Service Co. International (NYSE:SCI) Stock Position Decreased by Round Hill Asset Management

Round Hill Asset Management lowered its holdings in Service Co. International (NYSE:SCI) by 9.2% during the third quarter, HoldingsChannel.com reports. The fund owned 10,467 shares of the company’s stock after selling 1,058 shares during the period. Round Hill Asset Management’s holdings in Service Co. International were worth $826,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Select Equity Group L.P. grew its holdings in Service Co. International by 53.5% in the 2nd quarter. Select Equity Group L.P. now owns 7,239,783 shares of the company’s stock worth $514,966,000 after buying an additional 2,524,795 shares in the last quarter. Swedbank AB acquired a new position in Service Co. International during the 1st quarter valued at about $224,137,000. Dimensional Fund Advisors LP raised its position in shares of Service Co. International by 7.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,942,559 shares of the company’s stock worth $138,183,000 after buying an additional 135,017 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in shares of Service Co. International by 3.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 1,810,148 shares of the company’s stock worth $142,875,000 after acquiring an additional 61,838 shares during the period. Finally, Premier Fund Managers Ltd increased its position in shares of Service Co. International by 23.9% during the 3rd quarter. Premier Fund Managers Ltd now owns 1,093,723 shares of the company’s stock valued at $85,721,000 after purchasing an additional 210,802 shares during the period. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Service Co. International Stock Up 1.3 %

Service Co. International stock opened at $87.24 on Friday. The firm’s 50 day moving average price is $79.73 and its two-hundred day moving average price is $75.72. The firm has a market cap of $12.62 billion, a PE ratio of 25.36, a P/E/G ratio of 2.52 and a beta of 0.83. Service Co. International has a twelve month low of $60.60 and a twelve month high of $88.32. 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) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.79. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the business posted $0.78 earnings per share. Service Co. International’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, research analysts predict that Service Co. International will post 3.51 EPS for the current fiscal year.

Service Co. International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.42%. This is a positive change from Service Co. International’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, December 13th. Service Co. International’s payout ratio is currently 34.88%.

Insider Activity at Service Co. International

In related 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 value of $4,831,893.00. Following the completion of the sale, the vice president now owns 109,260 shares of the company’s stock, valued at approximately $9,410,563.80. The trade was a 33.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tony Coelho sold 2,555 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $85.64, for a total transaction of $218,810.20. Following the transaction, the director now directly owns 53,324 shares in the company, valued at $4,566,667.36. The trade was a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 108,655 shares of company stock valued at $9,356,203. 5.10% of the stock is owned by corporate insiders.

Service Co. International 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.