Atomi Financial Group Inc. Takes Position in Service Co. International (NYSE:SCI)

Atomi Financial Group Inc. bought a new position in shares of Service Co. International (NYSE:SCI) in the 1st quarter, Holdings Channel reports. The fund bought 5,694 shares of the company’s stock, valued at approximately $423,000.

Several other large investors have also added to or reduced their stakes in SCI. TFO Wealth Partners LLC boosted its holdings in shares of Service Co. International by 12,200.0% during the 4th quarter. TFO Wealth Partners LLC now owns 369 shares of the company’s stock worth $25,000 after buying an additional 366 shares in the last quarter. Rise Advisors LLC acquired a new position in shares of Service Co. International during the first quarter worth approximately $31,000. Whittier Trust Co. lifted its holdings in shares of Service Co. International by 406.5% in the 1st quarter. Whittier Trust Co. now owns 542 shares of the company’s stock worth $40,000 after purchasing an additional 435 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its position in Service Co. International by 204.1% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 599 shares of the company’s stock valued at $41,000 after purchasing an additional 402 shares during the period. Finally, ICA Group Wealth Management LLC bought a new stake in Service Co. International during the 4th quarter valued at $42,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. UBS Group lifted their price objective on shares of Service Co. International from $83.00 to $85.00 and gave the company a “buy” rating in a report on Friday, May 17th. Truist Financial boosted their target price on Service Co. International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, June 21st. Finally, Oppenheimer upped their price objective on Service Co. International from $76.00 to $79.00 and gave the company an “outperform” rating in a research note on Wednesday, May 22nd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Service Co. International currently has an average rating of “Moderate Buy” and an average price target of $78.00.

Service Co. International Stock Performance

Service Co. International stock traded up $0.87 during trading on Monday, hitting $72.64. The stock had a trading volume of 637,086 shares, compared to its average volume of 868,809. The stock’s 50 day moving average is $70.95 and its two-hundred day moving average is $70.71. Service Co. International has a 1 year low of $52.89 and a 1 year high of $75.97. The stock has a market cap of $10.58 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 1.94 and a beta of 0.84. The company has a quick ratio of 0.57, a current ratio of 0.62 and a debt-to-equity ratio of 2.90.

Service Co. International (NYSE:SCI) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.04. Service Co. International had a return on equity of 32.23% and a net margin of 12.73%. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, analysts predict that Service Co. International will post 3.66 EPS for the current year.

Service Co. International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.65%. Service Co. International’s dividend payout ratio is 34.48%.

Insider Buying and Selling at Service Co. International

In other Service Co. International news, Director Tony Coelho sold 2,900 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $72.38, for a total value of $209,902.00. Following the completion of the transaction, the director now owns 60,629 shares in the company, valued at approximately $4,388,327.02. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 5.10% of the company’s stock.

Service Co. International Company 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.