Oak Thistle LLC bought a new position in Service Co. International (NYSE:SCI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 3,843 shares of the company's stock, valued at approximately $307,000.
Several other large investors have also recently bought and sold shares of the company. Choreo LLC acquired a new position in Service Co. International in the 2nd quarter valued at approximately $210,000. American Century Companies Inc. raised its position in Service Co. International by 4.3% during the 2nd quarter. American Century Companies Inc. now owns 33,181 shares of the company's stock worth $2,360,000 after purchasing an additional 1,368 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Service Co. International by 7.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,942,559 shares of the company's stock worth $138,183,000 after buying an additional 135,017 shares during the period. XTX Topco Ltd lifted its holdings in Service Co. International by 125.6% during the 2nd quarter. XTX Topco Ltd now owns 22,735 shares of the company's stock worth $1,617,000 after buying an additional 12,656 shares during the period. Finally, Inspire Investing LLC grew its position in shares of Service Co. International by 3.1% in the 2nd quarter. Inspire Investing LLC now owns 4,969 shares of the company's stock valued at $353,000 after buying an additional 148 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Service Co. International
In other Service Co. International news, CEO Thomas L. Ryan sold 50,000 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $86.11, for a total transaction of $4,305,500.00. Following the completion of the transaction, the chief executive officer now owns 982,333 shares of the company's stock, valued at $84,588,694.63. This represents a 4.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Elisabeth G. Nash sold 56,100 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $86.13, for a total value of $4,831,893.00. Following the transaction, the vice president now owns 109,260 shares of the company's stock, valued at $9,410,563.80. This represents a 33.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 108,655 shares of company stock valued at $9,356,203 over the last 90 days. 4.60% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on SCI. StockNews.com raised Service Co. International from a "sell" rating to a "hold" rating in a research report on Wednesday, December 4th. Raymond James lifted their target price on Service Co. International from $80.00 to $85.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Oppenheimer boosted their price target on Service Co. International from $86.00 to $92.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. Finally, Truist Financial raised their price objective on shares of Service Co. International from $84.00 to $92.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $88.50.
Get Our Latest Analysis on Service Co. International
Service Co. International Price Performance
NYSE:SCI traded up $0.23 during trading hours on Friday, hitting $76.92. The stock had a trading volume of 670,726 shares, compared to its average volume of 787,966. The firm has a market capitalization of $11.13 billion, a price-to-earnings ratio of 22.36, a P/E/G ratio of 2.00 and a beta of 0.87. The company has a debt-to-equity ratio of 2.91, a current ratio of 0.52 and a quick ratio of 0.48. The company has a 50 day simple moving average of $83.12 and a two-hundred day simple moving average of $78.86. Service Co. International has a one year low of $64.10 and a one year high of $89.37.
Service Co. International (NYSE:SCI - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, meeting analysts' consensus estimates of $0.79. Service Co. International had a return on equity of 31.84% and a net margin of 12.19%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the company earned $0.78 earnings per share. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. Research analysts forecast that Service Co. International will post 3.51 earnings per share for the current fiscal year.
Service Co. International Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.31 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.24 annualized dividend and a dividend yield of 1.61%. This is an increase from Service Co. International's previous quarterly dividend of $0.30. Service Co. International's dividend payout ratio (DPR) is 34.88%.
Service Co. International Profile
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Free Report)
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.
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