Private Advisor Group LLC Sells 266 Shares of Service Co. International (NYSE:SCI)

Private Advisor Group LLC trimmed its holdings in shares of Service Co. International (NYSE:SCI) by 4.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,556 shares of the company’s stock after selling 266 shares during the period. Private Advisor Group LLC’s holdings in Service Co. International were worth $438,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. BDF Gestion acquired a new position in shares of Service Co. International during the 2nd quarter worth about $3,948,000. Boston Trust Walden Corp lifted its stake in Service Co. International by 2.7% in the 2nd quarter. Boston Trust Walden Corp now owns 684,846 shares of the company’s stock valued at $48,713,000 after purchasing an additional 17,874 shares during the last quarter. Sei Investments Co. lifted its stake in Service Co. International by 12.8% in the 1st quarter. Sei Investments Co. now owns 103,477 shares of the company’s stock valued at $7,680,000 after purchasing an additional 11,709 shares during the last quarter. Tidal Investments LLC acquired a new stake in Service Co. International in the 1st quarter valued at about $917,000. Finally, State Board of Administration of Florida Retirement System lifted its stake in Service Co. International by 5.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 171,697 shares of the company’s stock valued at $11,809,000 after purchasing an additional 8,656 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SCI has been the subject of several research reports. Raymond James raised their price objective on shares of Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday. Truist Financial raised their price objective 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. Finally, StockNews.com upgraded shares of Service Co. International from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $85.25.

Service Co. International Stock Up 0.7 %

Shares of SCI opened at $82.17 on Tuesday. Service Co. International has a 12 month low of $57.03 and a 12 month high of $83.26. The firm’s 50 day moving average is $77.75 and its 200-day moving average is $74.28. The stock has a market capitalization of $11.87 billion, a PE ratio of 23.89, a P/E/G ratio of 2.36 and a beta of 0.83. The company has a current ratio of 0.52, a quick ratio of 0.51 and a debt-to-equity ratio of 2.91.

Service Co. International (NYSE:SCI) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.79. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $0.78 earnings per share. Equities research analysts forecast that Service Co. International will post 3.51 EPS for the current year.

Service Co. International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $0.30 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a yield of 1.46%. Service Co. International’s dividend payout ratio (DPR) is 34.88%.

Insider Activity at Service Co. International

In other Service Co. International news, CEO Thomas L. Ryan sold 80,638 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now owns 988,365 shares of the company’s stock, valued at approximately $73,109,359.05. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Ellen Ochoa sold 2,642 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total value of $201,875.22. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Thomas L. Ryan sold 80,638 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $73.97, for a total value of $5,964,792.86. Following the completion of the transaction, the chief executive officer now directly owns 988,365 shares in the company, valued at $73,109,359.05. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by insiders.

About Service Co. International

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.