Commonwealth Equity Services LLC Sells 7,507 Shares of Service Co. International (NYSE:SCI)

Commonwealth Equity Services LLC cut its position in shares of Service Co. International (NYSE:SCIFree Report) by 24.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,665 shares of the company’s stock after selling 7,507 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Service Co. International were worth $1,682,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of SCI. Principal Financial Group Inc. lifted its position in shares of Service Co. International by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 557,073 shares of the company’s stock valued at $41,340,000 after acquiring an additional 12,328 shares during the period. UMB Bank n.a. grew its stake in shares of Service Co. International by 33.0% in the 1st quarter. UMB Bank n.a. now owns 2,235 shares of the company’s stock valued at $166,000 after buying an additional 555 shares during the period. Louisiana State Employees Retirement System increased its position in Service Co. International by 2.4% in the 1st quarter. Louisiana State Employees Retirement System now owns 42,500 shares of the company’s stock valued at $3,154,000 after buying an additional 1,000 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Service Co. International by 26.2% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 95,896 shares of the company’s stock worth $7,116,000 after buying an additional 19,908 shares during the period. Finally, Horst & Graben Wealth Management LLC bought a new position in Service Co. International in the first quarter worth approximately $206,000. Institutional investors own 85.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Oppenheimer boosted their price target on shares of Service Co. International from $76.00 to $79.00 and gave the company an “outperform” rating in a research note on Wednesday, May 22nd. Truist Financial raised their price target on shares of Service Co. International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, June 21st. Finally, UBS Group lifted their price target on Service Co. International from $83.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, May 17th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $78.00.

View Our Latest Report on Service Co. International

Insider Activity

In related news, Director Tony Coelho sold 2,900 shares of Service Co. International stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $72.38, for a total value of $209,902.00. Following the sale, the director now owns 60,629 shares of the company’s stock, valued at approximately $4,388,327.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Victor L. Lund sold 7,606 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $70.00, for a total transaction of $532,420.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Tony Coelho sold 2,900 shares of Service Co. International stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $72.38, for a total value of $209,902.00. Following the sale, the director now directly owns 60,629 shares of the company’s stock, valued at approximately $4,388,327.02. The disclosure for this sale can be found here. Insiders sold 11,517 shares of company stock valued at $813,092 in the last three months. Company insiders own 4.60% of the company’s stock.

Service Co. International Trading Down 0.5 %

NYSE:SCI opened at $69.71 on Friday. Service Co. International has a 52 week low of $52.89 and a 52 week high of $75.97. The firm has a 50-day moving average price of $70.97 and a two-hundred day moving average price of $70.61. The company has a debt-to-equity ratio of 2.90, a quick ratio of 0.57 and a current ratio of 0.62. The firm has a market cap of $10.15 billion, a price-to-earnings ratio of 20.03, a price-to-earnings-growth ratio of 1.89 and a beta of 0.84.

Service Co. International (NYSE:SCIGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.04. Service Co. International had a return on equity of 32.23% and a net margin of 12.73%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the company posted $0.93 earnings per share. Service Co. International’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, equities analysts expect that Service Co. International will post 3.66 earnings per share for the current fiscal year.

Service Co. International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date was Friday, June 14th. Service Co. International’s payout ratio is 34.48%.

Service Co. International Profile

(Free Report)

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.

Read More

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

Receive News & Ratings for Service Co. International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Service Co. International and related companies with MarketBeat.com's FREE daily email newsletter.