Service Co. International (NYSE:SCI) Shares Sold by Ascent Wealth Partners LLC

Ascent Wealth Partners LLC decreased its holdings in shares of Service Co. International (NYSE:SCI) by 1.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,798 shares of the company’s stock after selling 150 shares during the period. Ascent Wealth Partners LLC’s holdings in Service Co. International were worth $702,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Franklin Resources Inc. grew its holdings in shares of Service Co. International by 263.1% in the 3rd quarter. Franklin Resources Inc. now owns 15,912 shares of the company’s stock worth $1,206,000 after acquiring an additional 11,530 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Service Co. International by 12.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 181,902 shares of the company’s stock worth $14,358,000 after acquiring an additional 19,418 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Service Co. International by 7,802.1% in the 3rd quarter. International Assets Investment Management LLC now owns 7,586 shares of the company’s stock worth $599,000 after acquiring an additional 7,490 shares during the period. Geode Capital Management LLC grew its holdings in shares of Service Co. International by 5.1% in the 3rd quarter. Geode Capital Management LLC now owns 3,211,902 shares of the company’s stock worth $253,567,000 after acquiring an additional 156,086 shares during the period. Finally, Premier Fund Managers Ltd grew its holdings in shares of Service Co. International by 23.9% in the 3rd quarter. Premier Fund Managers Ltd now owns 1,093,723 shares of the company’s stock worth $85,721,000 after acquiring an additional 210,802 shares during the period. Institutional investors and hedge funds own 85.53% of the company’s stock.

Wall Street Analysts Forecast Growth

SCI has been the topic of a number of research reports. Raymond James upped their price target on Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. StockNews.com upgraded Service Co. International from a “sell” rating to a “hold” rating in a report on Tuesday, February 18th. Truist Financial increased their target price on Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Oppenheimer increased their target price on Service Co. International from $86.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, December 13th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $88.50.

Service Co. International Trading Up 0.4 %

Shares of SCI opened at $78.97 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.83. The firm has a market capitalization of $11.39 billion, a P/E ratio of 22.25, a price-to-earnings-growth ratio of 1.90 and a beta of 0.87. The stock’s fifty day simple moving average is $78.80 and its 200 day simple moving average is $79.68. Service Co. International has a twelve month low of $67.19 and a twelve month high of $89.37.

Service Co. International (NYSE:SCI) last issued its earnings results on Wednesday, February 12th. The company reported $1.06 earnings per share for the quarter, hitting the consensus estimate of $1.06. Service Co. International had a return on equity of 32.18% and a net margin of 12.39%. On average, equities research analysts forecast that Service Co. International will post 3.84 earnings per share for the current year.

Service Co. International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Friday, March 14th. This is a boost from Service Co. International’s previous quarterly dividend of $0.31. Service Co. International’s payout ratio is currently 33.80%.

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.