Service Co. International (NYSE:SCI) Shares Purchased by Larson Financial Group LLC

Larson Financial Group LLC raised its position in Service Co. International (NYSE:SCI) by 28.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,876 shares of the company’s stock after purchasing an additional 856 shares during the quarter. Larson Financial Group LLC’s holdings in Service Co. International were worth $306,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. nVerses Capital LLC lifted its holdings in Service Co. International by 100.0% in the second quarter. nVerses Capital LLC now owns 400 shares of the company’s stock valued at $28,000 after acquiring an additional 200 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Service Co. International by 121.9% in the 2nd quarter. Blue Trust Inc. now owns 708 shares of the company’s stock valued at $53,000 after purchasing an additional 389 shares during the last quarter. Quarry LP lifted its stake in shares of Service Co. International by 258.6% in the 2nd quarter. Quarry LP now owns 789 shares of the company’s stock valued at $56,000 after purchasing an additional 569 shares during the last quarter. Waldron Private Wealth LLC purchased a new position in shares of Service Co. International during the 3rd quarter worth $57,000. Finally, Farther Finance Advisors LLC increased its position in shares of Service Co. International by 36.8% during the 3rd 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 last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on SCI. Raymond James upped their target price on shares of Service Co. International from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. StockNews.com lowered shares of Service Co. International from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Finally, Truist Financial lifted their target price on shares of Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $85.25.

Service Co. International Stock Down 0.3 %

Shares of SCI opened at $88.31 on Wednesday. The company’s 50-day simple moving average is $79.90 and its 200-day simple moving average is $75.94. 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 has a 1 year low of $60.60 and a 1 year high of $89.31. The stock has a market capitalization of $12.77 billion, a PE ratio of 25.67, a P/E/G ratio of 2.55 and a beta of 0.83.

Service Co. International (NYSE:SCI) last released its earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.79. The company had revenue of $1.01 billion for 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 period in the prior year, the business earned $0.78 EPS. Analysts forecast that Service Co. International will post 3.51 earnings per share for the current fiscal year.

Service Co. International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given 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 1.40%. This is a positive change from Service Co. International’s previous quarterly dividend of $0.30. Service Co. International’s dividend payout ratio (DPR) is currently 34.88%.

Insider Activity

In related news, CEO Thomas L. Ryan sold 50,000 shares of Service Co. International stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 982,333 shares in the company, valued at $84,588,694.63. The trade was a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Elisabeth G. Nash sold 56,100 shares of the 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 directly owns 109,260 shares in the company, valued at approximately $9,410,563.80. This represents a 33.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 108,655 shares of company stock worth $9,356,203. 5.10% of the stock is currently owned by company insiders.

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.