Custom Index Systems LLC Has $813,000 Stock Position in Service Co. International (NYSE:SCI)

Custom Index Systems LLC raised its position in Service Co. International (NYSE:SCI) by 12.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 10,190 shares of the company’s stock after acquiring an additional 1,136 shares during the period. Custom Index Systems LLC’s holdings in Service Co. International were worth $813,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of Montreal Can grew its position in Service Co. International by 6.3% in the 2nd quarter. Bank of Montreal Can now owns 24,800 shares of the company’s stock valued at $1,810,000 after purchasing an additional 1,469 shares during the period. Marshall Wace LLP bought a new position in shares of Service Co. International in the second quarter valued at $897,000. Squarepoint Ops LLC acquired a new position in shares of Service Co. International during the second quarter valued at about $2,171,000. Millennium Management LLC increased its position in shares of Service Co. International by 646.5% during the second quarter. Millennium Management LLC now owns 267,860 shares of the company’s stock worth $19,053,000 after acquiring an additional 231,980 shares in the last quarter. Finally, Mackenzie Financial Corp acquired a new stake in shares of Service Co. International in the 2nd quarter worth about $426,000. Institutional investors own 85.53% of the company’s stock.

Service Co. International Price Performance

Service Co. International stock opened at $78.09 on Friday. The stock has a market cap of $11.29 billion, a P/E ratio of 22.70, a P/E/G ratio of 2.12 and a beta of 0.87. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.91. The company’s 50 day moving average price is $81.70 and its two-hundred day moving average price is $79.42. Service Co. International has a 52 week low of $64.10 and a 52 week high of $89.37.

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

Service Co. International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.31 dividend. This is an increase from Service Co. International’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend was Friday, December 13th. Service Co. International’s payout ratio is 34.88%.

Wall Street Analysts Forecast Growth

SCI has been the subject of a number of analyst reports. Oppenheimer lifted their price target on Service Co. International from $86.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. 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 price target on Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Raymond James raised their price objective on Service Co. International from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Service Co. International presently has a consensus rating of “Moderate Buy” and an average target price of $88.50.

Insider Activity at Service Co. International

In other news, Director Tony Coelho sold 2,555 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was 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 represents a 4.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas L. Ryan sold 50,000 shares of Service Co. International stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $86.11, for a total value of $4,305,500.00. Following the completion of the sale, the chief executive officer now directly owns 982,333 shares of the company’s stock, valued at approximately $84,588,694.63. This trade represents a 4.84 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 108,655 shares of company stock worth $9,356,203. 5.10% of the stock is owned by company insiders.

Service Co. International Profile

Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery segments. The Funeral segment offers services related to cremations, including the use of home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, memorialization, and catering.