CX Institutional Sells 2,377 Shares of Service Co. International (NYSE:SCI)

CX Institutional decreased its position in shares of Service Co. International (NYSE:SCI) by 17.7% during the 4th quarter, Holdings Channel reports. The fund owned 11,028 shares of the company’s stock after selling 2,377 shares during the quarter. CX Institutional’s holdings in Service Co. International were worth $880,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. American Century Companies Inc. lifted its stake in Service Co. International by 4.3% in the second quarter. American Century Companies Inc. now owns 33,181 shares of the company’s stock valued at $2,360,000 after buying an additional 1,368 shares in the last quarter. Sei Investments Co. lifted its stake in Service Co. International by 14.1% in the second quarter. Sei Investments Co. now owns 118,087 shares of the company’s stock valued at $8,400,000 after buying an additional 14,610 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in Service Co. International by 37.3% in the second quarter. Thrivent Financial for Lutherans now owns 55,155 shares of the company’s stock valued at $3,924,000 after buying an additional 14,982 shares in the last quarter. Evergreen Capital Management LLC bought a new position in Service Co. International in the second quarter valued at approximately $265,000. Finally, Bank of Montreal Can lifted its position in shares of Service Co. International by 6.3% in the second quarter. Bank of Montreal Can now owns 24,800 shares of the company’s stock worth $1,810,000 after purchasing an additional 1,469 shares in the last quarter. Institutional investors own 85.53% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on SCI shares. StockNews.com raised shares of Service Co. International from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th. Raymond James upped 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. Oppenheimer upped their price target on shares of Service Co. International from $86.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Finally, Truist Financial upped their price target 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 research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $88.50.

Insider Buying and Selling at Service Co. International

In other news, CEO Thomas L. Ryan sold 50,000 shares of the firm’s stock in a transaction that occurred 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 owns 982,333 shares of the company’s stock, valued at $84,588,694.63. This trade represents a 4.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Elisabeth G. Nash sold 56,100 shares of the firm’s 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 sale, the vice president now directly owns 109,260 shares of the company’s stock, valued at approximately $9,410,563.80. This trade represents a 33.93 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 108,655 shares of company stock valued at $9,356,203. 5.10% of the stock is currently owned by company insiders.

Service Co. International Stock Up 0.4 %

SCI stock opened at $77.77 on Friday. The stock has a market capitalization of $11.25 billion, a P/E ratio of 22.61, a price-to-earnings-growth ratio of 2.02 and a beta of 0.87. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.91. Service Co. International has a 12 month low of $64.10 and a 12 month high of $89.37. The firm has a 50-day moving average price of $82.33 and a 200-day moving average price of $79.18.

Service Co. International (NYSE:SCI) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.79. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business earned $0.78 EPS. As a group, equities research analysts anticipate that Service Co. International will post 3.51 EPS for the current fiscal year.

Service Co. International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Friday, December 13th. This is an increase from Service Co. International’s previous quarterly dividend of $0.30. Service Co. International’s dividend payout ratio is currently 34.88%.

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.