Service Co. International (NYSE:SCI) Shares Acquired by Larson Financial Group LLC

Larson Financial Group LLC increased its position in Service Co. International (NYSE:SCI) by 28.3% in the 3rd quarter, Holdings Channel reports. The firm owned 3,876 shares of the company’s stock after buying an additional 856 shares during the period. Larson Financial Group LLC’s holdings in Service Co. International were worth $306,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in SCI. Tidal Investments LLC acquired a new stake in shares of Service Co. International in the first quarter valued at approximately $917,000. Coppell Advisory Solutions Corp. purchased a new stake in Service Co. International in the 1st quarter valued at $360,000. Comerica Bank boosted its stake in Service Co. International by 8.9% during the 1st quarter. Comerica Bank now owns 80,918 shares of the company’s stock worth $6,005,000 after purchasing an additional 6,594 shares during the period. Swedbank AB purchased a new position in Service Co. International during the 1st quarter worth $224,137,000. Finally, GAMMA Investing LLC increased its stake in Service Co. International by 25.4% in the second quarter. GAMMA Investing LLC now owns 1,572 shares of the company’s stock valued at $112,000 after purchasing an additional 318 shares during the period. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Insider Buying and Selling

In other news, CEO Thomas L. Ryan sold 50,000 shares of the business’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 directly owns 982,333 shares of the company’s stock, valued at $84,588,694.63. The trade was a 4.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Elisabeth G. Nash sold 56,100 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $86.13, for a total value of $4,831,893.00. Following the completion of the transaction, the vice president now directly owns 109,260 shares in the company, valued at $9,410,563.80. This trade represents a 33.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 108,655 shares of company stock valued at $9,356,203. Insiders own 5.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SCI shares. Truist Financial increased their target price on shares of Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. StockNews.com cut Service Co. International from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. Finally, Raymond James boosted 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 investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $85.25.

Service Co. International Price Performance

Shares of SCI opened at $88.31 on Wednesday. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.91. The stock’s 50 day moving average is $79.90 and its two-hundred day moving average is $75.94. Service Co. International has a twelve month low of $60.60 and a twelve month high of $89.31. The firm has a market capitalization of $12.77 billion, a PE ratio of 25.67, a P/E/G ratio of 2.55 and a beta of 0.83.

Service Co. International (NYSE:SCI) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, hitting analysts’ consensus estimates of $0.79. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.02 billion. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.78 earnings per share. Research analysts anticipate that Service Co. International will post 3.51 earnings per share for the current year.

Service Co. International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.31 per share. The ex-dividend date is Friday, December 13th. This is an increase from Service Co. International’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a yield of 1.40%. Service Co. International’s dividend payout ratio is 34.88%.

Service Co. International Company 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.