1858 Wealth Management LLC Makes New $200,000 Investment in Service Co. International (NYSE:SCI)

1858 Wealth Management LLC purchased a new position in shares of Service Co. International (NYSE:SCI) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,539 shares of the company’s stock, valued at approximately $200,000.

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

Insider Buying and Selling

In other Service Co. International news, Director Ellen Ochoa sold 2,642 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total value of $201,875.22. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Service Co. International news, Director Ellen Ochoa sold 2,642 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total value of $201,875.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction, the chief executive officer now directly owns 988,365 shares in the company, valued at $73,109,359.05. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by corporate insiders.

Service Co. International Stock Up 0.5 %

Shares of NYSE:SCI traded up $0.39 during trading on Monday, hitting $76.17. 210,023 shares of the company were exchanged, compared to its average volume of 896,968. The stock has a market cap of $11.00 billion, a price-to-earnings ratio of 22.09, a P/E/G ratio of 2.18 and a beta of 0.84. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 3.05. Service Co. International has a fifty-two week low of $52.89 and a fifty-two week high of $81.32. The firm has a fifty day moving average price of $77.34 and a two-hundred day moving average price of $73.73.

Service Co. International (NYSE:SCI) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.07). The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. Service Co. International had a return on equity of 32.07% and a net margin of 12.32%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company posted $0.83 earnings per share. As a group, research analysts anticipate that Service Co. International will post 3.52 earnings per share for the current fiscal year.

Service Co. International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $0.30 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.20 annualized dividend and a yield of 1.58%. Service Co. International’s dividend payout ratio (DPR) is currently 34.99%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Service Co. International from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st.

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.