Service Co. International (NYSE:SCI) Shares Acquired by BDF Gestion

BDF Gestion increased its stake in shares of Service Co. International (NYSE:SCI) by 34.2% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 74,500 shares of the company’s stock after acquiring an additional 19,000 shares during the period. BDF Gestion owned approximately 0.05% of Service Co. International worth $5,880,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Inspire Investing LLC grew its stake in Service Co. International by 3.1% during the 2nd quarter. Inspire Investing LLC now owns 4,969 shares of the company’s stock valued at $353,000 after purchasing an additional 148 shares in the last quarter. Fifth Third Bancorp grew its position in shares of Service Co. International by 14.0% during the second quarter. Fifth Third Bancorp now owns 1,226 shares of the company’s stock worth $87,000 after buying an additional 151 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Service Co. International by 7.8% in the third quarter. UMB Bank n.a. now owns 2,167 shares of the company’s stock worth $171,000 after buying an additional 156 shares during the last quarter. Larson Financial Group LLC raised its holdings in Service Co. International by 5.6% in the second quarter. Larson Financial Group LLC now owns 3,020 shares of the company’s stock valued at $215,000 after acquiring an additional 159 shares in the last quarter. Finally, HB Wealth Management LLC boosted its stake in Service Co. International by 3.5% during the 2nd quarter. HB Wealth Management LLC now owns 4,894 shares of the company’s stock valued at $348,000 after acquiring an additional 165 shares during the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Service Co. International

In other news, Director Ellen Ochoa sold 2,642 shares of the company’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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Ellen Ochoa sold 2,642 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total value of $201,875.22. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Thomas L. Ryan sold 80,638 shares of Service Co. International stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $73.97, for a total transaction of $5,964,792.86. Following the completion of the sale, the chief executive officer now owns 988,365 shares of the company’s stock, valued at $73,109,359.05. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.10% of the company’s stock.

Wall Street Analysts Forecast Growth

SCI has been the topic of a number of research reports. Truist Financial increased their target price on shares of Service Co. International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, June 21st. StockNews.com downgraded Service Co. International from a “hold” rating to a “sell” rating in a report on Thursday, August 1st.

Service Co. International Trading Up 0.1 %

Shares of SCI stock traded up $0.06 during trading hours on Tuesday, reaching $75.85. 551,050 shares of the stock traded hands, compared to its average volume of 901,435. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 3.05. The firm has a market capitalization of $10.95 billion, a PE ratio of 22.38, a PEG ratio of 2.15 and a beta of 0.84. Service Co. International has a 1-year low of $52.89 and a 1-year high of $81.32. The business has a fifty day moving average price of $77.21 and a 200 day moving average price of $73.65.

Service Co. International (NYSE:SCI) last announced its earnings results on Wednesday, July 31st. The company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.07). The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. Service Co. International had a net margin of 12.32% and a return on equity of 32.07%. Service Co. International’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the firm earned $0.83 earnings per share. On average, equities research analysts forecast that Service Co. International will post 3.52 EPS for the current year.

Service Co. International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a dividend of $0.30 per share. The ex-dividend date was Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a yield of 1.58%. Service Co. International’s payout ratio is presently 34.99%.

About Service Co. International

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.