UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Holdings in Service Co. International (NYSE:SCI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in shares of Service Co. International (NYSE:SCI - Free Report) by 6.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 612,066 shares of the company's stock after selling 41,152 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.42% of Service Co. International worth $48,310,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SCI. 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 valued at $28,000 after purchasing an additional 200 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Service Co. International by 121.9% during the 2nd quarter. Blue Trust Inc. now owns 708 shares of the company's stock valued at $53,000 after buying an additional 389 shares in the last quarter. Waldron Private Wealth LLC bought a new position in shares of Service Co. International during the 3rd quarter valued at approximately $57,000. Quarry LP grew its stake in shares of Service Co. International by 258.6% during the 2nd quarter. Quarry LP now owns 789 shares of the company's stock valued at $56,000 after acquiring an additional 569 shares during the period. Finally, Farther Finance Advisors LLC increased 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 worth $73,000 after acquiring an additional 249 shares in the last quarter. Hedge funds and other institutional investors own 85.53% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SCI shares. Raymond James lifted their price target on shares of Service Co. International from $80.00 to $85.00 and gave the company an "outperform" rating in a report on Friday, November 1st. StockNews.com cut shares of Service Co. International from a "hold" rating to a "sell" rating in a research note on Friday, November 8th. Finally, Truist Financial increased their price target on Service Co. International from $84.00 to $92.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Service Co. International presently has an average rating of "Moderate Buy" and an average price target of $85.25.

Service Co. International Price Performance

SCI traded down $0.49 during trading on Wednesday, reaching $87.46. 286,000 shares of the company traded hands, compared to its average volume of 905,273. Service Co. International has a 12-month low of $63.88 and a 12-month high of $89.37. The firm has a fifty day simple moving average of $80.94 and a 200 day simple moving average of $76.71. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.48 and a current ratio of 0.52. The company has a market cap of $12.65 billion, a P/E ratio of 25.40, a PEG ratio of 2.57 and a beta of 0.85.

Service Co. International (NYSE:SCI - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share for the quarter, meeting the consensus estimate of $0.79. The company had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $1.02 billion. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. Service Co. International's quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the company posted $0.78 earnings per share. On average, equities analysts forecast that Service Co. International will post 3.51 EPS for the current year.

Service Co. International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given 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 1.42%. The ex-dividend date is Friday, December 13th. Service Co. International's payout ratio is currently 34.88%.

Insider Activity at Service Co. International

In other Service Co. International news, CEO Thomas L. Ryan sold 50,000 shares of Service Co. International stock in a transaction on 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 directly owns 982,333 shares of the company's stock, valued at $84,588,694.63. This trade represents a 4.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Elisabeth G. Nash sold 56,100 shares of the company's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $86.13, for a total transaction of $4,831,893.00. Following the sale, the vice president now owns 109,260 shares in the company, valued at $9,410,563.80. This represents a 33.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 108,655 shares of company stock valued at $9,356,203. Insiders own 5.10% of the company's stock.

Service Co. International Company Profile

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.