AQR Capital Management LLC Lowers Position in Service Co. International (NYSE:SCI)

AQR Capital Management LLC lowered its position in shares of Service Co. International (NYSE:SCI - Free Report) by 82.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,170 shares of the company's stock after selling 24,359 shares during the period. AQR Capital Management LLC's holdings in Service Co. International were worth $368,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. nVerses Capital LLC raised its stake in shares of Service Co. International by 100.0% during the second quarter. nVerses Capital LLC now owns 400 shares of the company's stock valued at $28,000 after acquiring an additional 200 shares during the last quarter. Rise Advisors LLC bought a new position in Service Co. International during the 1st quarter worth $31,000. Whittier Trust Co. lifted its holdings in 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 period. Blue Trust Inc. grew its position in shares of Service Co. International by 121.9% in 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 during the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in shares of Service Co. International in the first quarter valued at about $65,000. Institutional investors and hedge funds own 85.53% of the company's stock.

Service Co. International Trading Up 1.1 %

NYSE SCI traded up $0.85 during trading hours on Wednesday, hitting $76.28. 644,377 shares of the company's stock were exchanged, compared to its average volume of 902,382. The firm has a market cap of $11.01 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 2.15 and a beta of 0.84. The stock has a 50-day simple moving average of $77.26 and a 200 day simple moving average of $73.66. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 3.05. Service Co. International has a 1-year low of $52.89 and a 1-year high of $81.32.

Service Co. International (NYSE:SCI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.79 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $1.03 billion. During the same period last year, the business earned $0.83 EPS. The business's quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities 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 was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.57%. Service Co. International's dividend payout ratio (DPR) is presently 34.99%.

Analyst Ratings Changes

Several analysts recently commented on the company. Truist Financial upped their target price on Service Co. International from $80.00 to $84.00 and gave the company a "buy" rating in a report on Friday, June 21st. StockNews.com lowered shares of Service Co. International from a "hold" rating to a "sell" rating in a research note on Thursday, August 1st.

Insider Activity

In related news, CEO Thomas L. Ryan sold 80,638 shares of the company's stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 988,365 shares of the company's stock, valued at approximately $73,109,359.05. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 completion of the sale, the chief executive officer now owns 988,365 shares in the company, valued at approximately $73,109,359.05. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ellen Ochoa sold 2,642 shares of the company's stock in a transaction on 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. 5.10% of the stock is currently 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.