Allworth Financial LP Buys 2,485 Shares of Service Co. International (NYSE:SCI)

Allworth Financial LP boosted its stake in Service Co. International (NYSE:SCI) by 187.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,812 shares of the company’s stock after purchasing an additional 2,485 shares during the period. Allworth Financial LP’s holdings in Service Co. International were worth $294,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in SCI. FMR LLC raised its position in Service Co. International by 300.6% in the third quarter. FMR LLC now owns 4,055,823 shares of the company’s stock worth $320,126,000 after acquiring an additional 3,043,354 shares during the period. Verition Fund Management LLC raised its position in shares of Service Co. International by 2,527.9% in the third quarter. Verition Fund Management LLC now owns 293,329 shares of the company’s stock valued at $23,152,000 after purchasing an additional 282,167 shares during the period. Premier Fund Managers Ltd raised its position in shares of Service Co. International by 23.9% in the third quarter. Premier Fund Managers Ltd now owns 1,093,723 shares of the company’s stock valued at $85,721,000 after purchasing an additional 210,802 shares during the period. Geode Capital Management LLC raised its position in shares of Service Co. International by 5.1% in the third quarter. Geode Capital Management LLC now owns 3,211,902 shares of the company’s stock valued at $253,567,000 after purchasing an additional 156,086 shares during the period. Finally, Tidal Investments LLC raised its position in shares of Service Co. International by 4,977.3% in the third quarter. Tidal Investments LLC now owns 155,567 shares of the company’s stock valued at $12,279,000 after purchasing an additional 152,503 shares during the period. Institutional investors own 85.53% of the company’s stock.

Service Co. International Stock Performance

Service Co. International stock opened at $78.97 on Friday. The firm’s 50 day simple moving average is $78.80 and its 200 day simple moving average is $79.64. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.83. The firm has a market capitalization of $11.39 billion, a PE ratio of 22.25, a price-to-earnings-growth ratio of 1.91 and a beta of 0.87. Service Co. International has a 1-year low of $67.19 and a 1-year high of $89.37.

Service Co. International (NYSE:SCI) last posted its earnings results on Wednesday, February 12th. The company reported $1.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.06. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. As a group, analysts expect that Service Co. International will post 3.84 earnings per share for the current fiscal year.

Service Co. International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Service Co. International’s previous quarterly dividend of $0.31. Service Co. International’s dividend payout ratio is 33.80%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Truist Financial boosted their price target 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 Tuesday. Raymond James boosted their price target on shares of Service Co. International from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Oppenheimer boosted their price target on shares of Service Co. International from $86.00 to $92.00 and gave the company an “outperform” rating in a research 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.

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.