Zurcher Kantonalbank Zurich Cantonalbank Sells 785 Shares of Service Co. International (NYSE:SCI)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in Service Co. International (NYSE:SCI) by 2.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 31,999 shares of the company’s stock after selling 785 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Service Co. International were worth $2,526,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Inspire Investing LLC lifted its holdings in shares of Service Co. International by 3.1% in the 2nd quarter. Inspire Investing LLC now owns 4,969 shares of the company’s stock worth $353,000 after acquiring an additional 148 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Service Co. International by 14.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,226 shares of the company’s stock worth $87,000 after acquiring an additional 151 shares during the last quarter. UMB Bank n.a. raised its holdings in Service Co. International by 7.8% during the 3rd quarter. UMB Bank n.a. now owns 2,167 shares of the company’s stock valued at $171,000 after buying an additional 156 shares during the last quarter. Larson Financial Group LLC raised its holdings in Service Co. International by 5.6% during the 2nd quarter. Larson Financial Group LLC now owns 3,020 shares of the company’s stock valued at $215,000 after buying an additional 159 shares during the last quarter. Finally, HB Wealth Management LLC raised its holdings in Service Co. International by 3.5% during the 2nd quarter. HB Wealth Management LLC now owns 4,894 shares of the company’s stock valued at $348,000 after buying an additional 165 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors.

Service Co. International Stock Down 0.3 %

NYSE:SCI opened at $87.91 on Wednesday. The firm’s 50-day moving average price is $80.94 and its 200-day moving average price is $76.71. The company has a market capitalization of $12.71 billion, a PE ratio of 25.56, a P/E/G ratio of 2.57 and a beta of 0.85. The company has a debt-to-equity ratio of 2.91, a current ratio of 0.52 and a quick ratio of 0.48. Service Co. International has a 1-year low of $61.38 and a 1-year high of $89.37.

Service Co. International (NYSE:SCI) last released its earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.79. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.02 billion. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 EPS. On average, equities analysts predict that Service Co. International will post 3.51 EPS for the current fiscal year.

Service Co. International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.41%. This is an increase from Service Co. International’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, December 13th. Service Co. International’s dividend payout ratio is 34.88%.

Analysts Set New Price Targets

A number of research firms recently commented on SCI. Truist Financial upped their price target on shares of Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a report on Friday, November 1st. StockNews.com lowered shares of Service Co. International from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Finally, Raymond James upped their price objective on shares of Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $85.25.

Insider Activity at Service Co. International

In related news, Director Tony Coelho sold 2,555 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $85.64, for a total transaction of $218,810.20. Following the sale, the director now directly owns 53,324 shares of the company’s stock, valued at approximately $4,566,667.36. This represents a 4.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas L. Ryan sold 50,000 shares of the 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 sale, the chief executive officer now directly owns 982,333 shares in the company, valued at $84,588,694.63. This trade represents a 4.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 108,655 shares of company stock valued at $9,356,203. 4.60% of the stock is 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.