Service Co. International (NYSE:SCI) Stake Reduced by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC trimmed its stake in Service Co. International (NYSE:SCI) by 1.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 106,958 shares of the company’s stock after selling 1,386 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Service Co. International were worth $8,442,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of SCI. nVerses Capital LLC increased its stake in shares of Service Co. International by 100.0% in the second quarter. nVerses Capital LLC now owns 400 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares during the period. Blue Trust Inc. grew its holdings in Service Co. International by 121.9% in the 2nd quarter. Blue Trust Inc. now owns 708 shares of the company’s stock worth $53,000 after buying an additional 389 shares in the last quarter. Waldron Private Wealth LLC acquired a new stake in Service Co. International in the 3rd quarter valued at approximately $57,000. Quarry LP raised its stake in Service Co. International by 258.6% during the 2nd quarter. Quarry LP now owns 789 shares of the company’s stock valued at $56,000 after acquiring an additional 569 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new position in Service Co. International during the 1st quarter worth $65,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Wall Street Analyst Weigh In

SCI has been the topic of a number of recent analyst reports. Truist Financial lifted their price objective on shares of Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, November 1st. StockNews.com downgraded shares of Service Co. International from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. Finally, Raymond James increased their price objective on shares of 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 sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $85.25.

Service Co. International Price Performance

NYSE SCI opened at $86.11 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. The firm has a market capitalization of $12.45 billion, a price-to-earnings ratio of 25.03, a price-to-earnings-growth ratio of 2.51 and a beta of 0.83. The company has a 50 day simple moving average of $79.46 and a 200-day simple moving average of $75.51. Service Co. International has a 52-week low of $60.23 and a 52-week high of $88.32.

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

Service Co. International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.31 dividend. The ex-dividend date is Friday, December 13th. This is a boost from Service Co. International’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a yield of 1.44%. Service Co. International’s payout ratio is 34.88%.

Insider Activity at Service Co. International

In other Service Co. International news, VP Elisabeth G. Nash sold 56,100 shares of the stock in a transaction that occurred 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 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. 5.10% of the stock is owned by company insiders.

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.