StockNews.com cut shares of Service Co. International (NYSE:SCI - Free Report) from a hold rating to a sell rating in a report published on Friday.
SCI has been the subject of a number of other research reports. Truist Financial lifted their price objective on shares of Service Co. International from $84.00 to $92.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Raymond James raised their price target on shares of Service Co. International from $80.00 to $85.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $85.25.
Get Our Latest Research Report on Service Co. International
Service Co. International Stock Up 1.2 %
NYSE SCI traded up $1.01 during trading hours on Friday, reaching $86.97. 740,354 shares of the company traded hands, compared to its average volume of 907,466. The company has a 50 day moving average of $78.36 and a two-hundred day moving average of $74.67. The stock has a market capitalization of $12.58 billion, a PE ratio of 25.28, a PEG ratio of 2.54 and a beta of 0.83. Service Co. International has a 12 month low of $57.03 and a 12 month high of $87.11. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.91.
Service Co. International (NYSE:SCI - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, hitting 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 business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the firm earned $0.78 earnings per share. The company's revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, equities analysts expect that Service Co. International will post 3.51 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 Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.31 dividend. The ex-dividend date is Friday, December 13th. This is a positive change from Service Co. International's previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a yield of 1.43%. Service Co. International's dividend payout ratio (DPR) is currently 34.88%.
Insider Buying and Selling at Service Co. International
In other news, Director Ellen Ochoa sold 2,642 shares of the company's stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total transaction of $201,875.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.10% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Service Co. International
Several hedge funds and other institutional investors have recently made changes to their positions in the business. BDF Gestion acquired a new position in Service Co. International during the 2nd quarter worth $3,948,000. Boston Trust Walden Corp lifted its holdings in Service Co. International by 2.7% in the second quarter. Boston Trust Walden Corp now owns 684,846 shares of the company's stock worth $48,713,000 after purchasing an additional 17,874 shares during the period. Sei Investments Co. grew its position in Service Co. International by 12.8% in the 1st quarter. Sei Investments Co. now owns 103,477 shares of the company's stock valued at $7,680,000 after buying an additional 11,709 shares in the last quarter. Tidal Investments LLC acquired a new position in Service Co. International during the 1st quarter valued at about $917,000. Finally, State Board of Administration of Florida Retirement System raised its position in shares of Service Co. International by 5.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 171,697 shares of the company's stock worth $11,809,000 after buying an additional 8,656 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.
About Service Co. International
(
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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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