Northwest & Ethical Investments L.P. Has $3.11 Million Stock Holdings in Service Co. International (NYSE:SCI)

Northwest & Ethical Investments L.P. trimmed its holdings in shares of Service Co. International (NYSE:SCI) by 6.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 39,342 shares of the company’s stock after selling 2,830 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Service Co. International were worth $3,105,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. nVerses Capital LLC lifted its holdings in shares of Service Co. International by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 400 shares of the company’s stock worth $28,000 after acquiring an additional 200 shares during the period. Blue Trust Inc. lifted its holdings in shares of Service Co. International by 121.9% during the 2nd quarter. Blue Trust Inc. now owns 708 shares of the company’s stock worth $53,000 after acquiring an additional 389 shares during the period. Quarry LP lifted its holdings in shares of Service Co. International by 258.6% during the 2nd quarter. Quarry LP now owns 789 shares of the company’s stock worth $56,000 after acquiring an additional 569 shares during the period. Waldron Private Wealth LLC bought a new position in shares of Service Co. International during the 3rd quarter worth about $57,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Service Co. International by 36.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 926 shares of the company’s stock worth $73,000 after acquiring an additional 249 shares during the period. 85.53% of the stock is owned by institutional investors.

Insider Transactions at Service Co. International

In related news, Director Tony Coelho sold 2,555 shares of Service Co. International stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $85.64, for a total transaction of $218,810.20. Following the transaction, the director now owns 53,324 shares of the company’s stock, valued at $4,566,667.36. This trade represents a 4.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Elisabeth G. Nash sold 56,100 shares of Service Co. International stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $86.13, for a total transaction of $4,831,893.00. Following the transaction, the vice president now directly owns 109,260 shares in the company, valued at $9,410,563.80. The trade was a 33.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 108,655 shares of company stock worth $9,356,203 in the last quarter. 5.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on SCI shares. Truist Financial increased their target price 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, November 1st. Raymond James increased their target price 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, November 1st. Finally, StockNews.com cut shares of Service Co. International from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $85.25.

Service Co. International Stock Up 0.4 %

Shares of NYSE:SCI opened at $88.60 on Friday. Service Co. International has a one year low of $60.60 and a one year high of $89.31. The company has a 50 day moving average of $80.41 and a 200-day moving average of $76.25. The company has a debt-to-equity ratio of 2.91, a current ratio of 0.52 and a quick ratio of 0.48. The stock has a market cap of $12.81 billion, a price-to-earnings ratio of 25.76, a P/E/G ratio of 2.59 and a beta of 0.83.

Service Co. International (NYSE:SCI) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the company earned $0.78 EPS. Service Co. International’s revenue was up 1.2% on a year-over-year basis. On average, sell-side analysts forecast that Service Co. International will post 3.51 earnings per share for the current year.

Service Co. International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.31 per share. This is a boost from Service Co. International’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, December 13th. This represents a $1.24 annualized dividend and a dividend yield of 1.40%. Service Co. International’s payout ratio is currently 34.88%.

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.