Service Co. International (NYSE:SCI) Shares Purchased by Swedbank AB

Swedbank AB raised its position in shares of Service Co. International (NYSE:SCI) by 1.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,900,020 shares of the company’s stock after purchasing an additional 55,000 shares during the period. Swedbank AB owned 2.01% of Service Co. International worth $228,899,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Inspire Investing LLC raised its holdings in shares of Service Co. International by 3.1% in the 2nd quarter. Inspire Investing LLC now owns 4,969 shares of the company’s stock worth $353,000 after purchasing an additional 148 shares in the last quarter. Fifth Third Bancorp grew its position in Service Co. International by 14.0% in the second quarter. Fifth Third Bancorp now owns 1,226 shares of the company’s stock worth $87,000 after acquiring an additional 151 shares in the last quarter. UMB Bank n.a. grew its position in Service Co. International by 7.8% in the third quarter. UMB Bank n.a. now owns 2,167 shares of the company’s stock worth $171,000 after acquiring an additional 156 shares in the last quarter. Larson Financial Group LLC grew its position in Service Co. International by 5.6% in the second quarter. Larson Financial Group LLC now owns 3,020 shares of the company’s stock worth $215,000 after acquiring an additional 159 shares in the last quarter. Finally, HB Wealth Management LLC boosted its holdings in shares of Service Co. International by 3.5% during the 2nd quarter. HB Wealth Management LLC now owns 4,894 shares of the company’s stock worth $348,000 after buying an additional 165 shares during the period. 85.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Thomas L. Ryan sold 80,638 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $73.97, for a total transaction of $5,964,792.86. Following the completion of the sale, the chief executive officer now owns 988,365 shares in the company, valued at $73,109,359.05. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Ellen Ochoa sold 2,642 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total transaction of $201,875.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas L. Ryan sold 80,638 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $73.97, for a total transaction of $5,964,792.86. Following the sale, the chief executive officer now owns 988,365 shares of the company’s stock, valued at $73,109,359.05. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.10% of the company’s stock.

Service Co. International Stock Performance

Service Co. International stock traded up $0.16 during mid-day trading on Tuesday, reaching $75.95. The company had a trading volume of 485,356 shares, compared to its average volume of 901,105. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 3.05. Service Co. International has a 52 week low of $52.89 and a 52 week high of $81.32. The company has a 50 day moving average of $77.21 and a 200-day moving average of $73.65. The firm has a market cap of $10.97 billion, a price-to-earnings ratio of 22.38, a PEG ratio of 2.15 and a beta of 0.84.

Service Co. International (NYSE:SCI) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.07). Service Co. International had a net margin of 12.32% and a return on equity of 32.07%. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the company posted $0.83 EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, sell-side analysts expect that Service Co. International will post 3.52 EPS for the current fiscal year.

Service Co. International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date was Friday, September 13th. Service Co. International’s dividend payout ratio is 34.99%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. StockNews.com downgraded shares of Service Co. International from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Truist Financial increased their price target on shares of Service Co. International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Friday, June 21st.

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.