Boston Financial Mangement LLC Acquires New Stake in Service Co. International (NYSE:SCI)

Boston Financial Mangement LLC acquired a new stake in Service Co. International (NYSE:SCI) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,600 shares of the company’s stock, valued at approximately $367,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Waldron Private Wealth LLC acquired a new position in Service Co. International in the 3rd quarter valued at $57,000. Farther Finance Advisors LLC raised its stake in Service Co. International by 36.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 926 shares of the company’s stock valued at $73,000 after purchasing an additional 249 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Service Co. International in the 3rd quarter valued at $80,000. Quest Partners LLC raised its stake in Service Co. International by 110,300.0% in the 3rd quarter. Quest Partners LLC now owns 1,104 shares of the company’s stock valued at $87,000 after purchasing an additional 1,103 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in Service Co. International by 64.3% in the 3rd quarter. Blue Trust Inc. now owns 1,163 shares of the company’s stock valued at $92,000 after purchasing an additional 455 shares during the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SCI has been the subject of several analyst reports. StockNews.com upgraded Service Co. International from a “sell” rating to a “hold” rating in a report on Tuesday. Oppenheimer upped their target price on Service Co. International from $86.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Truist Financial upped their target price on Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Raymond James upped their target price on Service Co. International from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $88.50.

Service Co. International Stock Performance

NYSE SCI opened at $78.69 on Friday. The stock has a market cap of $11.35 billion, a PE ratio of 22.16, a P/E/G ratio of 1.88 and a beta of 0.87. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.83. Service Co. International has a twelve month low of $67.19 and a twelve month high of $89.37. The stock has a fifty day simple moving average of $78.93 and a 200-day simple moving average of $79.59.

Service Co. International (NYSE:SCI) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.06. Service Co. International had a return on equity of 32.18% and a net margin of 12.39%. Equities analysts anticipate that Service Co. International will post 3.85 earnings per share for the current year.

Service Co. International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.32 per share. This is a boost from Service Co. International’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.63%. Service Co. International’s dividend payout ratio is currently 33.80%.

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.