Empower Advisory Group LLC grew its holdings in Service Co. International (NYSE:SCI - Free Report) by 1.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 959,823 shares of the company's stock after purchasing an additional 13,764 shares during the period. Empower Advisory Group LLC owned about 0.66% of Service Co. International worth $76,613,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in SCI. FMR LLC boosted its position in Service Co. International by 300.6% during the third quarter. FMR LLC now owns 4,055,823 shares of the company's stock valued at $320,126,000 after purchasing an additional 3,043,354 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Service Co. International by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 3,211,902 shares of the company's stock worth $253,567,000 after purchasing an additional 156,086 shares in the last quarter. Swedbank AB lifted its holdings in shares of Service Co. International by 1.7% during the 4th quarter. Swedbank AB now owns 2,950,020 shares of the company's stock valued at $235,471,000 after buying an additional 50,000 shares during the last quarter. Premier Fund Managers Ltd grew its stake in shares of Service Co. International by 23.9% in the 3rd quarter. Premier Fund Managers Ltd now owns 1,093,723 shares of the company's stock valued at $85,721,000 after buying an additional 210,802 shares in the last quarter. Finally, Boston Trust Walden Corp increased its holdings in Service Co. International by 4.6% in the fourth quarter. Boston Trust Walden Corp now owns 612,944 shares of the company's stock worth $48,925,000 after buying an additional 27,180 shares during the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.
Service Co. International Stock Performance
Shares of Service Co. International stock traded up $0.32 on Friday, reaching $78.97. The stock had a trading volume of 1,274,148 shares, compared to its average volume of 1,233,284. Service Co. International has a fifty-two week low of $67.19 and a fifty-two week high of $89.37. The business's 50-day moving average price is $78.80 and its two-hundred day moving average price is $79.64. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.48 and a current ratio of 0.52. The stock has a market cap of $11.39 billion, a P/E ratio of 22.25, a price-to-earnings-growth ratio of 1.91 and a beta of 0.87.
Service Co. International (NYSE:SCI - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $1.06 earnings per share for the quarter, hitting 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, sell-side analysts forecast that Service Co. International will post 3.84 EPS for the current year.
Service Co. International Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.32 per share. This is an increase from Service Co. International's previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.28 annualized dividend and a yield of 1.62%. Service Co. International's dividend payout ratio is presently 33.80%.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on SCI shares. Raymond James lifted their target price on shares of Service Co. International from $80.00 to $85.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Oppenheimer raised their price target on shares of Service Co. International from $86.00 to $92.00 and gave the company an "outperform" rating in a report on Friday, December 13th. Truist Financial upped 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. Finally, StockNews.com upgraded Service Co. International from a "sell" rating to a "hold" rating in a report on Tuesday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Service Co. International currently has a consensus rating of "Moderate Buy" and an average price target of $88.50.
Read Our Latest Report on SCI
Service Co. International Company 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.
Further Reading
Before you consider Service Co. International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Service Co. International wasn't on the list.
While Service Co. International currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
