Service Co. International (NYSE:SCI) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its position in Service Co. International (NYSE:SCI) by 5.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,211,902 shares of the company’s stock after purchasing an additional 156,086 shares during the period. Geode Capital Management LLC owned about 2.22% of Service Co. International worth $253,567,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in shares of Service Co. International by 7.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,942,559 shares of the company’s stock worth $138,183,000 after buying an additional 135,017 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Service Co. International by 12.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 181,902 shares of the company’s stock valued at $14,358,000 after purchasing an additional 19,418 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Service Co. International in the second quarter valued at approximately $1,127,000. International Assets Investment Management LLC increased its stake in shares of Service Co. International by 7,802.1% during the 3rd quarter. International Assets Investment Management LLC now owns 7,586 shares of the company’s stock worth $599,000 after purchasing an additional 7,490 shares in the last quarter. Finally, Sei Investments Co. raised its position in shares of Service Co. International by 14.1% during the 2nd quarter. Sei Investments Co. now owns 118,087 shares of the company’s stock worth $8,400,000 after purchasing an additional 14,610 shares during the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Service Co. International Trading Down 0.1 %

NYSE SCI opened at $85.86 on Friday. The company has a 50-day moving average of $82.31 and a 200-day moving average of $77.55. 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 12 month low of $64.10 and a 12 month high of $89.37. The company has a market cap of $12.42 billion, a P/E ratio of 24.96, a P/E/G ratio of 2.51 and a beta of 0.85.

Service Co. International (NYSE:SCI) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.79. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.02 billion. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. Service Co. International’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the business earned $0.78 EPS. As a group, equities analysts predict that Service Co. International will post 3.51 earnings per share for the current year.

Service Co. International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Friday, December 13th. This is an increase from Service Co. International’s previous quarterly dividend of $0.30. Service Co. International’s payout ratio is 34.88%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. StockNews.com raised Service Co. International from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th. Truist Financial upped their target price 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. Oppenheimer lifted their price target on shares of Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Raymond James raised 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. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Service Co. International presently has an average rating of “Moderate Buy” and a consensus price target of $88.50.

Insiders Place Their Bets

In other news, VP Elisabeth G. Nash sold 56,100 shares of the business’s stock in a transaction dated 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 completion of the sale, the vice president now owns 109,260 shares in the company, valued at approximately $9,410,563.80. The trade was a 33.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tony Coelho sold 2,555 shares of the firm’s 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 completion of the transaction, the director now owns 53,324 shares in the company, valued at $4,566,667.36. The trade was a 4.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 108,655 shares of company stock worth $9,356,203 over the last three months. 5.10% 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.