28,239 Shares in Service Co. International (NYSE:SCI) Acquired by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA bought a new position in shares of Service Co. International (NYSE:SCI - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 28,239 shares of the company's stock, valued at approximately $2,281,000.

Several other institutional investors have also added to or reduced their stakes in SCI. Sei Investments Co. boosted its holdings in Service Co. International by 14.1% in the second quarter. Sei Investments Co. now owns 118,087 shares of the company's stock worth $8,400,000 after acquiring an additional 14,610 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Service Co. International by 6.3% in the second quarter. Bank of Montreal Can now owns 24,800 shares of the company's stock valued at $1,810,000 after acquiring an additional 1,469 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Service Co. International during the 2nd quarter worth $897,000. Squarepoint Ops LLC purchased a new position in Service Co. International in the second quarter valued at about $2,171,000. Finally, Millennium Management LLC lifted its stake in Service Co. International by 646.5% in the second quarter. Millennium Management LLC now owns 267,860 shares of the company's stock valued at $19,053,000 after purchasing an additional 231,980 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors.

Service Co. International Stock Performance

NYSE SCI traded down $0.67 on Friday, hitting $78.09. 774,516 shares of the company traded hands, compared to its average volume of 1,006,982. The business's 50 day moving average price is $81.88 and its 200-day moving average price is $79.38. The company has a market capitalization of $11.29 billion, a price-to-earnings ratio of 22.70, a P/E/G ratio of 2.12 and a beta of 0.87. Service Co. International has a 52-week low of $64.10 and a 52-week high of $89.37. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.91.

Service Co. International (NYSE:SCI - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, meeting analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $1.02 billion. During the same period last year, the firm earned $0.78 earnings per share. The business's quarterly revenue was up 1.2% on a year-over-year basis. Equities analysts expect that Service Co. International will post 3.51 earnings per share for the current year.

Service Co. International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.31 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.24 annualized dividend and a yield of 1.59%. This is a boost from Service Co. International's previous quarterly dividend of $0.30. Service Co. International's payout ratio is presently 34.88%.

Analysts Set New Price Targets

A number of brokerages have weighed in on SCI. StockNews.com upgraded shares of Service Co. International from a "sell" rating to a "hold" rating in a research report on Wednesday, December 4th. Oppenheimer lifted their price target on Service Co. International from $86.00 to $92.00 and gave the company an "outperform" rating in a research report on Friday, December 13th. Raymond James increased their target price 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. Finally, Truist Financial boosted their price objective on shares of Service Co. International from $84.00 to $92.00 and gave the stock a "buy" rating in a report on Friday, November 1st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $88.50.

Insider Activity at Service Co. International

In other Service Co. International news, VP Elisabeth G. Nash sold 56,100 shares of Service Co. International stock in a transaction on 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 completion of the transaction, the vice president now directly owns 109,260 shares of the company's stock, valued at $9,410,563.80. The trade was a 33.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas L. Ryan sold 50,000 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $86.11, for a total transaction of $4,305,500.00. Following the completion of the sale, the chief executive officer now directly owns 982,333 shares in the company, valued at $84,588,694.63. This trade represents a 4.84 % 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 Profile

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.