Stratos Wealth Partners LTD. Sells 665 Shares of Service Co. International (NYSE:SCI)

Stratos Wealth Partners LTD. lowered its stake in shares of Service Co. International (NYSE:SCI) by 11.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,196 shares of the company’s stock after selling 665 shares during the period. Stratos Wealth Partners LTD.’s holdings in Service Co. International were worth $415,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. 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. Geode Capital Management LLC grew its stake in Service Co. International by 5.1% during the third quarter. Geode Capital Management LLC now owns 3,211,902 shares of the company’s stock valued at $253,567,000 after acquiring an additional 156,086 shares in the last quarter. Swedbank AB increased its stake in Service Co. International by 1.7% in the 4th quarter. Swedbank AB now owns 2,950,020 shares of the company’s stock worth $235,471,000 after acquiring an additional 50,000 shares during the last quarter. Premier Fund Managers Ltd lifted its position in Service Co. International by 23.9% during 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 last quarter. Finally, Empower Advisory Group LLC grew its position in Service Co. International by 2.8% in the third quarter. Empower Advisory Group LLC now owns 946,059 shares of the company’s stock worth $74,672,000 after acquiring an additional 25,713 shares in the last quarter. Institutional investors own 85.53% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on SCI. Truist Financial lifted their target price on shares of Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Oppenheimer increased their target price on Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. 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 report on Friday, November 1st. Finally, StockNews.com downgraded shares of Service Co. International from a “hold” rating to a “sell” rating in a research report on Monday. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $88.50.

Insider Activity at Service Co. International

In related news, VP Elisabeth G. Nash sold 56,100 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $86.13, for a total value of $4,831,893.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas L. Ryan sold 50,000 shares of the company’s stock in a transaction dated 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 represents a 4.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 108,655 shares of company stock worth $9,356,203 over the last quarter. Insiders own 5.10% of the company’s stock.

Service Co. International Stock Down 2.0 %

NYSE SCI opened at $75.81 on Thursday. The firm has a market capitalization of $10.96 billion, a price-to-earnings ratio of 22.04, a PEG ratio of 2.01 and a beta of 0.87. The company has a fifty day moving average of $79.87 and a two-hundred day moving average of $79.55. Service Co. International has a 52 week low of $66.05 and a 52 week high of $89.37. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.91.

Service Co. International (NYSE:SCI) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.06. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. On average, analysts predict that Service Co. International will post 3.51 earnings per share for the current year.

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.