 billion, a PE ratio of 22.39, a P/E/G ratio of 2.25 and a beta of 0.84. The company has a 50-day moving average price of $74.85 and a two-hundred day moving average price of $72.83. Service Co. International has a fifty-two week low of $52.89 and a fifty-two week high of $80.37.

Service Co. International (NYSE:SCI - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.03 billion. Service Co. International had a net margin of 12.32% and a return on equity of 32.07%. The business's quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.83 earnings per share. On average, analysts forecast that Service Co. International will post 3.52 EPS for the current year.

Service Co. International Dividend Announcement

The company 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 is Friday, September 13th. This represents a $1.20 annualized dividend and a yield of 1.54%. Service Co. International's dividend payout ratio is currently 34.48%.

Insider Buying and Selling at Service Co. International

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 value 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 filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Tony Coelho sold 2,900 shares of the business's stock in a transaction dated Friday, June 14th. The shares were 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 in the company, valued at approximately $4,388,327.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $5,964,792.86. Following the completion of 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. In the last three months, insiders have sold 86,180 shares of company stock valued at $6,376,570. 5.10% of the stock is owned by company insiders.

About Service Co. International

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.