Principal Financial Group Inc. decreased its stake in shares of Service Co. International (NYSE:SCI - Free Report) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 331,361 shares of the company's stock after selling 5,661 shares during the period. Principal Financial Group Inc. owned about 0.23% of Service Co. International worth $26,449,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC lifted its stake in Service Co. International by 36.8% during the third quarter. Farther Finance Advisors LLC now owns 926 shares of the company's stock valued at $73,000 after purchasing an additional 249 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in Service Co. International in the 3rd quarter valued at $80,000. Quest Partners LLC raised its stake in shares of Service Co. International by 110,300.0% in the third quarter. Quest Partners LLC now owns 1,104 shares of the company's stock valued at $87,000 after acquiring an additional 1,103 shares during the last quarter. Blue Trust Inc. boosted its holdings in Service Co. International by 64.3% in the third quarter. Blue Trust Inc. now owns 1,163 shares of the company's stock valued at $92,000 after acquiring an additional 455 shares during the last quarter. Finally, Allworth Financial LP raised its position in shares of Service Co. International by 29.1% in the 3rd quarter. Allworth Financial LP now owns 1,327 shares of the company's stock valued at $105,000 after acquiring an additional 299 shares during the period. 85.53% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on SCI shares. Raymond James boosted their target price on shares of Service Co. International from $80.00 to $85.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Truist Financial upped their target price on Service Co. International from $84.00 to $92.00 and gave the company a "buy" rating in a report on Friday, November 1st. Oppenheimer boosted their price target on shares of 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, StockNews.com cut Service Co. International from a "hold" rating to a "sell" rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Service Co. International presently has an average rating of "Moderate Buy" and a consensus price target of $88.50.
Get Our Latest Analysis on SCI
Service Co. International Price Performance
Shares of SCI traded down $0.11 during trading hours on Wednesday, reaching $80.66. 422,662 shares of the stock traded hands, compared to its average volume of 1,214,530. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.83. Service Co. International has a 52-week low of $67.19 and a 52-week high of $89.37. The company's 50-day moving average price is $78.60 and its two-hundred day moving average price is $79.80. The company has a market cap of $11.63 billion, a P/E ratio of 22.72, a price-to-earnings-growth ratio of 1.90 and a beta of 0.87.
Service Co. International (NYSE:SCI - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.06 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.06. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. On average, analysts anticipate that Service Co. International will post 3.84 earnings per share for the current year.
Service Co. International Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.32 per share. This is a boost from Service Co. International's previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, March 14th. Service Co. International's payout ratio is currently 36.06%.
Service Co. International Profile
(
Free Report)
Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery segments. The Funeral segment offers services related to cremations, including the use of home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, memorialization, and catering.
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