Service Co. International (NYSE:SCI) Stock Holdings Lessened by Jennison Associates LLC

Jennison Associates LLC cut its stake in Service Co. International (NYSE:SCI - Free Report) by 65.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,408 shares of the company's stock after selling 17,997 shares during the period. Jennison Associates LLC's holdings in Service Co. International were worth $751,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SCI. FMR LLC lifted 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 purchasing an additional 3,043,354 shares during the last quarter. Geode Capital Management LLC raised its stake in Service Co. International by 5.1% during the third quarter. Geode Capital Management LLC now owns 3,211,902 shares of the company's stock valued at $253,567,000 after buying an additional 156,086 shares in the last quarter. Swedbank AB lifted its holdings in Service Co. International by 1.7% during the 4th quarter. Swedbank AB now owns 2,950,020 shares of the company's stock worth $235,471,000 after buying an additional 50,000 shares during the last quarter. Premier Fund Managers Ltd grew its position 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 worth $85,721,000 after acquiring an additional 210,802 shares in the last quarter. Finally, Empower Advisory Group LLC increased its holdings in shares of Service Co. International by 2.8% in the 3rd quarter. Empower Advisory Group LLC now owns 946,059 shares of the company's stock valued at $74,672,000 after acquiring an additional 25,713 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Service Co. International

In other news, VP Elisabeth G. Nash sold 56,100 shares of the firm's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $86.13, for a total transaction of $4,831,893.00. Following the transaction, the vice president now directly owns 109,260 shares of the company's stock, valued at approximately $9,410,563.80. This trade represents a 33.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tony Coelho sold 2,555 shares of the business's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $85.64, for a total transaction of $218,810.20. Following the sale, the director now owns 53,324 shares in the company, valued at $4,566,667.36. This trade represents a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 108,655 shares of company stock worth $9,356,203. 5.10% of the stock is owned by company insiders.

Service Co. International Stock Performance

Shares of SCI stock traded down $0.19 during trading hours on Monday, reaching $76.15. The stock had a trading volume of 1,638,882 shares, compared to its average volume of 1,069,938. The firm has a market capitalization of $11.01 billion, a PE ratio of 22.14, a price-to-earnings-growth ratio of 2.01 and a beta of 0.87. The firm has a 50-day simple moving average of $80.56 and a 200-day simple moving average of $79.57. Service Co. International has a twelve month low of $66.05 and a twelve month high of $89.37. The company has a debt-to-equity ratio of 2.91, a current ratio of 0.52 and a quick ratio of 0.48.

Analyst Ratings Changes

SCI has been the topic of several research analyst reports. Raymond James raised their price objective on Service Co. International from $80.00 to $85.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Truist Financial lifted their price target on shares of Service Co. International from $84.00 to $92.00 and gave the company a "buy" rating in a report on Friday, November 1st. Oppenheimer increased their price objective on shares of 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, StockNews.com downgraded Service Co. International from a "hold" rating to a "sell" rating in a research note on Monday. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $88.50.

About Service Co. International

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.