Allspring Global Investments Holdings LLC Acquires 3,375 Shares of Service Co. International (NYSE:SCI)

Allspring Global Investments Holdings LLC increased its position in shares of Service Co. International (NYSE:SCI - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 185,277 shares of the company's stock after buying an additional 3,375 shares during the period. Allspring Global Investments Holdings LLC owned 0.13% of Service Co. International worth $14,348,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. nVerses Capital LLC increased its stake in shares of Service Co. International by 75.0% during the 3rd quarter. nVerses Capital LLC now owns 700 shares of the company's stock worth $55,000 after purchasing an additional 300 shares during the last quarter. Waldron Private Wealth LLC acquired a new position in Service Co. International during the third quarter worth approximately $57,000. Farther Finance Advisors LLC raised its stake in Service Co. International by 36.8% in the third quarter. Farther Finance Advisors LLC now owns 926 shares of the company's stock valued at $73,000 after buying an additional 249 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Service Co. International in the third quarter valued at approximately $80,000. Finally, Quest Partners LLC boosted its stake in shares of Service Co. International by 110,300.0% during the 3rd quarter. Quest Partners LLC now owns 1,104 shares of the company's stock worth $87,000 after acquiring an additional 1,103 shares during the period. 85.53% of the stock is owned by institutional investors.

Service Co. International Stock Performance

NYSE:SCI traded up $0.32 during mid-day trading on Friday, reaching $78.97. 1,274,148 shares of the company's stock were exchanged, compared to its average volume of 1,233,284. Service Co. International has a one year low of $67.19 and a one year high of $89.37. 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 business's fifty day simple moving average is $78.80 and its two-hundred day simple moving average is $79.64. The firm has a market capitalization of $11.39 billion, a PE 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 (EPS) for the quarter, hitting the consensus estimate of $1.06. Service Co. International had a return on equity of 32.18% and a net margin of 12.39%. Analysts anticipate that Service Co. International will post 3.84 earnings per share for the current fiscal year.

Service Co. International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.28 annualized dividend and a dividend yield of 1.62%. This is an increase from Service Co. International's previous quarterly dividend of $0.31. Service Co. International's dividend payout ratio is currently 33.80%.

Analysts Set New Price Targets

A number of research firms recently weighed in on SCI. Truist Financial increased their price target on Service Co. International from $84.00 to $92.00 and gave the company a "buy" rating in a research note on Friday, November 1st. StockNews.com raised shares of Service Co. International from a "sell" rating to a "hold" rating in a research report on Tuesday. Raymond James lifted 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. Finally, Oppenheimer boosted their price objective on Service Co. International from $86.00 to $92.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus 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.