C WorldWide Group Holding A S Has $19.98 Million Stock Position in Service Co. International (NYSE:SCI)

C WorldWide Group Holding A S trimmed its position in Service Co. International (NYSE:SCI) by 74.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 250,317 shares of the company’s stock after selling 735,244 shares during the quarter. C WorldWide Group Holding A S owned approximately 0.17% of Service Co. International worth $19,980,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings in shares of Service Co. International by 36.8% in the third quarter. Farther Finance Advisors LLC now owns 926 shares of the company’s stock worth $73,000 after buying an additional 249 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Service Co. International during the third quarter worth approximately $80,000. Quest Partners LLC boosted its holdings in shares of Service Co. International by 110,300.0% during the third quarter. Quest Partners LLC now owns 1,104 shares of the company’s stock worth $87,000 after purchasing an additional 1,103 shares during the period. Blue Trust Inc. boosted its holdings in shares of Service Co. International by 64.3% during the third quarter. Blue Trust Inc. now owns 1,163 shares of the company’s stock worth $92,000 after purchasing an additional 455 shares during the period. Finally, Allworth Financial LP boosted its holdings in shares of Service Co. International by 29.1% during the third quarter. Allworth Financial LP now owns 1,327 shares of the company’s stock worth $105,000 after purchasing an additional 299 shares during the period. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on SCI. Truist Financial raised their price target on shares of Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Oppenheimer raised their price target on shares of Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Raymond James raised their price target on shares of Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, StockNews.com upgraded shares of Service Co. International from a “sell” rating to a “hold” rating in a report on Tuesday, February 18th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Service Co. International presently has a consensus rating of “Moderate Buy” and an average price target of $88.50.

Service Co. International Price Performance

Shares of SCI opened at $78.97 on Monday. The firm has a market cap of $11.39 billion, a PE ratio of 22.25, a PEG ratio of 1.90 and a beta of 0.87. The firm’s 50 day moving average price is $78.80 and its 200 day moving average price is $79.72. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.48 and a current ratio of 0.52. Service Co. International has a twelve month low of $67.19 and a twelve month high of $89.37.

Service Co. International (NYSE:SCI) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.06 earnings per share for the quarter, meeting the consensus estimate of $1.06. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. As a group, research analysts expect that Service Co. International will post 3.84 EPS for the current fiscal year.

Service Co. International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.32 dividend. This is a positive change from Service Co. International’s previous quarterly dividend of $0.31. The ex-dividend date is Friday, March 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.62%. Service Co. International’s dividend payout ratio (DPR) is currently 33.80%.

Service Co. International Profile

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.