Rheos Capital Works Inc. Decreases Holdings in Service Co. International (NYSE:SCI)

Rheos Capital Works Inc. lowered its position in Service Co. International (NYSE:SCI - Free Report) by 25.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 135,000 shares of the company's stock after selling 45,000 shares during the period. Rheos Capital Works Inc. owned about 0.09% of Service Co. International worth $10,656,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. nVerses Capital LLC boosted its holdings in Service Co. International by 100.0% in 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 period. Rise Advisors LLC purchased a new stake in shares of Service Co. International during the 1st quarter valued at about $31,000. Whittier Trust Co. raised 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 valued at $40,000 after buying an additional 435 shares in the last quarter. Blue Trust Inc. raised its position in shares of 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. Finally, Quarry LP raised its position in shares of Service Co. International by 258.6% during the 2nd quarter. Quarry LP now owns 789 shares of the company's stock valued at $56,000 after buying an additional 569 shares in the last quarter. Institutional investors own 85.53% of the company's stock.

Service Co. International Trading Down 0.9 %

Service Co. International stock traded down $0.71 during midday trading on Thursday, reaching $75.58. The stock had a trading volume of 891,083 shares, compared to its average volume of 902,325. 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 52-week low of $52.89 and a 52-week high of $81.32. The firm has a market cap of $10.91 billion, a price-to-earnings ratio of 22.03, a price-to-earnings-growth ratio of 2.18 and a beta of 0.84. The company has a fifty day moving average of $77.33 and a 200 day moving average of $73.69.

Service Co. International (NYSE:SCI - Get Free Report) last issued its earnings results on Wednesday, July 31st. The company reported $0.79 EPS for the quarter, missing analysts' consensus estimates of $0.86 by ($0.07). The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. Service Co. International had a return on equity of 32.07% and a net margin of 12.32%. Service Co. International's revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.83 earnings per share. On average, analysts anticipate that Service Co. International will post 3.52 earnings per share for the current fiscal year.

Service Co. International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.30 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a yield of 1.59%. Service Co. International's dividend payout ratio is currently 34.99%.

Insiders Place Their Bets

In other Service Co. International news, CEO Thomas L. Ryan sold 80,638 shares of the company's 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 transaction, the chief executive officer now directly owns 988,365 shares in the company, valued at $73,109,359.05. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Thomas L. Ryan sold 80,638 shares of the stock in a transaction that occurred 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 directly owns 988,365 shares in the company, valued at approximately $73,109,359.05. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ellen Ochoa sold 2,642 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were 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 own 4.60% of the company's stock.

Analysts Set New Price Targets

SCI has been the topic of a number of recent analyst reports. 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 report on Friday, June 21st. StockNews.com lowered shares of Service Co. International from a "hold" rating to a "sell" rating in a research report on Thursday, August 1st.

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.