LWM Advisory Services LLC Sells 186 Shares of Service Co. International (NYSE:SCI)

LWM Advisory Services LLC lessened its position in Service Co. International (NYSE:SCI) by 2.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,386 shares of the company’s stock after selling 186 shares during the period. LWM Advisory Services LLC’s holdings in Service Co. International were worth $454,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. TFO Wealth Partners LLC boosted its holdings in Service Co. International by 12,200.0% in the fourth quarter. TFO Wealth Partners LLC now owns 369 shares of the company’s stock valued at $25,000 after acquiring an additional 366 shares in the last quarter. nVerses Capital LLC boosted its stake in shares of Service Co. International by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 400 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares in the last quarter. Rise Advisors LLC purchased a new position in shares of Service Co. International during the first quarter valued at about $31,000. Whittier Trust Co. raised its stake in Service Co. International by 406.5% in the first 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. Finally, ICA Group Wealth Management LLC bought a new position in Service Co. International in the fourth quarter worth about $42,000. Institutional investors own 85.53% of the company’s stock.

Wall Street Analysts Forecast Growth

SCI has been the topic of a number of research analyst reports. StockNews.com downgraded Service Co. International from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Oppenheimer boosted their price objective on shares of Service Co. International from $76.00 to $79.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 22nd. UBS Group lifted their target price on shares of Service Co. International from $83.00 to $85.00 and gave the company a “buy” rating in a report on Friday, May 17th. Finally, 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. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.60.

Service Co. International Stock Performance

Shares of SCI stock opened at $79.89 on Friday. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.51 and a current ratio of 0.55. The company has a market capitalization of $11.54 billion, a price-to-earnings ratio of 22.96, a price-to-earnings-growth ratio of 2.29 and a beta of 0.84. Service Co. International has a one year low of $52.89 and a one year high of $80.37. The company’s 50-day moving average is $75.59 and its 200 day moving average is $73.02.

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

Service Co. International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Friday, September 13th. Service Co. International’s dividend payout ratio is currently 34.48%.

Insider Activity

In related news, CEO Thomas L. Ryan sold 80,638 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $73.97, for a total transaction of $5,964,792.86. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Ellen Ochoa sold 2,642 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total transaction of $201,875.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas L. Ryan sold 80,638 shares of the stock in a transaction that occurred 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 owns 988,365 shares in the company, valued at approximately $73,109,359.05. The disclosure for this sale can be found here. Corporate insiders own 5.10% of the company’s stock.

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.