Prospera Financial Services Inc Has $27,000 Stake in Service Co. International (NYSE:SCI)

Prospera Financial Services Inc decreased its holdings in Service Co. International (NYSE:SCIGet Rating) by 85.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 384 shares of the company’s stock after selling 2,249 shares during the quarter. Prospera Financial Services Inc’s holdings in Service Co. International were worth $27,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Charter Oak Capital Management LLC acquired a new stake in Service Co. International in the 2nd quarter worth about $32,000. Hazlett Burt & Watson Inc. acquired a new stake in Service Co. International in the 1st quarter worth about $37,000. NN Investment Partners Holdings N.V. acquired a new position in shares of Service Co. International in the 1st quarter valued at approximately $46,000. Ancora Advisors LLC acquired a new position in shares of Service Co. International in the 1st quarter valued at approximately $44,000. Finally, Archer Investment Corp acquired a new position in shares of Service Co. International in the 1st quarter valued at approximately $59,000. Institutional investors and hedge funds own 84.40% of the company’s stock.

Service Co. International Price Performance

SCI stock opened at $70.94 on Thursday. The company has a 50 day simple moving average of $62.39 and a 200 day simple moving average of $66.04. The stock has a market cap of $10.91 billion, a price-to-earnings ratio of 17.05, a P/E/G ratio of 2.19 and a beta of 0.74. Service Co. International has a 1 year low of $56.85 and a 1 year high of $75.11. The company has a debt-to-equity ratio of 2.46, a current ratio of 0.48 and a quick ratio of 0.43.

Service Co. International (NYSE:SCIGet Rating) last released its quarterly earnings data on Tuesday, November 1st. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.17. The business had revenue of $977.72 million during the quarter, compared to analysts’ expectations of $879.87 million. Service Co. International had a net margin of 16.48% and a return on equity of 36.22%. Research analysts anticipate that Service Co. International will post 3.67 EPS for the current fiscal year.

Service Co. International announced that its board has approved a share buyback plan on Wednesday, November 2nd that permits the company to repurchase $350.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 3.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Service Co. International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Thursday, December 15th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.52%. This is a boost from Service Co. International’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, December 14th. Service Co. International’s dividend payout ratio is currently 24.04%.

Insiders Place Their Bets

In other Service Co. International news, Director Alan R. Buckwalter III sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $71.64, for a total transaction of $1,432,800.00. Following the sale, the director now directly owns 32,326 shares of the company’s stock, valued at approximately $2,315,834.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Service Co. International news, Director Alan R. Buckwalter III sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $71.64, for a total transaction of $1,432,800.00. Following the sale, the director now directly owns 32,326 shares of the company’s stock, valued at approximately $2,315,834.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jakki L. Haussler sold 11,748 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $63.16, for a total transaction of $742,003.68. Following the sale, the director now directly owns 4,937 shares in the company, valued at $311,820.92. The disclosure for this sale can be found here. Insiders have sold 42,048 shares of company stock valued at $2,875,513 in the last ninety days. 5.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on SCI shares. StockNews.com started coverage on shares of Service Co. International in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Truist Financial started coverage on shares of Service Co. International in a research report on Friday, October 7th. They issued a “buy” rating and a $72.00 target price for the company.

Service Co. International Profile

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Service Corporation International provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses.

See Also

Institutional Ownership by Quarter for Service Co. International (NYSE:SCI)

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