Service Co. International (NYSE:SCI) Position Increased by Iams Wealth Management LLC

Iams Wealth Management LLC increased its holdings in Service Co. International (NYSE:SCI) by 17.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 9,646 shares of the company’s stock after purchasing an additional 1,423 shares during the quarter. Iams Wealth Management LLC’s holdings in Service Co. International were worth $770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. nVerses Capital LLC boosted its stake in Service Co. International by 75.0% during the third quarter. nVerses Capital LLC now owns 700 shares of the company’s stock valued at $55,000 after buying an additional 300 shares in the last quarter. Quarry LP raised its holdings in shares of Service Co. International by 258.6% in the 2nd quarter. Quarry LP now owns 789 shares of the company’s stock worth $56,000 after purchasing an additional 569 shares in the last quarter. Waldron Private Wealth LLC acquired a new stake in Service Co. International during the third quarter valued at approximately $57,000. Farther Finance Advisors LLC boosted its holdings in Service Co. International by 36.8% during the third quarter. Farther Finance Advisors LLC now owns 926 shares of the company’s stock worth $73,000 after buying an additional 249 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in Service Co. International in the 3rd quarter worth about $80,000. 85.53% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Service Co. International news, VP Elisabeth G. Nash sold 56,100 shares of the company’s stock in a transaction that occurred 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. This represents a 33.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas L. Ryan sold 50,000 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were 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 owns 982,333 shares of the company’s stock, valued at approximately $84,588,694.63. This represents a 4.84 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 108,655 shares of company stock valued at $9,356,203. 5.10% of the stock is currently owned by corporate insiders.

Service Co. International Price Performance

Shares of SCI stock opened at $80.98 on Wednesday. Service Co. International has a 12 month low of $64.10 and a 12 month high of $89.37. The company has a market capitalization of $11.71 billion, a P/E ratio of 23.39, a P/E/G ratio of 2.02 and a beta of 0.87. The stock has a 50 day moving average of $82.12 and a two-hundred day moving average of $79.37. 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) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.79. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.02 billion. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.78 EPS. As a group, equities analysts expect that Service Co. International will post 3.51 EPS for the current year.

Service Co. International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.53%. This is a boost from Service Co. International’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, December 13th. Service Co. International’s dividend payout ratio (DPR) is currently 34.88%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SCI shares. Oppenheimer increased their target price on shares of Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Truist Financial raised their price target on Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Friday, November 1st. StockNews.com upgraded Service Co. International from a “sell” rating to a “hold” rating in a research note on Wednesday, December 4th. Finally, Raymond James raised their target price 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 equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Service Co. International has an average rating of “Moderate Buy” and an average price target of $88.50.

About Service Co. International

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.