ProVise Management Group LLC Takes Position in Service Co. International (NYSE:SCI)

ProVise Management Group LLC acquired a new stake in shares of Service Co. International (NYSE:SCI) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 3,041 shares of the company’s stock, valued at approximately $226,000.

Several other institutional investors also recently bought and sold shares of the business. Parallel Advisors LLC lifted its holdings in Service Co. International by 3.8% during the fourth quarter. Parallel Advisors LLC now owns 4,515 shares of the company’s stock worth $309,000 after buying an additional 165 shares during the period. GAMMA Investing LLC boosted its position in Service Co. International by 16.1% during the first quarter. GAMMA Investing LLC now owns 1,254 shares of the company’s stock valued at $93,000 after purchasing an additional 174 shares in the last quarter. Commerce Bank boosted its position in Service Co. International by 3.1% during the fourth quarter. Commerce Bank now owns 8,775 shares of the company’s stock valued at $601,000 after purchasing an additional 262 shares in the last quarter. National Bank of Canada FI grew its stake in Service Co. International by 0.8% in the fourth quarter. National Bank of Canada FI now owns 34,497 shares of the company’s stock valued at $2,382,000 after purchasing an additional 266 shares during the last quarter. Finally, Smithfield Trust Co raised its holdings in Service Co. International by 9.9% in the fourth quarter. Smithfield Trust Co now owns 2,975 shares of the company’s stock worth $203,000 after purchasing an additional 267 shares in the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SCI shares. Truist Financial lifted their price objective on shares of Service Co. International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, June 21st. UBS Group lifted their price target on shares of Service Co. International from $83.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Finally, Oppenheimer increased their price objective on Service Co. International from $76.00 to $79.00 and gave the company an “outperform” rating in a report on Wednesday, May 22nd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $78.00.

Service Co. International Stock Performance

Service Co. International stock traded down $0.18 during mid-day trading on Friday, reaching $74.38. 611,778 shares of the company traded hands, compared to its average volume of 868,368. The firm’s fifty day moving average is $71.47 and its two-hundred day moving average is $70.88. The company has a market capitalization of $10.83 billion, a price-to-earnings ratio of 21.37, a price-to-earnings-growth ratio of 2.03 and a beta of 0.84. Service Co. International has a fifty-two week low of $52.89 and a fifty-two week high of $76.03. The company has a debt-to-equity ratio of 2.90, a current ratio of 0.62 and a quick ratio of 0.57.

Service Co. International (NYSE:SCI) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.04. Service Co. International had a net margin of 12.73% and a return on equity of 32.23%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the company earned $0.93 earnings per share. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, equities research analysts expect that Service Co. International will post 3.66 earnings per share for the current fiscal year.

Service Co. International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a $0.30 dividend. The ex-dividend date was Friday, June 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.61%. Service Co. International’s dividend payout ratio is currently 34.48%.

Insider Buying and Selling

In other Service Co. International news, Director Tony Coelho sold 2,900 shares of Service Co. International stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $72.38, for a total transaction of $209,902.00. Following the completion of the sale, the director now directly owns 60,629 shares in the company, valued at approximately $4,388,327.02. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.10% of the stock is owned by corporate insiders.

Service Co. International 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.