New York State Teachers Retirement System reduced its holdings in Service Co. International (NYSE:SCI - Free Report) by 7.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 140,062 shares of the company's stock after selling 10,800 shares during the period. New York State Teachers Retirement System owned approximately 0.10% of Service Co. International worth $11,180,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of SCI. Creative Planning raised its stake in Service Co. International by 10.0% during the 3rd quarter. Creative Planning now owns 26,399 shares of the company's stock valued at $2,084,000 after purchasing an additional 2,394 shares during the last quarter. Swedbank AB increased its holdings in shares of Service Co. International by 1.9% during the 3rd quarter. Swedbank AB now owns 2,900,020 shares of the company's stock worth $228,899,000 after purchasing an additional 55,000 shares during the period. nVerses Capital LLC raised its position in shares of Service Co. International by 75.0% during the third quarter. nVerses Capital LLC now owns 700 shares of the company's stock valued at $55,000 after buying an additional 300 shares during the last quarter. Blue Trust Inc. raised its position in shares of Service Co. International by 64.3% during the third quarter. Blue Trust Inc. now owns 1,163 shares of the company's stock valued at $92,000 after buying an additional 455 shares during the last quarter. Finally, Raymond James & Associates lifted its stake in shares of Service Co. International by 102.8% in the third quarter. Raymond James & Associates now owns 122,131 shares of the company's stock valued at $9,640,000 after buying an additional 61,919 shares during the period. 85.53% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages recently issued reports on SCI. Raymond James boosted their price target on Service Co. International from $80.00 to $85.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Truist Financial raised their target price on Service Co. International from $84.00 to $92.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. StockNews.com upgraded shares of Service Co. International from a "sell" rating to a "hold" rating in a research note on Tuesday. Finally, Oppenheimer increased their price objective on shares of Service Co. International from $86.00 to $92.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $88.50.
Check Out Our Latest Stock Analysis on SCI
Service Co. International Price Performance
Shares of SCI traded up $0.32 during mid-day trading on Friday, reaching $78.97. The company had a trading volume of 1,274,148 shares, compared to its average volume of 1,233,284. The company has a debt-to-equity ratio of 2.83, a current ratio of 0.52 and a quick ratio of 0.48. The company has a market capitalization of $11.39 billion, a P/E ratio of 22.25, a P/E/G ratio of 1.91 and a beta of 0.87. Service Co. International has a twelve month low of $67.19 and a twelve month high of $89.37. The company's 50-day moving average is $78.80 and its 200-day moving average is $79.64.
Service Co. International (NYSE:SCI - Get Free Report) last released its quarterly earnings data 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%. On average, equities analysts anticipate that Service Co. International will post 3.84 EPS for the current year.
Service Co. International Increases Dividend
The company also recently announced 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. The ex-dividend date is Friday, March 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.62%. This is a boost from Service Co. International's previous quarterly dividend of $0.31. Service Co. International's dividend payout ratio (DPR) is 33.80%.
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.
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