Rhumbline Advisers lessened its stake in Service Co. International (NYSE:SCI - Free Report) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 443,974 shares of the company's stock after selling 5,867 shares during the quarter. Rhumbline Advisers owned 0.31% of Service Co. International worth $35,438,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in SCI. Franklin Resources Inc. lifted its position in shares of Service Co. International by 263.1% in the third quarter. Franklin Resources Inc. now owns 15,912 shares of the company's stock worth $1,206,000 after purchasing an additional 11,530 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Service Co. International by 12.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 181,902 shares of the company's stock worth $14,358,000 after purchasing an additional 19,418 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Service Co. International by 7,802.1% in the 3rd quarter. International Assets Investment Management LLC now owns 7,586 shares of the company's stock valued at $599,000 after buying an additional 7,490 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Service Co. International by 5.1% in the 3rd 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 during the last quarter. Finally, Premier Fund Managers Ltd grew its stake in shares of Service Co. International by 23.9% in the third quarter. Premier Fund Managers Ltd now owns 1,093,723 shares of the company's stock valued at $85,721,000 after buying an additional 210,802 shares in the last quarter. Institutional investors own 85.53% of the company's stock.
Service Co. International Trading Up 0.4 %
NYSE SCI traded up $0.32 on Friday, hitting $78.97. The company's stock had a trading volume of 1,274,148 shares, compared to its average volume of 1,233,284. The company's 50-day moving average is $78.93 and its 200 day moving average is $79.59. The firm has a market cap of $11.39 billion, a PE ratio of 22.25, a PEG ratio of 1.91 and a beta of 0.87. Service Co. International has a 1-year low of $67.19 and a 1-year high of $89.37. 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 announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.06 earnings per share (EPS) for the quarter, meeting 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, analysts predict that Service Co. International will post 3.84 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. Shareholders of record on Friday, March 14th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.62%. This is a positive change from Service Co. International's previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Friday, March 14th. Service Co. International's dividend payout ratio (DPR) is 33.80%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on SCI shares. StockNews.com raised shares of Service Co. International from a "sell" rating to a "hold" rating in a report on Tuesday. Truist Financial upped their price objective on Service Co. International from $84.00 to $92.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Raymond James lifted their target price 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. Finally, Oppenheimer boosted their target price on Service Co. International from $86.00 to $92.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Service Co. International has a consensus rating of "Moderate Buy" and a consensus price target of $88.50.
Check Out Our Latest Report on Service Co. International
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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