Service Co. International (NYSE:SCI) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its position in Service Co. International (NYSE:SCI) by 5.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 162,484 shares of the company’s stock after selling 8,980 shares during the period. Allspring Global Investments Holdings LLC owned 0.11% of Service Co. International worth $11,557,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. TFO Wealth Partners LLC lifted its stake in Service Co. International by 12,200.0% in the fourth quarter. TFO Wealth Partners LLC now owns 369 shares of the company’s stock valued at $25,000 after buying an additional 366 shares during the last quarter. Rise Advisors LLC purchased a new stake in Service Co. International in the 1st quarter valued at $31,000. Whittier Trust Co. boosted its stake in Service Co. International by 406.5% during the 1st quarter. Whittier Trust Co. now owns 542 shares of the company’s stock worth $40,000 after purchasing an additional 435 shares during the period. ICA Group Wealth Management LLC purchased a new position in Service Co. International during the 4th quarter worth $42,000. Finally, Blue Trust Inc. increased its stake in Service Co. International by 121.9% in the second quarter. Blue Trust Inc. now owns 708 shares of the company’s stock valued at $53,000 after purchasing an additional 389 shares during the period. 85.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Tony Coelho sold 2,900 shares of the company’s stock in a transaction that occurred on 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 owns 60,629 shares in the company, valued at approximately $4,388,327.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Tony Coelho sold 2,900 shares of the business’s stock in a transaction dated 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 directly owns 60,629 shares in the company, valued at approximately $4,388,327.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Thomas L. Ryan sold 80,638 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $73.97, for a total transaction of $5,964,792.86. Following the transaction, the chief executive officer now owns 988,365 shares of the company’s stock, valued at $73,109,359.05. The disclosure for this sale can be found here. In the last three months, insiders sold 86,180 shares of company stock worth $6,376,570. Company insiders own 5.10% of the company’s stock.

Service Co. International Stock Down 0.0 %

SCI opened at $78.33 on Friday. The company has a debt-to-equity ratio of 3.05, a current ratio of 0.55 and a quick ratio of 0.51. Service Co. International has a 12 month low of $52.89 and a 12 month high of $80.37. The stock has a market capitalization of $11.31 billion, a P/E ratio of 22.51, a P/E/G ratio of 2.23 and a beta of 0.84. The business has a 50 day simple moving average of $74.17 and a 200-day simple moving average of $72.50.

Service Co. International (NYSE:SCI) last released its earnings results on Wednesday, July 31st. The company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.07). Service Co. International had a net margin of 12.32% and a return on equity of 32.07%. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the business posted $0.83 EPS. Service Co. International’s revenue was up 2.0% compared to the same quarter last year. On average, equities analysts anticipate that Service Co. International will post 3.52 earnings per share for the current fiscal year.

Service Co. International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a $0.30 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a yield of 1.53%. Service Co. International’s dividend payout ratio (DPR) is presently 34.48%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Oppenheimer raised their price target on Service Co. International from $76.00 to $79.00 and gave the stock an “outperform” rating in a report on Wednesday, May 22nd. StockNews.com lowered Service Co. International from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. UBS Group upped their price target on Service Co. International from $83.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Finally, Truist Financial lifted their price objective 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. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Service Co. International currently has a consensus rating of “Moderate Buy” and an average price target of $77.60.

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.