Profund Advisors LLC Decreases Stock Position in Service Co. International (NYSE:SCI)

Posted by Defense World Staff on Apr 23rd, 2023

Profund Advisors LLC decreased its position in Service Co. International (NYSE:SCI – Get Rating) by 4.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,415 shares of the company’s stock after selling 269 shares during the quarter. Profund Advisors LLC’s holdings in Service Co. International were worth $444,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Accurate Wealth Management LLC acquired a new position in Service Co. International in the 4th quarter valued at about $27,000. Ronald Blue Trust Inc. raised its stake in Service Co. International by 127.4% in the 4th quarter. Ronald Blue Trust Inc. now owns 532 shares of the company’s stock valued at $31,000 after purchasing an additional 298 shares during the last quarter. Asset Dedication LLC acquired a new position in Service Co. International in the 4th quarter valued at about $40,000. UMB Bank n.a. raised its stake in Service Co. International by 1,076.5% in the 3rd quarter. UMB Bank n.a. now owns 600 shares of the company’s stock valued at $35,000 after purchasing an additional 549 shares during the last quarter. Finally, Ancora Advisors LLC acquired a new position in Service Co. International in the 1st quarter valued at about $44,000. Institutional investors and hedge funds own 84.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SCI. Credit Suisse Group reissued an “outperform” rating and issued a $85.00 target price on shares of Service Co. International in a research note on Thursday, February 16th. StockNews.com assumed coverage on shares of Service Co. International in a research note on Thursday, March 16th. They set a “hold” rating for the company.

Insider Transactions at Service Co. International

In other news, CEO Thomas L. Ryan sold 2,836 shares of the business’s stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $70.95, for a total transaction of $201,214.20. Following the completion of the sale, the chief executive officer now owns 962,409 shares in the company, valued at approximately $68,282,918.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Service Co. International news, COO Sumner J. Waring III sold 29,200 shares of the company’s stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $68.67, for a total value of $2,005,164.00. Following the completion of the transaction, the chief operating officer now owns 338,866 shares in the company, valued at approximately $23,269,928.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas L. Ryan sold 2,836 shares of the company’s stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of $70.95, for a total value of $201,214.20. Following the completion of the transaction, the chief executive officer now owns 962,409 shares of the company’s stock, valued at approximately $68,282,918.55. The disclosure for this sale can be found here. Company insiders own 5.10% of the company’s stock.

Service Co. International Trading Up 0.3 %

NYSE SCI opened at $70.55 on Friday. Service Co. International has a 12 month low of $56.85 and a 12 month high of $75.11. The company has a 50-day moving average of $68.48 and a 200-day moving average of $68.32. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.45 and a quick ratio of 0.41. The company has a market cap of $11.05 billion, a P/E ratio of 20.10, a P/E/G ratio of 2.45 and a beta of 0.78.

Service Co. International (NYSE:SCI – Get Rating) last posted its quarterly earnings data on Wednesday, February 15th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.12. Service Co. International had a net margin of 13.76% and a return on equity of 34.56%. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $974.69 million. During the same quarter in the prior year, the company posted $1.17 EPS. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. As a group, equities analysts predict that Service Co. International will post 3.52 earnings per share for the current year.

Service Co. International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date was Tuesday, March 14th. Service Co. International’s payout ratio is currently 30.77%.

About Service Co. International

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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.