Proficio Capital Partners LLC Raises Stock Position in Service Co. International (NYSE:SCI)

Proficio Capital Partners LLC raised its stake in shares of Service Co. International (NYSE:SCI - Free Report) by 8,471.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 297,253 shares of the company's stock after acquiring an additional 293,785 shares during the period. Proficio Capital Partners LLC owned about 0.21% of Service Co. International worth $23,727,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SCI. Franklin Resources Inc. increased its stake in Service Co. International by 263.1% in the 3rd quarter. Franklin Resources Inc. now owns 15,912 shares of the company's stock valued at $1,206,000 after buying an additional 11,530 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Service Co. International by 7,802.1% during the third quarter. International Assets Investment Management LLC now owns 7,586 shares of the company's stock valued at $599,000 after acquiring an additional 7,490 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Service Co. International by 5.1% during the third quarter. Geode Capital Management LLC now owns 3,211,902 shares of the company's stock worth $253,567,000 after acquiring an additional 156,086 shares during the period. Premier Fund Managers Ltd boosted its position in Service Co. International by 23.9% in the third quarter. Premier Fund Managers Ltd now owns 1,093,723 shares of the company's stock worth $85,721,000 after purchasing an additional 210,802 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in Service Co. International by 1.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 185,277 shares of the company's stock valued at $14,348,000 after purchasing an additional 3,375 shares during the period. Institutional investors own 85.53% of the company's stock.

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Service Co. International Stock Performance

Shares of SCI stock traded down $0.27 on Tuesday, hitting $79.74. 803,673 shares of the stock were exchanged, compared to its average volume of 1,213,172. The firm's 50 day moving average is $78.50 and its two-hundred day moving average is $79.96. Service Co. International has a one year low of $67.19 and a one year high of $89.37. The firm has a market capitalization of $11.50 billion, a PE ratio of 22.50, a P/E/G ratio of 1.90 and a beta of 0.90. 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 (NYSE:SCI - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $1.06 earnings per share for the quarter, hitting the consensus estimate of $1.06. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. Sell-side analysts expect that Service Co. International will post 3.84 earnings per share for the current fiscal year.

Service Co. International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.32 dividend. The ex-dividend date is Friday, March 14th. 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 1.61%. Service Co. International's payout ratio is 36.06%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on SCI shares. Oppenheimer lifted their target price on Service Co. International from $86.00 to $92.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. StockNews.com lowered shares of Service Co. International from a "hold" rating to a "sell" rating in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. According to MarketBeat, Service Co. International presently has an average rating of "Moderate Buy" and an average price target of $88.50.

Service Co. International Profile

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.