Service Co. International (NYSE:SCI) Shares Sold by Round Hill Asset Management

Round Hill Asset Management lowered its stake in Service Co. International (NYSE:SCI) by 9.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,467 shares of the company’s stock after selling 1,058 shares during the quarter. Round Hill Asset Management’s holdings in Service Co. International were worth $826,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of SCI. Swedbank AB acquired a new stake in shares of Service Co. International during the 1st quarter worth about $224,137,000. Select Equity Group L.P. boosted its position in Service Co. International by 53.5% during the second quarter. Select Equity Group L.P. now owns 7,239,783 shares of the company’s stock worth $514,966,000 after acquiring an additional 2,524,795 shares during the last quarter. Millennium Management LLC grew its stake in Service Co. International by 646.5% in the 2nd quarter. Millennium Management LLC now owns 267,860 shares of the company’s stock worth $19,053,000 after acquiring an additional 231,980 shares during the period. Premier Fund Managers Ltd grew 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 acquiring an additional 210,802 shares during the period. Finally, Lombard Odier Asset Management Europe Ltd acquired a new position in Service Co. International in the 2nd quarter valued at $14,226,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Service Co. International Stock Performance

Service Co. International stock opened at $87.24 on Friday. The company has a market cap of $12.62 billion, a price-to-earnings ratio of 25.36, a price-to-earnings-growth ratio of 2.52 and a beta of 0.83. Service Co. International has a 12 month low of $60.60 and a 12 month high of $88.32. The company has a debt-to-equity ratio of 2.91, a current ratio of 0.52 and a quick ratio of 0.48. The stock’s 50-day moving average is $79.73 and its 200-day moving average is $75.72.

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

Service Co. International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.24 dividend on an annualized basis and a yield of 1.42%. This is a positive change from Service Co. International’s previous quarterly dividend of $0.30. Service Co. International’s payout ratio is currently 34.88%.

Insider Buying and Selling at Service Co. International

In other news, VP Elisabeth G. Nash sold 56,100 shares of the firm’s 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 completion of the sale, the vice president now 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tony Coelho sold 2,555 shares of Service Co. International stock in a transaction on Wednesday, November 20th. The stock was 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 owns 53,324 shares of the company’s stock, valued at approximately $4,566,667.36. This trade represents a 4.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 108,655 shares of company stock valued at $9,356,203 in the last ninety days. Insiders own 5.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on SCI. Truist Financial lifted their price objective 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. StockNews.com cut Service Co. International from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Finally, Raymond James increased their price objective on shares of Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Service Co. International has an average rating of “Moderate Buy” and a consensus target price of $85.25.

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.