Service Co. International (NYSE:SCI) Shares Sold by RFG Advisory LLC

RFG Advisory LLC cut its stake in Service Co. International (NYSE:SCI - Free Report) by 8.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 128,489 shares of the company's stock after selling 11,994 shares during the quarter. RFG Advisory LLC owned about 0.09% of Service Co. International worth $10,256,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. American Century Companies Inc. lifted its stake in shares of 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 acquiring an additional 1,368 shares during the last quarter. AE Wealth Management LLC lifted its position in shares of Service Co. International by 4.6% during the second quarter. AE Wealth Management LLC now owns 7,534 shares of the company's stock worth $536,000 after purchasing an additional 331 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Service Co. International by 14.1% during the second quarter. Sei Investments Co. now owns 118,087 shares of the company's stock valued at $8,400,000 after purchasing an additional 14,610 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of Service Co. International by 37.3% in the second quarter. Thrivent Financial for Lutherans now owns 55,155 shares of the company's stock worth $3,924,000 after purchasing an additional 14,982 shares during the last quarter. Finally, Evergreen Capital Management LLC purchased a new position in Service Co. International in the 2nd quarter worth about $265,000. 85.53% of the stock is owned by hedge funds and other institutional investors.

Service Co. International Stock Performance

NYSE:SCI traded up $0.28 during trading hours on Friday, reaching $77.77. The company had a trading volume of 525,256 shares, compared to its average volume of 938,858. The company has a debt-to-equity ratio of 2.91, a current ratio of 0.52 and a quick ratio of 0.48. Service Co. International has a 1-year low of $64.10 and a 1-year high of $89.37. The business's 50 day moving average price is $82.59 and its 200-day moving average price is $79.07. The firm has a market cap of $11.25 billion, a PE ratio of 22.60, a price-to-earnings-growth ratio of 2.02 and a beta of 0.87.

Service Co. International (NYSE:SCI - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.79. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. The firm had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same period in the previous year, the business posted $0.78 EPS. The business's revenue was up 1.2% compared to the same quarter last year. Research analysts forecast that Service Co. International will post 3.51 EPS for the current year.

Service Co. International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.59%. This is a boost from Service Co. International's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, December 13th. Service Co. International's payout ratio is presently 34.88%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SCI shares. StockNews.com raised shares of Service Co. International from a "sell" rating to a "hold" rating in a research report on Wednesday, December 4th. Raymond James increased 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 price objective on Service Co. International from $84.00 to $92.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Finally, Oppenheimer lifted their target price 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. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $88.50.

Insider Buying and Selling at Service Co. International

In related news, CEO Thomas L. Ryan sold 50,000 shares of Service Co. International stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $86.11, for a total value of $4,305,500.00. Following the completion of the transaction, the chief executive officer now owns 982,333 shares in the company, valued at approximately $84,588,694.63. The trade was a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Elisabeth G. Nash sold 56,100 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $86.13, for a total transaction of $4,831,893.00. Following the sale, the vice president now owns 109,260 shares in the company, valued at approximately $9,410,563.80. This trade represents a 33.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 108,655 shares of company stock worth $9,356,203. Corporate insiders own 5.10% of the company's stock.

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.