Baillie Gifford & Co. lowered its stake in Service Co. International (NYSE:SCI - Free Report) by 12.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 11,021,241 shares of the company's stock after selling 1,508,089 shares during the quarter. Baillie Gifford & Co. owned 7.62% of Service Co. International worth $879,715,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP raised its holdings in shares of Service Co. International by 187.3% during the fourth quarter. Allworth Financial LP now owns 3,812 shares of the company's stock valued at $294,000 after acquiring an additional 2,485 shares in the last quarter. Principal Securities Inc. raised its holdings in shares of Service Co. International by 13.9% during the fourth quarter. Principal Securities Inc. now owns 1,936 shares of the company's stock valued at $155,000 after acquiring an additional 236 shares in the last quarter. Stanley Laman Group Ltd. raised its holdings in shares of Service Co. International by 0.5% during the fourth quarter. Stanley Laman Group Ltd. now owns 40,098 shares of the company's stock valued at $3,201,000 after acquiring an additional 214 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Service Co. International by 1.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 185,277 shares of the company's stock valued at $14,348,000 after acquiring an additional 3,375 shares in the last quarter. Finally, Savant Capital LLC bought a new position in shares of Service Co. International during the fourth quarter valued at approximately $216,000. Institutional investors own 85.53% of the company's stock.
Service Co. International Stock Down 0.3 %
Shares of NYSE SCI traded down $0.21 during trading on Thursday, reaching $78.69. The company had a trading volume of 1,125,624 shares, compared to its average volume of 1,232,045. Service Co. International has a 12-month low of $67.19 and a 12-month high of $89.37. The stock has a market cap of $11.35 billion, a PE ratio of 22.16, a P/E/G ratio of 1.88 and a beta of 0.87. The business's 50-day moving average is $78.93 and its 200 day moving average is $79.59. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.83.
Service Co. International (NYSE:SCI - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $1.06 EPS for the quarter, hitting analysts' consensus estimates of $1.06. Service Co. International had a return on equity of 32.18% and a net margin of 12.39%. As a group, equities analysts forecast that Service Co. International will post 3.85 earnings per share for the current fiscal year.
Service Co. International Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.32 per share. This is a boost from Service Co. International's previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 1.63%. Service Co. International's dividend payout ratio (DPR) is 33.80%.
Analysts Set New Price Targets
A number of brokerages recently commented on SCI. Truist Financial upped their target price on Service Co. International from $84.00 to $92.00 and gave the company a "buy" rating in a report on Friday, November 1st. Oppenheimer upped their target price on Service Co. International from $86.00 to $92.00 and gave the company an "outperform" rating in a report on Friday, December 13th. StockNews.com upgraded Service Co. International from a "sell" rating to a "hold" rating in a report on Tuesday. Finally, Raymond James upped their target price on Service Co. International from $80.00 to $85.00 and gave the company an "outperform" rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $88.50.
View Our Latest Stock Report on SCI
About Service Co. International
(
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.
Featured Articles
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
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
