Groupama Asset Managment Sells 15,993 Shares of Service Co. International (NYSE:SCI)

Groupama Asset Managment reduced its holdings in shares of Service Co. International (NYSE:SCI) by 12.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 115,088 shares of the company’s stock after selling 15,993 shares during the quarter. Groupama Asset Managment’s holdings in Service Co. International were worth $9,084,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of SCI. SG Americas Securities LLC bought a new stake in Service Co. International during the second quarter worth $1,127,000. Diversified Trust Co purchased a new position in shares of Service Co. International during the 2nd quarter valued at $335,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Service Co. International by 31.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,405 shares of the company’s stock valued at $598,000 after purchasing an additional 2,004 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in shares of Service Co. International by 11.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 17,399 shares of the company’s stock valued at $1,238,000 after purchasing an additional 1,727 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of Service Co. International by 121.9% during the 2nd quarter. Blue Trust Inc. now owns 708 shares of the company’s stock valued at $53,000 after purchasing an additional 389 shares during the period. 85.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SCI shares. StockNews.com upgraded Service Co. International from a “sell” rating to a “hold” rating in a research note on Wednesday, December 4th. Truist Financial increased their price objective on Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Raymond James increased their target price on Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. One investment 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, the company has an average rating of “Moderate Buy” and an average target price of $85.25.

Insider Activity at Service Co. International

In other Service Co. International news, Director Tony Coelho sold 2,555 shares of Service Co. International stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $85.64, for a total value of $218,810.20. Following the completion of the sale, the director now owns 53,324 shares of the company’s stock, valued at approximately $4,566,667.36. This trade represents a 4.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Elisabeth G. Nash sold 56,100 shares of Service Co. International stock in a transaction on Monday, November 18th. The stock was sold at an average price of $86.13, for a total value of $4,831,893.00. Following the completion of the sale, the vice president now directly owns 109,260 shares of the company’s stock, valued at approximately $9,410,563.80. The trade was a 33.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 108,655 shares of company stock valued at $9,356,203 in the last 90 days. Corporate insiders own 4.60% of the company’s stock.

Service Co. International Stock Down 0.5 %

SCI stock opened at $86.55 on Monday. Service Co. International has a twelve month low of $64.10 and a twelve month high of $89.37. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.91. The firm has a market cap of $12.52 billion, a PE ratio of 25.16, a price-to-earnings-growth ratio of 2.53 and a beta of 0.85. The business has a 50 day moving average of $81.45 and a 200 day moving average of $77.07.

Service Co. International (NYSE:SCI) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.79. Service Co. International had a return on equity of 31.84% and a net margin of 12.19%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the company earned $0.78 EPS. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, research analysts forecast that Service Co. International will post 3.51 EPS for the current fiscal year.

Service Co. International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Friday, December 13th. This is a positive change from Service Co. International’s previous quarterly dividend of $0.30. Service Co. International’s dividend payout ratio (DPR) is 34.88%.

Service Co. International 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.