Capital International Investors Grows Position in Service Co. International (NYSE:SCI)

Capital International Investors raised its holdings in shares of Service Co. International (NYSE:SCI) by 0.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,060,565 shares of the company’s stock after purchasing an additional 1,738 shares during the period. Capital International Investors owned 0.73% of Service Co. International worth $78,705,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Bridgefront Capital LLC bought a new stake in Service Co. International during the fourth quarter valued at about $852,000. Boulder Hill Capital Management LP purchased a new position in Service Co. International in the fourth quarter worth $2,492,000. International Assets Investment Management LLC lifted its holdings in shares of Service Co. International by 6,783.1% during the 4th quarter. International Assets Investment Management LLC now owns 11,839 shares of the company’s stock valued at $810,000 after purchasing an additional 11,667 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Service Co. International by 3.8% in the 4th quarter. Parallel Advisors LLC now owns 4,515 shares of the company’s stock worth $309,000 after purchasing an additional 165 shares in the last quarter. Finally, Boston Trust Walden Corp grew its stake in Service Co. International by 3.2% during the 4th quarter. Boston Trust Walden Corp now owns 673,914 shares of the company’s stock worth $46,129,000 after buying an additional 20,879 shares during the last quarter. Institutional investors own 85.53% of the company’s stock.

Wall Street Analysts Forecast Growth

SCI has been the topic of several recent research reports. Oppenheimer upped their price objective on shares of Service Co. International from $76.00 to $79.00 and gave the company an “outperform” rating in a report on Wednesday, May 22nd. Truist Financial boosted their price objective on Service Co. International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Friday, June 21st. Finally, UBS Group raised their target price on Service Co. International from $83.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, May 17th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $78.00.

Insiders Place Their Bets

In other news, Director Tony Coelho sold 2,900 shares of Service Co. International stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $72.38, for a total value of $209,902.00. Following the sale, the director now owns 60,629 shares in the company, valued at $4,388,327.02. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.10% of the stock is currently owned by company insiders.

Service Co. International Price Performance

Shares of Service Co. International stock traded up $2.39 during trading hours on Friday, reaching $77.40. The stock had a trading volume of 966,645 shares, compared to its average volume of 813,842. Service Co. International has a twelve month low of $52.89 and a twelve month high of $77.48. The company has a current ratio of 0.62, a quick ratio of 0.57 and a debt-to-equity ratio of 2.90. The firm has a market capitalization of $11.27 billion, a PE ratio of 22.24, a PEG ratio of 2.03 and a beta of 0.84. The stock’s 50 day moving average is $71.98 and its 200 day moving average is $71.14.

Service Co. International (NYSE:SCI) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.04. Service Co. International had a return on equity of 32.23% and a net margin of 12.73%. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the firm posted $0.93 EPS. Service Co. International’s quarterly revenue was up 1.6% compared to the same quarter last year. Equities analysts expect that Service Co. International will post 3.66 earnings per share for the current fiscal year.

Service Co. International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.55%. The ex-dividend date was Friday, June 14th. Service Co. International’s payout ratio is presently 34.48%.

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.