Procyon Advisors LLC Sells 206 Shares of Service Co. International (NYSE:SCI)

Procyon Advisors LLC lessened its stake in Service Co. International (NYSE:SCI) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,416 shares of the company’s stock after selling 206 shares during the quarter. Procyon Advisors LLC’s holdings in Service Co. International were worth $592,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SCI. nVerses Capital LLC boosted its holdings in Service Co. International by 75.0% during the 3rd quarter. nVerses Capital LLC now owns 700 shares of the company’s stock worth $55,000 after acquiring an additional 300 shares during the last quarter. Waldron Private Wealth LLC purchased a new position in Service Co. International during the third quarter worth about $57,000. Quarry LP grew its position in Service Co. International by 258.6% in the 2nd quarter. Quarry LP now owns 789 shares of the company’s stock worth $56,000 after purchasing an additional 569 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Service Co. International by 36.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 926 shares of the company’s stock valued at $73,000 after buying an additional 249 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in shares of Service Co. International during the 3rd quarter worth approximately $80,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on SCI shares. Truist Financial increased their price target on Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Raymond James lifted their target price 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 shares of Service Co. International from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, Oppenheimer lifted their price objective on shares of Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.50.

Service Co. International Trading Up 0.3 %

Shares of SCI opened at $76.92 on Friday. Service Co. International has a fifty-two week low of $64.10 and a fifty-two week high of $89.37. The business has a 50-day moving average of $83.12 and a 200 day moving average of $78.92. The firm has a market cap of $11.13 billion, a P/E ratio of 22.36, a price-to-earnings-growth ratio of 2.00 and a beta of 0.87. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.48 and a current ratio of 0.52.

Service Co. International (NYSE:SCI) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the firm posted $0.78 earnings per share. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, research analysts forecast that Service Co. International will post 3.51 EPS for the current year.

Service Co. International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.61%. This is a positive change from Service Co. International’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, December 13th. Service Co. International’s payout ratio is presently 34.88%.

Insider Buying and Selling

In other news, CEO Thomas L. Ryan sold 50,000 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $86.11, for a total value of $4,305,500.00. Following the transaction, the chief executive officer now owns 982,333 shares of the company’s stock, valued at approximately $84,588,694.63. This represents a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Tony Coelho sold 2,555 shares of Service Co. International stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $85.64, for a total value of $218,810.20. Following the sale, the director now directly owns 53,324 shares of the company’s stock, valued at $4,566,667.36. This represents a 4.57 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 108,655 shares of company stock valued at $9,356,203. 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.