Service Co. International (NYSE:SCI) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lessened its position in Service Co. International (NYSE:SCI) by 1.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,958 shares of the company’s stock after selling 1,386 shares during the period. Segall Bryant & Hamill LLC owned about 0.07% of Service Co. International worth $8,442,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Swedbank AB acquired a new position in Service Co. International in the 1st quarter valued at $224,137,000. Select Equity Group L.P. increased its stake in Service Co. International by 53.5% in the second quarter. Select Equity Group L.P. now owns 7,239,783 shares of the company’s stock valued at $514,966,000 after purchasing an additional 2,524,795 shares during the last quarter. Millennium Management LLC increased its stake in Service Co. International by 646.5% in the second quarter. Millennium Management LLC now owns 267,860 shares of the company’s stock valued at $19,053,000 after purchasing an additional 231,980 shares during the last quarter. Premier Fund Managers Ltd boosted its stake in Service Co. International by 23.9% in the 3rd quarter. Premier Fund Managers Ltd now owns 1,093,723 shares of the company’s stock worth $85,721,000 after buying an additional 210,802 shares during the last quarter. Finally, Lombard Odier Asset Management Europe Ltd purchased a new stake in Service Co. International in the 2nd quarter valued at about $14,226,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Insider Buying and Selling

In other news, VP Elisabeth G. Nash sold 56,100 shares of Service Co. International stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $86.13, for a total transaction of $4,831,893.00. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Raymond James raised their target price on shares of Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Truist Financial boosted 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. Finally, StockNews.com lowered Service Co. International from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $85.25.

Service Co. International Price Performance

SCI opened at $86.11 on Friday. Service Co. International has a 52-week low of $60.23 and a 52-week high of $88.32. The company has a 50 day moving average of $79.46 and a two-hundred day moving average of $75.51. The company has a market cap of $12.45 billion, a P/E ratio of 25.03, a P/E/G ratio of 2.51 and a beta of 0.83. 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 announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share 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 firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the company earned $0.78 EPS. The firm’s revenue was up 1.2% on a year-over-year basis. On average, analysts expect that Service Co. International will post 3.51 earnings per share for the current year.

Service Co. International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.31 per share. This is an increase from Service Co. International’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, December 13th. Service Co. International’s dividend payout ratio (DPR) is presently 34.88%.

About Service Co. International

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.