Diversify Advisory Services LLC Lowers Holdings in Service Co. International (NYSE:SCI)

Diversify Advisory Services LLC trimmed its position in shares of Service Co. International (NYSE:SCI) by 15.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 7,588 shares of the company’s stock after selling 1,384 shares during the quarter. Diversify Advisory Services LLC’s holdings in Service Co. International were worth $581,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SCI. nVerses Capital LLC grew its holdings in shares of Service Co. International by 75.0% during the third quarter. nVerses Capital LLC now owns 700 shares of the company’s stock valued at $55,000 after buying an additional 300 shares during the last quarter. Quarry LP increased its holdings in shares of Service Co. International by 258.6% in the 2nd quarter. Quarry LP now owns 789 shares of the company’s stock worth $56,000 after purchasing an additional 569 shares in the last quarter. Waldron Private Wealth LLC purchased a new position in shares of Service Co. International in the third quarter worth $57,000. Farther Finance Advisors LLC lifted its holdings in shares of Service Co. International by 36.8% during the third quarter. Farther Finance Advisors LLC now owns 926 shares of the company’s stock valued at $73,000 after purchasing an additional 249 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Service Co. International during the third quarter valued at $80,000. 85.53% of the stock is currently owned by institutional investors.

Service Co. International Stock Up 1.0 %

SCI opened at $77.73 on Wednesday. Service Co. International has a 1-year low of $64.10 and a 1-year high of $89.37. The firm’s 50 day simple moving average is $82.93 and its two-hundred day simple moving average is $79.03. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.91. The company has a market capitalization of $11.24 billion, a PE ratio of 22.60, a PEG ratio of 2.01 and a beta of 0.87.

Service Co. International (NYSE:SCI) last released 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 return on equity of 31.84% and a net margin of 12.19%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. Service Co. International’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, equities analysts forecast that Service Co. International will post 3.51 EPS for the current year.

Service Co. International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.31 dividend. This is a positive change from Service Co. International’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date was Friday, December 13th. Service Co. International’s dividend payout ratio is presently 34.88%.

Wall Street Analyst Weigh In

SCI has been the subject of a number of recent analyst reports. Raymond James boosted their target price on Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Truist Financial increased their price objective on shares of Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Friday, November 1st. StockNews.com raised shares of Service Co. International from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, Oppenheimer increased their price target on Service Co. International from $86.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, December 13th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $88.50.

Insider Transactions at Service Co. International

In other Service Co. International news, CEO Thomas L. Ryan sold 50,000 shares of the 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 directly owns 982,333 shares of the company’s stock, valued at $84,588,694.63. This trade represents a 4.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Tony Coelho sold 2,555 shares of Service Co. International stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $85.64, for a total transaction of $218,810.20. Following the sale, the director now owns 53,324 shares in the company, valued at approximately $4,566,667.36. The trade was a 4.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 108,655 shares of company stock valued at $9,356,203 over the last three months. Corporate insiders own 4.60% of the company’s stock.

Service Co. International Company 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.