International Assets Investment Management LLC Has $599,000 Position in Service Co. International (NYSE:SCI)

International Assets Investment Management LLC grew its stake in Service Co. International (NYSE:SCI - Free Report) by 7,802.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,586 shares of the company's stock after purchasing an additional 7,490 shares during the quarter. International Assets Investment Management LLC's holdings in Service Co. International were worth $599,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. nVerses Capital LLC grew its holdings in Service Co. International by 100.0% during the second quarter. nVerses Capital LLC now owns 400 shares of the company's stock valued at $28,000 after purchasing an additional 200 shares during the period. Whittier Trust Co. increased its position in shares of Service Co. International by 406.5% in the 1st quarter. Whittier Trust Co. now owns 542 shares of the company's stock valued at $40,000 after buying an additional 435 shares in the last quarter. Blue Trust Inc. raised its stake in Service Co. International by 121.9% during the 2nd quarter. Blue Trust Inc. now owns 708 shares of the company's stock worth $53,000 after buying an additional 389 shares during the period. Quarry LP lifted its holdings in Service Co. International by 258.6% during the second quarter. Quarry LP now owns 789 shares of the company's stock worth $56,000 after acquiring an additional 569 shares in the last quarter. Finally, Waldron Private Wealth LLC acquired a new position in Service Co. International in the third quarter valued at about $57,000. Institutional investors and hedge funds own 85.53% of the company's stock.

Insider Activity at Service Co. International

In other news, Director Ellen Ochoa sold 2,642 shares of Service Co. International stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total transaction of $201,875.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SCI. Truist Financial increased their target price 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. Raymond James increased their price objective 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. Finally, StockNews.com raised shares of Service Co. International from a "sell" rating to a "hold" rating in a research report on Thursday, October 31st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.25.

Service Co. International Stock Up 3.9 %

Shares of Service Co. International stock traded up $3.28 during trading hours on Wednesday, reaching $87.00. 1,288,021 shares of the company's stock were exchanged, compared to its average volume of 908,486. The stock has a market cap of $12.58 billion, a P/E ratio of 25.29, a P/E/G ratio of 2.40 and a beta of 0.83. The company has a 50 day moving average of $78.03 and a two-hundred day moving average of $74.47. 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 has a fifty-two week low of $57.03 and a fifty-two week high of $87.03.

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

Service Co. International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.43%. This is a boost from Service Co. International's previous quarterly dividend of $0.30. Service Co. International's dividend payout ratio is presently 34.88%.

Service Co. International 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.