SNS Financial Group LLC Sells 1,579 Shares of Service Co. International (NYSE:SCI)

SNS Financial Group LLC lessened its holdings in Service Co. International (NYSE:SCI) by 8.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 16,133 shares of the company’s stock after selling 1,579 shares during the quarter. SNS Financial Group LLC’s holdings in Service Co. International were worth $1,288,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Creative Planning lifted its stake in shares of Service Co. International by 10.0% in the 3rd quarter. Creative Planning now owns 26,399 shares of the company’s stock valued at $2,084,000 after acquiring an additional 2,394 shares during the last quarter. Swedbank AB lifted its position in Service Co. International by 1.9% in the third quarter. Swedbank AB now owns 2,900,020 shares of the company’s stock valued at $228,899,000 after purchasing an additional 55,000 shares during the last quarter. Blue Trust Inc. boosted its stake 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 valued at $92,000 after purchasing an additional 455 shares during the period. Raymond James & Associates grew its holdings in shares of Service Co. International by 102.8% in the third quarter. Raymond James & Associates now owns 122,131 shares of the company’s stock worth $9,640,000 after purchasing an additional 61,919 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Service Co. International by 12.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 181,902 shares of the company’s stock worth $14,358,000 after buying an additional 19,418 shares during the period. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Service Co. International Trading Up 1.6 %

Shares of SCI opened at $79.01 on Thursday. Service Co. International has a 1-year low of $67.19 and a 1-year high of $89.37. 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 firm’s 50-day moving average price is $79.09 and its 200-day moving average price is $79.59. The firm has a market capitalization of $11.39 billion, a price-to-earnings ratio of 22.26, a PEG ratio of 1.88 and a beta of 0.87.

Service Co. International (NYSE:SCI) last posted 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 return on equity of 32.18% and a net margin of 12.39%. Sell-side analysts anticipate that Service Co. International will post 3.85 EPS for the current year.

Analysts Set New Price Targets

SCI has been the topic of a number of recent analyst reports. StockNews.com raised shares of Service Co. International from a “sell” rating to a “hold” rating in a report on Tuesday. Truist Financial raised their target price 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. Raymond James increased their price objective on Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Oppenheimer boosted their target price 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. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Service Co. International has a consensus rating of “Moderate Buy” and an average 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.