Callan Family Office LLC Buys 12,822 Shares of Service Co. International (NYSE:SCI)

Callan Family Office LLC increased its position in shares of Service Co. International (NYSE:SCI) by 482.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,482 shares of the company’s stock after purchasing an additional 12,822 shares during the period. Callan Family Office LLC’s holdings in Service Co. International were worth $1,236,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Franklin Resources Inc. increased its position in shares of Service Co. International by 263.1% during the third quarter. Franklin Resources Inc. now owns 15,912 shares of the company’s stock valued at $1,206,000 after purchasing an additional 11,530 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Service Co. International by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 3,211,902 shares of the company’s stock worth $253,567,000 after acquiring an additional 156,086 shares during the period. Premier Fund Managers Ltd lifted its holdings in shares of Service Co. International by 23.9% during the 3rd quarter. Premier Fund Managers Ltd now owns 1,093,723 shares of the company’s stock worth $85,721,000 after acquiring an additional 210,802 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Service Co. International by 1.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 185,277 shares of the company’s stock worth $14,348,000 after acquiring an additional 3,375 shares during the period. Finally, Assenagon Asset Management S.A. bought a new position in shares of Service Co. International during the 4th quarter worth about $3,229,000. 85.53% of the stock is currently owned by institutional investors.

Service Co. International Price Performance

Shares of Service Co. International stock opened at $80.94 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.83. The stock has a market capitalization of $11.67 billion, a price-to-earnings ratio of 22.80, a P/E/G ratio of 1.90 and a beta of 0.90. Service Co. International has a 1-year low of $67.19 and a 1-year high of $89.37. The firm’s 50-day moving average price is $78.42 and its two-hundred day moving average price is $80.02.

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

Service Co. International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.32 dividend. This is an increase from Service Co. International’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.28 annualized dividend and a yield of 1.58%. Service Co. International’s payout ratio is presently 36.06%.

Insiders Place Their Bets

In related news, Director Tony Coelho sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $79.29, for a total value of $515,385.00. Following the completion of the transaction, the director now owns 46,824 shares in the company, valued at $3,712,674.96. The trade was a 12.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 5.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Oppenheimer upped their price objective on Service Co. International from $86.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. StockNews.com cut Service Co. International from a “hold” rating to a “sell” rating in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.50.

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.