ETF Managers Group LLC Has $760,000 Stock Position in Service Co. International (NYSE:SCI)

Posted by Defense World Staff on Jun 30th, 2023

ETF Managers Group LLC boosted its stake in shares of Service Co. International (NYSE:SCI – Free Report) by 1.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 11,057 shares of the company’s stock after buying an additional 165 shares during the period. ETF Managers Group LLC’s holdings in Service Co. International were worth $760,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of SCI. OLD Mission Capital LLC acquired a new stake in shares of Service Co. International in the fourth quarter valued at approximately $26,000. Accurate Wealth Management LLC acquired a new stake in shares of Service Co. International in the fourth quarter valued at approximately $27,000. Parallel Advisors LLC raised its holdings in shares of Service Co. International by 96.1% in the fourth quarter. Parallel Advisors LLC now owns 402 shares of the company’s stock valued at $28,000 after purchasing an additional 197 shares during the last quarter. Ronald Blue Trust Inc. raised its holdings in shares of Service Co. International by 127.4% in the fourth 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. Finally, U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Service Co. International in the fourth quarter valued at approximately $37,000. 86.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Service Co. International in a report on Thursday, May 18th. They issued a “hold” rating on the stock.

Insiders Place Their Bets

In other news, CEO Thomas L. Ryan sold 62,417 shares of the stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $65.54, for a total value of $4,090,810.18. Following the transaction, the chief executive officer now directly owns 962,409 shares of the company’s stock, valued at $63,076,285.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.10% of the company’s stock.

Service Co. International Stock Performance

NYSE SCI opened at $64.79 on Friday. The company has a current ratio of 0.42, a quick ratio of 0.38 and a debt-to-equity ratio of 2.67. The firm’s fifty day moving average price is $65.80 and its two-hundred day moving average price is $68.14. Service Co. International has a 1 year low of $56.85 and a 1 year high of $75.11. The firm has a market capitalization of $9.79 billion, a P/E ratio of 20.90, a price-to-earnings-growth ratio of 2.24 and a beta of 0.78.

Service Co. International (NYSE:SCI – Free Report) last posted its quarterly earnings results on Monday, May 1st. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate 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 posted $1.34 earnings per share. The company’s quarterly revenue was down 7.5% compared to the same quarter last year. As a group, research analysts anticipate that Service Co. International will post 3.51 EPS for the current year.

Service Co. International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.67%. The ex-dividend date is Wednesday, June 14th. Service Co. International’s dividend payout ratio (DPR) is currently 34.84%.

Service Co. International Company Profile

(Free Report)

Service Corporation International provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses.