Union Bancaire Privee UBP SA Takes Position in Service Co. International (NYSE:SCI)

Union Bancaire Privee UBP SA purchased a new stake in shares of Service Co. International (NYSE:SCI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 28,239 shares of the company’s stock, valued at approximately $2,281,000.

A number of other institutional investors and hedge funds have also modified their holdings of SCI. FMR LLC grew its holdings in shares of Service Co. International by 300.6% during the third quarter. FMR LLC now owns 4,055,823 shares of the company’s stock valued at $320,126,000 after buying an additional 3,043,354 shares in the last quarter. Verition Fund Management LLC boosted its position in Service Co. International by 2,527.9% during the third quarter. Verition Fund Management LLC now owns 293,329 shares of the company’s stock valued at $23,152,000 after purchasing an additional 282,167 shares during the last quarter. Premier Fund Managers Ltd boosted its position in Service Co. International by 23.9% during the third quarter. Premier Fund Managers Ltd now owns 1,093,723 shares of the company’s stock valued at $85,721,000 after purchasing an additional 210,802 shares during the last quarter. Geode Capital Management LLC boosted its position in Service Co. International by 5.1% during the third quarter. Geode Capital Management LLC now owns 3,211,902 shares of the company’s stock valued at $253,567,000 after purchasing an additional 156,086 shares during the last quarter. Finally, Tidal Investments LLC boosted its position in Service Co. International by 4,977.3% during the third quarter. Tidal Investments LLC now owns 155,567 shares of the company’s stock valued at $12,279,000 after purchasing an additional 152,503 shares during the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Service Co. International Price Performance

Shares of NYSE:SCI opened at $78.97 on Monday. Service Co. International has a fifty-two week low of $67.19 and a fifty-two week high of $89.37. The business has a 50-day moving average of $78.80 and a two-hundred day moving average of $79.72. The stock has a market capitalization of $11.39 billion, a P/E ratio of 22.25, a P/E/G ratio of 1.90 and a beta of 0.87. The company has a debt-to-equity ratio of 2.83, a current ratio of 0.52 and a quick ratio of 0.48.

Service Co. International (NYSE:SCI) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $1.06 earnings per share for the quarter, hitting analysts’ consensus estimates 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 predict that Service Co. International will post 3.84 EPS for the current fiscal year.

Service Co. International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend 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%.

Wall Street Analysts Forecast Growth

SCI has been the subject of a number of research reports. StockNews.com raised Service Co. International from a “sell” rating to a “hold” rating in a research report on Tuesday, February 18th. Truist Financial lifted their price objective on Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Oppenheimer boosted their price target on Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, Raymond James boosted their price target on 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 currently has an average rating of “Moderate Buy” and an average price target of $88.50.

Service Co. International Company 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.