CX Institutional Sells 2,377 Shares of Service Co. International (NYSE:SCI)

CX Institutional trimmed its holdings in Service Co. International (NYSE:SCI) by 17.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,028 shares of the company’s stock after selling 2,377 shares during the period. CX Institutional’s holdings in Service Co. International were worth $880,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. FMR LLC boosted its holdings in shares of Service Co. International by 300.6% during the 3rd quarter. FMR LLC now owns 4,055,823 shares of the company’s stock worth $320,126,000 after buying an additional 3,043,354 shares during the period. Geode Capital Management LLC boosted 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 buying an additional 156,086 shares during the period. Swedbank AB boosted its holdings in shares of Service Co. International by 1.9% during the 3rd quarter. Swedbank AB now owns 2,900,020 shares of the company’s stock worth $228,899,000 after buying an additional 55,000 shares during the period. Handelsbanken Fonder AB raised its stake in Service Co. International by 3.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 1,810,148 shares of the company’s stock valued at $142,875,000 after purchasing an additional 61,838 shares during the last quarter. Finally, Premier Fund Managers Ltd raised its stake in 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 valued at $85,721,000 after purchasing an additional 210,802 shares during the last quarter. 85.53% of the stock is owned by institutional investors.

Insider Buying and Selling at Service Co. International

In other news, CEO Thomas L. Ryan sold 50,000 shares of Service Co. International stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $86.11, for a total transaction of $4,305,500.00. Following the completion of the sale, the chief executive officer now owns 982,333 shares in the company, 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 link. Also, VP Elisabeth G. Nash sold 56,100 shares of Service Co. International stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $86.13, for a total transaction of $4,831,893.00. Following the sale, the vice president now owns 109,260 shares of the company’s stock, valued at approximately $9,410,563.80. This represents a 33.93 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 108,655 shares of company stock worth $9,356,203. 5.10% of the stock is currently owned by corporate insiders.

Service Co. International Trading Up 0.4 %

Shares of SCI stock opened at $77.77 on Friday. Service Co. International has a 12-month low of $64.10 and a 12-month high of $89.37. The company has a market capitalization of $11.25 billion, a P/E ratio of 22.61, a P/E/G ratio of 2.02 and a beta of 0.87. The firm has a 50-day moving average price of $82.33 and a 200 day moving average price of $79.18. 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 announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.79. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the firm posted $0.78 EPS. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. Research analysts forecast that Service Co. International will post 3.51 earnings per share for the current fiscal year.

Service Co. International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Friday, December 13th. This is a boost from Service Co. International’s previous quarterly dividend of $0.30. Service Co. International’s dividend payout ratio (DPR) is presently 34.88%.

Analysts Set New Price Targets

A number of analysts have weighed in on SCI shares. 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 report on Friday, November 1st. StockNews.com raised shares of Service Co. International from a “sell” rating to a “hold” rating in a report on Wednesday, December 4th. Oppenheimer raised their price objective 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. Finally, Truist Financial raised their price objective 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. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.