Swedbank AB raised its holdings in shares of Service Co. International (NYSE:SCI - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,950,020 shares of the company's stock after purchasing an additional 50,000 shares during the quarter. Swedbank AB owned 2.04% of Service Co. International worth $235,471,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC grew its position in shares of Service Co. International by 300.6% during the third quarter. FMR LLC now owns 4,055,823 shares of the company's stock worth $320,126,000 after buying an additional 3,043,354 shares in the last quarter. Verition Fund Management LLC grew its holdings in Service Co. International by 2,527.9% during the 3rd quarter. Verition Fund Management LLC now owns 293,329 shares of the company's stock worth $23,152,000 after acquiring an additional 282,167 shares in the last quarter. Millennium Management LLC increased its position in shares of Service Co. International by 646.5% in the 2nd quarter. Millennium Management LLC now owns 267,860 shares of the company's stock worth $19,053,000 after purchasing an additional 231,980 shares during the last quarter. Premier Fund Managers Ltd raised 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 purchasing an additional 210,802 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Service Co. International by 5.1% in the 3rd quarter. Geode Capital Management LLC now owns 3,211,902 shares of the company's stock valued at $253,567,000 after purchasing an additional 156,086 shares in the last quarter. 85.53% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several analysts recently weighed in on the company. StockNews.com raised Service Co. International from a "sell" rating to a "hold" rating in a report on Wednesday, December 4th. Raymond James boosted their price target on Service Co. International from $80.00 to $85.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Oppenheimer raised their price objective 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. Finally, Truist Financial boosted their target price on shares of Service Co. International from $84.00 to $92.00 and gave the company a "buy" rating in a research note on Friday, November 1st. One equities research 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, Service Co. International has a consensus rating of "Moderate Buy" and an average price target of $88.50.
Check Out Our Latest Stock Report on SCI
Insider Activity at Service Co. International
In other Service Co. International news, Director Tony Coelho sold 2,555 shares of the business's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $85.64, for a total transaction of $218,810.20. Following the completion of the transaction, the director now owns 53,324 shares in the company, valued at approximately $4,566,667.36. The trade was a 4.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Thomas L. Ryan sold 50,000 shares of the firm's stock in a transaction 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 transaction, the chief executive officer now directly owns 982,333 shares in the company, valued at $84,588,694.63. This trade represents a 4.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 108,655 shares of company stock worth $9,356,203 in the last ninety days. 5.10% of the stock is owned by insiders.
Service Co. International Stock Performance
Shares of NYSE:SCI traded down $0.67 during trading on Friday, hitting $78.09. 1,263,523 shares of the company traded hands, compared to its average volume of 909,942. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.91. The business's fifty day moving average is $81.70 and its 200-day moving average is $79.45. The stock has a market capitalization of $11.29 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 2.12 and a beta of 0.87. Service Co. International has a one year low of $64.10 and a one year high of $89.37.
Service Co. International (NYSE:SCI - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share for the quarter, hitting the consensus estimate of $0.79. Service Co. International had a return on equity of 31.84% and a net margin of 12.19%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the company earned $0.78 earnings per share. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. As a group, equities analysts predict that Service Co. International will post 3.51 earnings per share for the current fiscal year.
Service Co. International Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.31 dividend. The ex-dividend date was Friday, December 13th. This is an increase from Service Co. International's previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a yield of 1.59%. Service Co. International's dividend payout ratio (DPR) is currently 34.88%.
Service Co. International Company Profile
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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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