Tidal Investments LLC Has $12.28 Million Stake in Service Co. International (NYSE:SCI)

Tidal Investments LLC increased its holdings in shares of Service Co. International (NYSE:SCI - Free Report) by 4,977.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 155,567 shares of the company's stock after acquiring an additional 152,503 shares during the quarter. Tidal Investments LLC owned about 0.11% of Service Co. International worth $12,279,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. nVerses Capital LLC lifted its position in Service Co. International by 100.0% during the second quarter. nVerses Capital LLC now owns 400 shares of the company's stock worth $28,000 after acquiring an additional 200 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Service Co. International by 121.9% during the second quarter. Blue Trust Inc. now owns 708 shares of the company's stock worth $53,000 after purchasing an additional 389 shares during the period. Waldron Private Wealth LLC acquired a new stake in Service Co. International during the 3rd quarter worth approximately $57,000. Quarry LP boosted its stake in Service Co. International by 258.6% in the 2nd quarter. Quarry LP now owns 789 shares of the company's stock valued at $56,000 after purchasing an additional 569 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in Service Co. International by 36.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 926 shares of the company's stock valued at $73,000 after buying an additional 249 shares in the last quarter. Institutional investors own 85.53% of the company's stock.

Insider Activity at Service Co. International

In other Service Co. International news, VP Elisabeth G. Nash sold 56,100 shares of the company's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $86.13, for a total value of $4,831,893.00. Following the completion of the transaction, the vice president now owns 109,260 shares of the company's stock, valued at $9,410,563.80. This represents a 33.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Thomas L. Ryan sold 50,000 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $86.11, for a total value of $4,305,500.00. Following the completion of the transaction, the chief executive officer now owns 982,333 shares of the company's stock, valued at $84,588,694.63. This represents a 4.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 108,655 shares of company stock valued at $9,356,203. 5.10% of the stock is owned by insiders.

Service Co. International Price Performance

Shares of NYSE SCI traded down $0.45 during trading hours on Friday, hitting $85.48. 408,317 shares of the stock were exchanged, compared to its average volume of 901,351. The company's fifty day simple moving average is $82.12 and its two-hundred day simple moving average is $77.40. The company has a market cap of $12.36 billion, a PE ratio of 25.06, a price-to-earnings-growth ratio of 2.51 and a beta of 0.85. Service Co. International has a 1-year low of $64.10 and a 1-year high of $89.37. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.48 and a current ratio of 0.52.

Service Co. International (NYSE:SCI - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 earnings per share for the quarter, hitting 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 business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the company earned $0.78 EPS. Service Co. International's revenue for the quarter was up 1.2% on a year-over-year basis. On average, sell-side analysts predict that Service Co. International will post 3.51 EPS for the current year.

Service Co. International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.31 dividend. This is an increase from Service Co. International's previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Friday, December 13th. Service Co. International's dividend payout ratio (DPR) is presently 34.88%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Truist Financial lifted their target price on Service Co. International from $84.00 to $92.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Raymond James lifted 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 note on Friday, November 1st. StockNews.com upgraded shares of Service Co. International from a "sell" rating to a "hold" rating in a research report on Wednesday, December 4th. Finally, Oppenheimer lifted their price target on shares of Service Co. International from $86.00 to $92.00 and gave the company an "outperform" rating in a research report on Friday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $88.50.

About Service Co. International

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.