Sargent Investment Group LLC Purchases New Stake in Service Co. International (NYSE:SCI)

Sargent Investment Group LLC acquired a new position in shares of Service Co. International (NYSE:SCI) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 5,863 shares of the company’s stock, valued at approximately $417,000.

Several other hedge funds also recently added to or reduced their stakes in SCI. TFO Wealth Partners LLC lifted its position in shares of Service Co. International by 12,200.0% during the fourth quarter. TFO Wealth Partners LLC now owns 369 shares of the company’s stock worth $25,000 after purchasing an additional 366 shares during the last quarter. nVerses Capital LLC lifted its holdings in Service Co. International by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 400 shares of the company’s stock worth $28,000 after buying an additional 200 shares during the last quarter. Rise Advisors LLC acquired a new position in shares of Service Co. International in the 1st quarter worth approximately $31,000. Whittier Trust Co. increased its holdings in shares of Service Co. International by 406.5% in the 1st quarter. Whittier Trust Co. now owns 542 shares of the company’s stock valued at $40,000 after acquiring an additional 435 shares during the last quarter. Finally, ICA Group Wealth Management LLC bought a new position in Service Co. International during the fourth quarter worth $42,000. 85.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on SCI. Truist Financial boosted their target price on shares of Service Co. International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, June 21st. StockNews.com lowered shares of Service Co. International from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, Oppenheimer raised their target price on shares of Service Co. International from $76.00 to $79.00 and gave the stock an “outperform” rating in a report on Wednesday, May 22nd. One 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.com, Service Co. International has a consensus rating of “Moderate Buy” and an average target price of $77.60.

Insider Transactions at Service Co. International

In related news, Director Ellen Ochoa sold 2,642 shares of the company’s stock in a transaction dated 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 Securities & Exchange Commission, which is accessible through this hyperlink. In other Service Co. International news, Director Ellen Ochoa sold 2,642 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total transaction of $201,875.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas L. Ryan sold 80,638 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $73.97, for a total value of $5,964,792.86. Following the transaction, the chief executive officer now directly owns 988,365 shares of the company’s stock, valued at approximately $73,109,359.05. The disclosure for this sale can be found here. Company insiders own 5.10% of the company’s stock.

Service Co. International Trading Up 0.5 %

Shares of NYSE:SCI opened at $80.30 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 3.05. The company’s 50-day moving average price is $76.00 and its 200 day moving average price is $73.14. The company has a market cap of $11.60 billion, a PE ratio of 23.07, a P/E/G ratio of 2.30 and a beta of 0.84. Service Co. International has a fifty-two week low of $52.89 and a fifty-two week high of $80.51.

Service Co. International (NYSE:SCI) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.79 earnings per share 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 for the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the firm posted $0.83 EPS. The business’s quarterly revenue was up 2.0% on a year-over-year basis. Sell-side analysts anticipate that Service Co. International will post 3.52 earnings per share for the current year.

Service Co. International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.20 annualized dividend and a dividend yield of 1.49%. Service Co. International’s payout ratio is 34.48%.

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.