Service Co. International (NYSE:SCI) Price Target Raised to $92.00 at Truist Financial

Service Co. International (NYSE:SCI) had its price target raised by Truist Financial from $84.00 to $92.00 in a research report report published on Friday, Benzinga reports. Truist Financial currently has a buy rating on the stock.

Separately, StockNews.com raised Service Co. International from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Service Co. International has an average rating of “Moderate Buy” and an average target price of $85.25.

Service Co. International Price Performance

Shares of Service Co. International stock opened at $82.17 on Friday. Service Co. International has a one year low of $57.03 and a one year high of $83.26. The stock’s fifty day moving average is $77.75 and its 200 day moving average is $74.28. The stock has a market cap of $11.87 billion, a P/E ratio of 23.89, a P/E/G ratio of 2.39 and a beta of 0.83. 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 announced its earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, hitting analysts’ consensus estimates of $0.79. Service Co. International had a return on equity of 31.84% and a net margin of 12.19%. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the firm earned $0.78 EPS. Service Co. International’s revenue for the quarter was up 1.2% compared to the same quarter last year. Sell-side analysts anticipate that Service Co. International will post 3.51 earnings per share for the current year.

Service Co. International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a yield of 1.46%. Service Co. International’s dividend payout ratio is presently 34.88%.

Insider Buying and Selling at Service Co. International

In other news, CEO Thomas L. Ryan sold 80,638 shares of the firm’s 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Thomas L. Ryan sold 80,638 shares of the firm’s 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ellen Ochoa sold 2,642 shares of the firm’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 disclosure for this sale can be found here. Insiders own 4.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Select Equity Group L.P. grew its position in shares of Service Co. International by 53.5% during the second quarter. Select Equity Group L.P. now owns 7,239,783 shares of the company’s stock valued at $514,966,000 after purchasing an additional 2,524,795 shares in the last quarter. Swedbank AB purchased a new position in Service Co. International in the first quarter worth about $224,137,000. Dimensional Fund Advisors LP grew its position in Service Co. International by 7.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,942,559 shares of the company’s stock worth $138,183,000 after acquiring an additional 135,017 shares in the last quarter. Handelsbanken Fonder AB grew its position in Service Co. International by 3.5% in the third 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 in the last quarter. Finally, Coho Partners Ltd. grew its position in Service Co. International by 10.6% in the first quarter. Coho Partners Ltd. now owns 1,685,111 shares of the company’s stock worth $125,052,000 after acquiring an additional 161,570 shares in the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

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.