Service Co. International (NYSE:SCI) Shares Sold by Ascent Wealth Partners LLC

Ascent Wealth Partners LLC decreased its position in shares of Service Co. International (NYSE:SCI) by 3.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,948 shares of the company’s stock after selling 300 shares during the quarter. Ascent Wealth Partners LLC’s holdings in Service Co. International were worth $706,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. nVerses Capital LLC boosted its holdings in Service Co. International by 100.0% during the second quarter. nVerses Capital LLC now owns 400 shares of the company’s stock worth $28,000 after buying an additional 200 shares in the last quarter. Whittier Trust Co. raised its position in shares of Service Co. International by 406.5% in the first quarter. Whittier Trust Co. now owns 542 shares of the company’s stock worth $40,000 after acquiring an additional 435 shares during the period. Blue Trust Inc. boosted its stake in shares of Service Co. International by 121.9% during the 2nd quarter. Blue Trust Inc. now owns 708 shares of the company’s stock worth $53,000 after acquiring an additional 389 shares in the last quarter. Quarry LP grew its position in shares of 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 during the period. Finally, Waldron Private Wealth LLC purchased a new position in shares of Service Co. International in the 3rd quarter valued at about $57,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SCI. Truist Financial boosted 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 raised Service Co. International from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, Raymond James increased their price target on shares of Service Co. International from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Service Co. International presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.25.

Service Co. International Stock Down 1.0 %

NYSE:SCI traded down $0.91 during trading hours on Thursday, hitting $86.09. The company’s stock had a trading volume of 14,911 shares, compared to its average volume of 904,349. The stock has a market capitalization of $12.45 billion, a P/E ratio of 25.29, a price-to-earnings-growth ratio of 2.40 and a beta of 0.83. 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 has a fifty day moving average of $78.03 and a 200-day moving average of $74.47. Service Co. International has a 52-week low of $57.03 and a 52-week high of $87.03.

Service Co. International (NYSE:SCI) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.79. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. Service Co. International’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.78 earnings per share. On average, equities 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 announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.44%. This is a boost from Service Co. International’s previous quarterly dividend of $0.30. Service Co. International’s dividend payout ratio is presently 34.88%.

Insider Buying and Selling

In other Service Co. International news, Director Ellen Ochoa sold 2,642 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total transaction of $201,875.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.60% of the company’s stock.

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.