Service Co. International (NYSE:SCI) Shares Purchased by Tidal Investments LLC

Tidal Investments LLC lifted its stake in shares of Service Co. International (NYSE:SCI) by 4,977.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 155,567 shares of the company’s stock after buying an additional 152,503 shares during the quarter. Tidal Investments LLC’s holdings in Service Co. International were worth $12,279,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the company. Select Equity Group L.P. boosted its stake in Service Co. International by 53.5% during the 2nd quarter. Select Equity Group L.P. now owns 7,239,783 shares of the company’s stock valued at $514,966,000 after acquiring an additional 2,524,795 shares during the last quarter. FMR LLC boosted its position in shares of Service Co. International by 300.6% during the third quarter. FMR LLC now owns 4,055,823 shares of the company’s stock worth $320,126,000 after buying an additional 3,043,354 shares during the period. Geode Capital Management LLC grew its stake in shares of Service Co. International by 5.1% in the third quarter. Geode Capital Management LLC now owns 3,211,902 shares of the company’s stock worth $253,567,000 after purchasing an additional 156,086 shares in the last quarter. Swedbank AB grew its position in Service Co. International by 1.9% in the 3rd quarter. Swedbank AB now owns 2,900,020 shares of the company’s stock valued at $228,899,000 after buying an additional 55,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Service Co. International by 7.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,942,559 shares of the company’s stock valued at $138,183,000 after acquiring an additional 135,017 shares during the period. 85.53% of the stock is owned by institutional investors and hedge funds.

Service Co. International Stock Up 0.3 %

Shares of NYSE:SCI opened at $86.22 on Friday. The company has a debt-to-equity ratio of 2.91, a current ratio of 0.52 and a quick ratio of 0.48. Service Co. International has a one year low of $64.10 and a one year high of $89.37. The company has a 50 day moving average of $82.12 and a 200-day moving average of $77.40. The stock has a market cap of $12.47 billion, a price-to-earnings ratio of 25.06, a P/E/G ratio of 2.51 and a beta of 0.85.

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

Service Co. International Increases Dividend

The firm also recently declared 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. This represents a $1.24 dividend on an annualized basis and a yield of 1.44%. 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 dividend payout ratio (DPR) is currently 34.88%.

Analyst Ratings Changes

Several research firms have issued reports on SCI. StockNews.com raised Service Co. International from a “sell” rating to a “hold” rating in a report on Wednesday, December 4th. Raymond James increased their target price on shares of Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Truist Financial lifted their price target on Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Service Co. International currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.25.

Insider Activity

In other news, Director Tony Coelho sold 2,555 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $85.64, for a total value of $218,810.20. Following the completion of the sale, the director now owns 53,324 shares of the company’s stock, valued at approximately $4,566,667.36. This represents a 4.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Elisabeth G. Nash sold 56,100 shares of Service Co. International stock in a transaction on Monday, November 18th. The stock was sold at an average price of $86.13, for a total transaction of $4,831,893.00. Following the transaction, the vice president now directly owns 109,260 shares of the company’s stock, valued at $9,410,563.80. This represents a 33.93 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 108,655 shares of company stock worth $9,356,203. Corporate insiders own 5.10% of the company’s stock.

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.