EntryPoint Capital LLC Invests $65,000 in Service Co. International (NYSE:SCI)

EntryPoint Capital LLC acquired a new position in Service Co. International (NYSE:SCI) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 875 shares of the company’s stock, valued at approximately $65,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Parallel Advisors LLC raised its position in Service Co. International by 3.8% during the 4th quarter. Parallel Advisors LLC now owns 4,515 shares of the company’s stock valued at $309,000 after purchasing an additional 165 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Service Co. International by 16.1% in the 1st quarter. GAMMA Investing LLC now owns 1,254 shares of the company’s stock worth $93,000 after acquiring an additional 174 shares in the last quarter. Commerce Bank raised its position in shares of Service Co. International by 3.1% in the 4th quarter. Commerce Bank now owns 8,775 shares of the company’s stock worth $601,000 after acquiring an additional 262 shares in the last quarter. National Bank of Canada FI raised its position in shares of Service Co. International by 0.8% in the 4th quarter. National Bank of Canada FI now owns 34,497 shares of the company’s stock worth $2,382,000 after acquiring an additional 266 shares in the last quarter. Finally, Smithfield Trust Co raised its position in shares of Service Co. International by 9.9% in the 4th quarter. Smithfield Trust Co now owns 2,975 shares of the company’s stock worth $203,000 after acquiring an additional 267 shares in the last quarter. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on SCI shares. UBS Group increased their target price on Service Co. International from $83.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Truist Financial upped their price target on Service Co. International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, June 21st. Finally, Oppenheimer upped their price target on Service Co. International from $76.00 to $79.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 22nd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Service Co. International currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.00.

Insider Buying and Selling at Service Co. International

In other news, Director Tony Coelho sold 2,900 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $72.38, for a total value of $209,902.00. Following the transaction, 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 SEC, which is accessible through this link. Company insiders own 5.10% of the company’s stock.

Service Co. International Stock Up 3.2 %

Shares of Service Co. International stock traded up $2.39 during midday trading on Friday, hitting $77.40. The company had a trading volume of 966,645 shares, compared to its average volume of 813,842. The company has a 50 day moving average of $71.98 and a 200 day moving average of $71.14. The company has a debt-to-equity ratio of 2.90, a quick ratio of 0.57 and a current ratio of 0.62. Service Co. International has a 52-week low of $52.89 and a 52-week high of $77.48. The stock has a market capitalization of $11.27 billion, a P/E ratio of 22.24, a P/E/G ratio of 2.03 and a beta of 0.84.

Service Co. International (NYSE:SCI) last issued its earnings results on Wednesday, May 1st. The company reported $0.89 EPS for the quarter, beating the consensus estimate 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 business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the business posted $0.93 EPS. The company’s revenue was up 1.6% compared to the same quarter last year. On average, equities analysts predict that Service Co. International will post 3.66 earnings per share for the current fiscal year.

Service Co. International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.20 annualized dividend and a yield of 1.55%. Service Co. International’s dividend payout ratio is 34.48%.

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.