Perpetual Ltd Increases Position in Service Co. International (NYSE:SCI)

Perpetual Ltd boosted its holdings in Service Co. International (NYSE:SCI) by 9.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 132,376 shares of the company’s stock after purchasing an additional 11,761 shares during the period. Perpetual Ltd owned about 0.09% of Service Co. International worth $10,566,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. nVerses Capital LLC grew its position in shares of Service Co. International by 75.0% during the third quarter. nVerses Capital LLC now owns 700 shares of the company’s stock worth $55,000 after buying an additional 300 shares in the last quarter. Quarry LP boosted its holdings in Service Co. International by 258.6% in the second quarter. Quarry LP now owns 789 shares of the company’s stock worth $56,000 after purchasing an additional 569 shares during the period. Waldron Private Wealth LLC bought a new stake in Service Co. International during the third quarter valued at $57,000. Farther Finance Advisors LLC raised its holdings in shares of Service Co. International by 36.8% during the third quarter. Farther Finance Advisors LLC now owns 926 shares of the company’s stock worth $73,000 after purchasing an additional 249 shares during the period. Finally, Capital Performance Advisors LLP bought a new position in shares of Service Co. International in the 3rd quarter worth about $80,000. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on SCI shares. Raymond James upped their price objective on Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. StockNews.com upgraded Service Co. International from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th. Oppenheimer boosted their price target on Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, 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. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Service Co. International has an average rating of “Moderate Buy” and an average price target of $88.50.

Service Co. International Trading Up 1.0 %

Shares of Service Co. International stock opened at $77.73 on Wednesday. The business has a fifty day simple moving average of $82.93 and a 200-day simple moving average of $79.03. Service Co. International has a fifty-two week low of $64.10 and a fifty-two week high of $89.37. The firm has a market cap of $11.24 billion, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 2.01 and a beta of 0.87. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.91.

Service Co. International (NYSE:SCI) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 earnings per share for the quarter, meeting the consensus estimate 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 analyst estimates of $1.02 billion. During the same quarter last year, the firm posted $0.78 EPS. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, equities analysts forecast that Service Co. International will post 3.51 EPS for the current fiscal year.

Service Co. International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.24 annualized dividend and a dividend yield of 1.60%. This is a boost from Service Co. International’s previous quarterly dividend of $0.30. Service Co. International’s dividend payout ratio is currently 34.88%.

Insider Activity

In other Service Co. International news, Director Tony Coelho sold 2,555 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $85.64, for a total transaction of $218,810.20. Following the completion of the sale, the director now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas L. Ryan sold 50,000 shares of Service Co. International stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $86.11, for a total transaction of $4,305,500.00. Following the completion of the transaction, the chief executive officer now directly owns 982,333 shares in the company, valued at approximately $84,588,694.63. This trade represents a 4.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 108,655 shares of company stock worth $9,356,203. Insiders own 4.60% of the company’s stock.

Service Co. International Profile

Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery segments. The Funeral segment offers services related to cremations, including the use of home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, memorialization, and catering.