Service Co. International (NYSE:SCI) Shares Sold by Sargent Investment Group LLC

Sargent Investment Group LLC lessened its stake in shares of Service Co. International (NYSE:SCI) by 29.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,143 shares of the company’s stock after selling 1,720 shares during the period. Sargent Investment Group LLC’s holdings in Service Co. International were worth $327,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. KBC Group NV increased its holdings in Service Co. International by 8.9% in the third quarter. KBC Group NV now owns 3,993 shares of the company’s stock valued at $315,000 after buying an additional 326 shares in the last quarter. Empower Advisory Group LLC increased its stake in shares of Service Co. International by 2.8% in the third quarter. Empower Advisory Group LLC now owns 946,059 shares of the company’s stock worth $74,672,000 after buying an additional 25,713 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Service Co. International by 5.5% in the 3rd quarter. Victory Capital Management Inc. now owns 109,260 shares of the company’s stock worth $8,624,000 after acquiring an additional 5,724 shares in the last quarter. Aptus Capital Advisors LLC raised its holdings in shares of Service Co. International by 16.1% during the third quarter. Aptus Capital Advisors LLC now owns 52,891 shares of the company’s stock worth $4,175,000 after purchasing an additional 7,343 shares during the period. Finally, Crossmark Global Holdings Inc. raised its position in shares of Service Co. International by 5.5% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 10,693 shares of the company’s stock worth $844,000 after purchasing an additional 561 shares during the period. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Service Co. International news, Director Ellen Ochoa sold 2,642 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total value of $201,875.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 5.10% of the company’s stock.

Service Co. International Price Performance

Shares of SCI stock traded down $0.58 on Thursday, reaching $84.54. The company had a trading volume of 180,936 shares, compared to its average volume of 904,706. The business’s 50-day moving average is $78.83 and its 200 day moving average is $75.01. The stock has a market capitalization of $12.23 billion, a PE ratio of 24.75, a price-to-earnings-growth ratio of 2.52 and a beta of 0.83. Service Co. International has a one year low of $59.54 and a one year high of $88.32. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.91.

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

Service Co. International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.47%. This is an increase from Service Co. International’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, December 13th. Service Co. International’s dividend payout ratio (DPR) is currently 34.88%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Raymond James raised their target price 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. 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 research note on Friday, November 1st. Finally, StockNews.com downgraded shares of Service Co. International from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $85.25.

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.