Service Co. International (NYSE:SCI) Shares Bought by Perfromance Wealth Partners LLC

Perfromance Wealth Partners LLC increased its stake in Service Co. International (NYSE:SCI) by 100.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,011 shares of the company’s stock after purchasing an additional 3,011 shares during the period. Perfromance Wealth Partners LLC’s holdings in Service Co. International were worth $480,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of SCI. American Century Companies Inc. lifted its stake in shares of Service Co. International by 4.3% in the 2nd quarter. American Century Companies Inc. now owns 33,181 shares of the company’s stock valued at $2,360,000 after purchasing an additional 1,368 shares during the period. AE Wealth Management LLC grew its holdings in shares of Service Co. International by 4.6% during the second quarter. AE Wealth Management LLC now owns 7,534 shares of the company’s stock worth $536,000 after buying an additional 331 shares in the last quarter. Sei Investments Co. boosted its position in shares of Service Co. International by 14.1% during the 2nd quarter. Sei Investments Co. now owns 118,087 shares of the company’s stock valued at $8,400,000 after acquiring an additional 14,610 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Service Co. International by 37.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 55,155 shares of the company’s stock valued at $3,924,000 after acquiring an additional 14,982 shares during the last quarter. Finally, Evergreen Capital Management LLC acquired a new position in Service Co. International in the second quarter valued at about $265,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Service Co. International Stock Performance

SCI stock opened at $77.73 on Wednesday. Service Co. International has a 12-month low of $64.10 and a 12-month high of $89.37. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.91. The stock’s 50 day simple moving average is $82.93 and its 200 day simple moving average is $79.03. The firm has a market cap of $11.24 billion, a P/E ratio of 22.60, a P/E/G ratio of 2.01 and a beta of 0.87.

Service Co. International (NYSE:SCI) last announced its earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share for the quarter, meeting the consensus estimate of $0.79. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Service Co. International had a return on equity of 31.84% and a net margin of 12.19%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted $0.78 earnings per share. As a group, equities research analysts predict that Service Co. International will post 3.51 EPS for the current year.

Service Co. International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.60%. This is an increase from Service Co. International’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, December 13th. Service Co. International’s dividend payout ratio (DPR) is presently 34.88%.

Analysts Set New Price Targets

A number of research firms have commented on SCI. Oppenheimer upped their target price on shares of Service Co. International from $86.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Truist Financial increased their price target on shares of Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Raymond James increased their price target on shares of Service Co. International from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, StockNews.com upgraded shares of Service Co. International from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Service Co. International presently has an average rating of “Moderate Buy” and an average target price of $88.50.

Insider Buying and Selling at Service Co. International

In related news, CEO Thomas L. Ryan sold 50,000 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $86.11, for a total value of $4,305,500.00. Following the sale, the chief executive officer now owns 982,333 shares of the company’s stock, valued at $84,588,694.63. The trade was a 4.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tony Coelho sold 2,555 shares of Service Co. International stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $85.64, for a total value of $218,810.20. Following the completion of the transaction, the director now owns 53,324 shares of the company’s stock, valued at approximately $4,566,667.36. The trade was a 4.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 108,655 shares of company stock valued at $9,356,203 in the last 90 days. 4.60% of the stock is currently owned by insiders.

About Service Co. International

Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery segments. The Funeral segment offers services related to cremations, including the use of home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, memorialization, and catering.