Service Co. International (NYSE:SCI) Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC grew its stake in Service Co. International (NYSE:SCI) by 0.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 774,682 shares of the company’s stock after purchasing an additional 289 shares during the quarter. HighTower Advisors LLC owned approximately 0.54% of Service Co. International worth $61,146,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of SCI. nVerses Capital LLC boosted its holdings in Service Co. International by 100.0% in the second quarter. nVerses Capital LLC now owns 400 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares during the period. Blue Trust Inc. boosted its holdings in shares of Service Co. International by 121.9% in the 2nd quarter. Blue Trust Inc. now owns 708 shares of the company’s stock valued at $53,000 after buying an additional 389 shares during the period. Quarry LP grew its position in shares of Service Co. International by 258.6% during the 2nd quarter. Quarry LP now owns 789 shares of the company’s stock valued at $56,000 after buying an additional 569 shares during the last quarter. Waldron Private Wealth LLC acquired a new stake in Service Co. International during the third quarter worth about $57,000. Finally, Farther Finance Advisors LLC raised its stake in Service Co. International by 36.8% during the third quarter. Farther Finance Advisors LLC now owns 926 shares of the company’s stock worth $73,000 after acquiring an additional 249 shares during the period. Institutional investors own 85.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SCI. Truist Financial lifted their target price on Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, November 1st. StockNews.com lowered Service Co. International from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. Finally, Raymond James increased 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. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Service Co. International has a consensus rating of “Moderate Buy” and an average target price of $85.25.

Service Co. International Stock Down 0.3 %

Shares of Service Co. International stock opened at $87.91 on Wednesday. Service Co. International has a 1-year low of $61.38 and a 1-year high of $89.37. The company has a market capitalization of $12.71 billion, a P/E ratio of 25.56, a PEG ratio of 2.57 and a beta of 0.85. The business’s fifty day moving average price is $80.94 and its two-hundred day moving average price is $76.71. The company has a debt-to-equity ratio of 2.91, a current ratio of 0.52 and a quick ratio of 0.48.

Service Co. International (NYSE:SCI) last released its earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, meeting the consensus estimate of $0.79. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. Service Co. International’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the company earned $0.78 EPS. As a group, research 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 will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.31 per share. The ex-dividend date is Friday, December 13th. This is a boost from Service Co. International’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 1.41%. Service Co. International’s dividend payout ratio (DPR) is 34.88%.

Insider Transactions at Service Co. International

In other Service Co. International news, VP Elisabeth G. Nash sold 56,100 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $86.13, for a total value of $4,831,893.00. Following the completion of the sale, the vice president now directly owns 109,260 shares of the company’s stock, valued at approximately $9,410,563.80. This represents a 33.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas L. Ryan sold 50,000 shares of Service Co. International stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $86.11, for a total transaction of $4,305,500.00. Following the completion of the transaction, the chief executive officer now directly owns 982,333 shares in the company, valued at $84,588,694.63. This represents a 4.84 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 108,655 shares of company stock valued at $9,356,203. Corporate insiders own 4.60% 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.