Geode Capital Management LLC Has $253.57 Million Holdings in Service Co. International (NYSE:SCI)

Geode Capital Management LLC lifted its holdings in shares of Service Co. International (NYSE:SCI - Free Report) by 5.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,211,902 shares of the company's stock after purchasing an additional 156,086 shares during the quarter. Geode Capital Management LLC owned approximately 2.22% of Service Co. International worth $253,567,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. M&T Bank Corp increased its position in Service Co. International by 1.1% during the third quarter. M&T Bank Corp now owns 11,248 shares of the company's stock worth $888,000 after buying an additional 123 shares during the last quarter. Inspire Investing LLC increased its holdings in shares of Service Co. International by 3.1% during the 2nd quarter. Inspire Investing LLC now owns 4,969 shares of the company's stock valued at $353,000 after acquiring an additional 148 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Service Co. International by 14.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,226 shares of the company's stock valued at $87,000 after acquiring an additional 151 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Service Co. International by 7.8% in the 3rd quarter. UMB Bank n.a. now owns 2,167 shares of the company's stock valued at $171,000 after acquiring an additional 156 shares in the last quarter. Finally, Larson Financial Group LLC lifted its holdings in Service Co. International by 5.6% in the 2nd quarter. Larson Financial Group LLC now owns 3,020 shares of the company's stock worth $215,000 after purchasing an additional 159 shares during the last quarter. Institutional investors own 85.53% of the company's stock.

Service Co. International Stock Performance

Service Co. International stock traded down $0.07 during mid-day trading on Friday, reaching $85.86. The company had a trading volume of 702,132 shares, compared to its average volume of 808,580. 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 firm has a market cap of $12.42 billion, a price-to-earnings ratio of 24.96, a PEG ratio of 2.51 and a beta of 0.85. The company has a 50 day moving average of $82.31 and a 200-day moving average of $77.61. Service Co. International has a 52 week low of $64.10 and a 52 week high of $89.37.

Service Co. International (NYSE:SCI - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share 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 business had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter last year, the company earned $0.78 earnings per share. The firm's revenue was up 1.2% on a year-over-year basis. On average, sell-side analysts expect that Service Co. International will post 3.51 EPS for the current fiscal year.

Service Co. International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, December 13th. This is a boost from Service Co. International's previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.44%. Service Co. International's payout ratio is currently 34.88%.

Insider Activity at Service Co. International

In other news, CEO Thomas L. Ryan sold 50,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was 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 directly owns 982,333 shares of the company's stock, valued at approximately $84,588,694.63. This represents a 4.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Tony Coelho sold 2,555 shares of the firm's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $85.64, for a total value of $218,810.20. Following the transaction, the director now owns 53,324 shares of the company's stock, valued at $4,566,667.36. This trade represents a 4.57 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 108,655 shares of company stock worth $9,356,203. 5.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

SCI has been the subject of a number of analyst reports. StockNews.com upgraded shares of Service Co. International from a "sell" rating to a "hold" rating in a research note on Wednesday, December 4th. Oppenheimer boosted their target price on shares of Service Co. International from $86.00 to $92.00 and gave the stock an "outperform" rating in a research report on Friday. Raymond James raised their price target on Service Co. International from $80.00 to $85.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Finally, Truist Financial lifted 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $88.50.

Service Co. International Company Profile

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.