Xponance Inc. Reduces Stock Position in Service Co. International (NYSE:SCI)

Xponance Inc. cut its holdings in shares of Service Co. International (NYSE:SCI) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,524 shares of the company’s stock after selling 833 shares during the quarter. Xponance Inc.’s holdings in Service Co. International were worth $1,679,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SCI. Federated Hermes Inc. grew its position in shares of Service Co. International by 41.7% in the 4th quarter. Federated Hermes Inc. now owns 266,773 shares of the company’s stock worth $18,261,000 after acquiring an additional 78,461 shares in the last quarter. Tranquility Partners LLC grew its position in shares of Service Co. International by 3.0% in the 4th quarter. Tranquility Partners LLC now owns 10,652 shares of the company’s stock worth $729,000 after acquiring an additional 309 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Service Co. International by 6.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,016 shares of the company’s stock worth $2,191,000 after acquiring an additional 1,869 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in shares of Service Co. International in the 4th quarter worth approximately $2,841,000. Finally, Vaughan David Investments LLC IL grew its position in shares of Service Co. International by 5.2% in the 4th quarter. Vaughan David Investments LLC IL now owns 504,742 shares of the company’s stock worth $34,550,000 after acquiring an additional 24,925 shares in the last quarter. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Service Co. International news, CEO Thomas L. Ryan sold 16,580 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $72.20, for a total transaction of $1,197,076.00. Following the completion of the transaction, the chief executive officer now owns 988,365 shares in the company, valued at approximately $71,359,953. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Service Co. International news, CEO Thomas L. Ryan sold 16,580 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $72.20, for a total transaction of $1,197,076.00. Following the completion of the transaction, the chief executive officer now owns 988,365 shares in the company, valued at approximately $71,359,953. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tony Coelho sold 8,950 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $75.39, for a total value of $674,740.50. Following the transaction, the director now owns 60,887 shares of the company’s stock, valued at approximately $4,590,270.93. The disclosure for this sale can be found here. In the last quarter, insiders sold 202,675 shares of company stock worth $15,066,906. 4.60% of the stock is owned by company insiders.

Service Co. International Trading Up 2.1 %

NYSE:SCI opened at $70.98 on Wednesday. Service Co. International has a 12-month low of $52.89 and a 12-month high of $75.97. The firm has a market capitalization of $10.40 billion, a P/E ratio of 20.16, a P/E/G ratio of 1.90 and a beta of 0.81. The company has a debt-to-equity ratio of 3.02, a current ratio of 0.67 and a quick ratio of 0.62. The business has a 50 day simple moving average of $72.30 and a 200 day simple moving average of $66.34.

Service Co. International (NYSE:SCI) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. Service Co. International had a return on equity of 32.88% and a net margin of 13.11%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the firm posted $0.92 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities research analysts predict that Service Co. International will post 3.62 EPS for the current year.

Service Co. International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Service Co. International’s previous quarterly dividend of $0.29. Service Co. International’s payout ratio is 32.95%.

Analyst Ratings Changes

SCI has been the subject of several research reports. Oppenheimer lifted their target price on Service Co. International from $71.00 to $76.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. UBS Group lifted their target price on Service Co. International from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Service Co. International presently has an average rating of “Moderate Buy” and a consensus price target of $75.00.

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.