Service Co. International (NYSE:SCI) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama trimmed its stake in Service Co. International (NYSE:SCI) by 3.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 179,720 shares of the company’s stock after selling 5,810 shares during the quarter. Retirement Systems of Alabama owned approximately 0.12% of Service Co. International worth $12,783,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. TFO Wealth Partners LLC raised its stake in Service Co. International by 12,200.0% in the 4th quarter. TFO Wealth Partners LLC now owns 369 shares of the company’s stock valued at $25,000 after purchasing an additional 366 shares during the last quarter. Rise Advisors LLC purchased a new position in shares of Service Co. International during the first quarter valued at approximately $31,000. Whittier Trust Co. lifted its stake in shares of Service Co. International by 406.5% during the first quarter. Whittier Trust Co. now owns 542 shares of the company’s stock valued at $40,000 after buying an additional 435 shares during the period. ICA Group Wealth Management LLC acquired a new stake in Service Co. International during the fourth quarter worth approximately $42,000. Finally, Blue Trust Inc. grew its stake in Service Co. International by 121.9% in the 2nd quarter. Blue Trust Inc. now owns 708 shares of the company’s stock worth $53,000 after acquiring an additional 389 shares during the period. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Service Co. International Trading Up 1.5 %

SCI traded up $1.17 during trading on Friday, hitting $77.39. 738,752 shares of the company’s stock were exchanged, compared to its average volume of 914,216. The stock has a 50 day moving average price of $73.70 and a 200 day moving average price of $72.17. Service Co. International has a 1 year low of $52.89 and a 1 year high of $80.37. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 3.05. The firm has a market cap of $11.18 billion, a P/E ratio of 22.24, a price-to-earnings-growth ratio of 2.20 and a beta of 0.84.

Service Co. International (NYSE:SCI) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.07). The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.03 billion. Service Co. International had a net margin of 12.32% and a return on equity of 32.07%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.83 earnings per share. As a group, analysts expect that Service Co. International will post 3.52 EPS for the current fiscal year.

Service Co. International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Friday, September 13th. Service Co. International’s dividend payout ratio is presently 34.48%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SCI shares. StockNews.com cut Service Co. International from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. UBS Group upped their price objective on shares of Service Co. International from $83.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Truist Financial raised their target price on shares of Service Co. International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, June 21st. Finally, Oppenheimer upped their price target on shares of Service Co. International from $76.00 to $79.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 22nd. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $77.60.

Insiders Place Their Bets

In other news, CEO Thomas L. Ryan sold 80,638 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $73.97, for a total transaction of $5,964,792.86. Following the transaction, the chief executive officer now directly owns 988,365 shares of the company’s stock, valued at $73,109,359.05. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Service Co. International news, Director Tony Coelho sold 2,900 shares of Service Co. International stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $72.38, for a total transaction of $209,902.00. Following the sale, the director now directly owns 60,629 shares in the company, valued at approximately $4,388,327.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas L. Ryan sold 80,638 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $73.97, for a total value of $5,964,792.86. Following the completion of the transaction, the chief executive officer now directly owns 988,365 shares in the company, valued at $73,109,359.05. The disclosure for this sale can be found here. 5.10% of the stock is owned by company insiders.

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.