Legacy Capital Wealth Partners LLC Has $280,000 Stock Position in Service Co. International (NYSE:SCI)

Legacy Capital Wealth Partners LLC decreased its stake in shares of Service Co. International (NYSE:SCI) by 40.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,095 shares of the company’s stock after selling 2,806 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Service Co. International were worth $280,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Teachers Retirement System of The State of Kentucky increased its holdings in Service Co. International by 87.4% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 53,466 shares of the company’s stock worth $3,055,000 after buying an additional 24,941 shares during the last quarter. Boston Trust Walden Corp raised its stake in Service Co. International by 3.2% in the 4th quarter. Boston Trust Walden Corp now owns 673,914 shares of the company’s stock valued at $46,129,000 after acquiring an additional 20,879 shares during the period. Comerica Bank acquired a new stake in shares of Service Co. International during the 3rd quarter worth about $4,712,000. TIAA Trust National Association bought a new position in Service Co. International in the 3rd quarter valued at about $344,000. Finally, Fifth Third Bancorp lifted its position in Service Co. International by 45.4% during the third quarter. Fifth Third Bancorp now owns 1,224 shares of the company’s stock worth $70,000 after acquiring an additional 382 shares during the last quarter. Institutional investors own 85.53% of the company’s stock.

Insider Transactions at Service Co. International

In other Service Co. International news, Director Tony Coelho sold 8,950 shares of Service Co. International stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $75.39, for a total value of $674,740.50. Following the transaction, the director now owns 60,887 shares in the company, valued at $4,590,270.93. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Service Co. International news, Director Tony Coelho sold 8,950 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $75.39, for a total value of $674,740.50. Following the completion of the transaction, the director now directly owns 60,887 shares in the company, valued at approximately $4,590,270.93. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Sumner J. Waring III sold 50,000 shares of Service Co. International stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $75.07, for a total value of $3,753,500.00. Following the transaction, the chief operating officer now directly owns 289,400 shares in the company, valued at $21,725,258. The disclosure for this sale can be found here. In the last quarter, insiders sold 202,675 shares of company stock valued at $15,066,906. Corporate insiders own 4.60% of the company’s stock.

Service Co. International Price Performance

Shares of NYSE SCI opened at $72.93 on Tuesday. The business has a fifty day moving average price of $72.35 and a two-hundred day moving average price of $66.93. The stock has a market capitalization of $10.68 billion, a PE ratio of 20.72, a P/E/G ratio of 1.96 and a beta of 0.81. The company has a debt-to-equity ratio of 3.02, a current ratio of 0.67 and a quick ratio of 0.62. Service Co. International has a fifty-two week low of $52.89 and a fifty-two week high of $75.97.

Service Co. International (NYSE:SCI) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. Service Co. International had a net margin of 13.11% and a return on equity of 32.88%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the company posted $0.92 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities analysts predict that Service Co. International will post 3.62 earnings per share for the current fiscal year.

Service Co. International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.30 dividend. This is a positive change from Service Co. International’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.65%. Service Co. International’s dividend payout ratio (DPR) is presently 32.95%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. UBS Group upped their target price on Service Co. International from $72.00 to $79.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Oppenheimer increased their price objective on Service Co. International from $71.00 to $76.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Service Co. International has an average rating of “Moderate Buy” and a consensus price target of $75.00.

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.