Larson Financial Group LLC Boosts Position in Service Co. International (NYSE:SCI)

Larson Financial Group LLC raised its stake in Service Co. International (NYSE:SCI) by 128.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,861 shares of the company’s stock after buying an additional 1,607 shares during the period. Larson Financial Group LLC’s holdings in Service Co. International were worth $212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Central Pacific Bank Trust Division bought a new position in Service Co. International in the first quarter worth approximately $308,000. Whittier Trust Co. grew its position in shares of Service Co. International by 406.5% during the 1st quarter. Whittier Trust Co. now owns 542 shares of the company’s stock worth $40,000 after buying an additional 435 shares in the last quarter. Financial Counselors Inc. purchased a new position in shares of Service Co. International during the first quarter valued at $211,000. Jennison Associates LLC increased its stake in shares of Service Co. International by 430.3% during the first quarter. Jennison Associates LLC now owns 357,075 shares of the company’s stock valued at $26,499,000 after buying an additional 289,741 shares during the period. Finally, Bryn Mawr Capital Management LLC raised its holdings in shares of Service Co. International by 119.6% in the first quarter. Bryn Mawr Capital Management LLC now owns 13,194 shares of the company’s stock valued at $979,000 after acquiring an additional 7,187 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Service Co. International

In other news, Director Victor L. Lund sold 1,011 shares of Service Co. International stock in a transaction on Friday, April 12th. The shares were sold at an average price of $70.00, for a total transaction of $70,770.00. Following the completion of the sale, the director now directly owns 7,606 shares in the company, valued at $532,420. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Victor L. Lund sold 1,011 shares of the company’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $70.00, for a total value of $70,770.00. Following the transaction, the director now directly owns 7,606 shares of the company’s stock, valued at approximately $532,420. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Tony Coelho sold 2,900 shares of Service Co. International stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $72.38, for a total value of $209,902.00. Following the sale, the director now directly owns 60,629 shares of the company’s stock, valued at approximately $4,388,327.02. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,517 shares of company stock worth $813,092. 4.60% of the stock is owned by corporate insiders.

Service Co. International Stock Up 0.2 %

Shares of SCI traded up $0.17 during midday trading on Wednesday, hitting $69.72. 590,563 shares of the company’s stock traded hands, compared to its average volume of 868,267. The company has a current ratio of 0.62, a quick ratio of 0.57 and a debt-to-equity ratio of 2.90. The stock has a market capitalization of $10.15 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 1.89 and a beta of 0.84. Service Co. International has a 1 year low of $52.89 and a 1 year high of $75.97. The firm’s fifty day moving average is $70.87 and its 200-day moving average is $70.66.

Service Co. International (NYSE:SCI) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.04. Service Co. International had a return on equity of 32.23% and a net margin of 12.73%. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the business posted $0.93 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Service Co. International will post 3.66 earnings per share for the current year.

Service Co. International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend was Friday, June 14th. Service Co. International’s dividend payout ratio is presently 34.48%.

Analysts Set New Price Targets

SCI has been the subject of several research reports. UBS Group upped their price target on shares of Service Co. International from $83.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Oppenheimer boosted their price target on Service Co. International from $76.00 to $79.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 22nd. Finally, Truist Financial raised their price objective on Service Co. International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, June 21st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Service Co. International presently has an average rating of “Moderate Buy” and an average price target of $78.00.

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.