Service Co. International (NYSE:SCI) Shares Bought by Commonwealth Equity Services LLC

Posted by Defense World Staff on May 18th, 2023

Commonwealth Equity Services LLC raised its stake in Service Co. International (NYSE:SCI – Get Rating) by 14.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,529 shares of the company’s stock after buying an additional 3,341 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Service Co. International were worth $1,834,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Samson Rock Capital LLP acquired a new position in Service Co. International in the fourth quarter valued at about $726,000. Symmetry Investments LP purchased a new stake in Service Co. International during the fourth quarter worth about $1,307,000. Synovus Financial Corp increased its stake in Service Co. International by 3.3% during the fourth quarter. Synovus Financial Corp now owns 5,720 shares of the company’s stock worth $395,000 after purchasing an additional 182 shares during the period. Parallel Advisors LLC increased its stake in Service Co. International by 96.1% during the fourth quarter. Parallel Advisors LLC now owns 402 shares of the company’s stock worth $28,000 after purchasing an additional 197 shares during the period. Finally, Asset Management One Co. Ltd. increased its stake in Service Co. International by 9.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 12,043 shares of the company’s stock worth $840,000 after purchasing an additional 990 shares during the period. Institutional investors and hedge funds own 84.68% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on SCI shares. Credit Suisse Group reiterated an “outperform” rating and set a $85.00 price target on shares of Service Co. International in a research note on Thursday, February 16th. StockNews.com started coverage on shares of Service Co. International in a research note on Thursday. They set a “hold” rating on the stock.

Insider Buying and Selling

In related 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 directly owns 338,866 shares of the company’s stock, valued at $23,269,928.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related 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 directly owns 338,866 shares of the company’s stock, valued at $23,269,928.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas L. Ryan sold 2,836 shares of the company’s stock in a transaction that occurred on Thursday, February 23rd. The shares were 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 directly owns 962,409 shares of the company’s stock, valued at $68,282,918.55. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

Service Co. International Stock Up 0.6 %

SCI stock opened at $65.39 on Thursday. The company’s 50 day moving average price is $67.82 and its 200 day moving average price is $69.19. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.38 and a current ratio of 0.42. Service Co. International has a fifty-two week low of $56.85 and a fifty-two week high of $75.11. The firm has a market capitalization of $9.89 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 2.30 and a beta of 0.78.

Service Co. International (NYSE:SCI – Get Rating) last released its earnings results on Monday, May 1st. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. Service Co. International had a net margin of 12.19% and a return on equity of 31.30%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the firm earned $1.34 earnings per share. The business’s quarterly revenue was down 7.5% compared to the same quarter last year. On average, equities research analysts anticipate that Service Co. International will post 3.52 EPS for the current fiscal year.

Service Co. International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be paid a dividend of $0.27 per share. The ex-dividend date is Wednesday, June 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.65%. Service Co. International’s payout ratio is 34.84%.

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.