Creative Planning cut its position in Service Co. International (NYSE:SCI – Free Report) by 1.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,899 shares of the company’s stock after selling 203 shares during the quarter. Creative Planning’s holdings in Service Co. International were worth $1,091,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also bought and sold shares of the company. Argent Capital Management LLC lifted its stake in Service Co. International by 0.4% in the 1st quarter. Argent Capital Management LLC now owns 40,332 shares of the company’s stock worth $2,774,000 after purchasing an additional 154 shares in the last quarter. ETF Managers Group LLC lifted its stake in Service Co. International by 1.5% in the 1st quarter. ETF Managers Group LLC now owns 11,057 shares of the company’s stock worth $760,000 after purchasing an additional 165 shares in the last quarter. Belpointe Asset Management LLC lifted its stake in Service Co. International by 23.1% in the 1st quarter. Belpointe Asset Management LLC now owns 960 shares of the company’s stock worth $66,000 after purchasing an additional 180 shares in the last quarter. Private Advisor Group LLC lifted its stake in Service Co. International by 2.2% in the 1st quarter. Private Advisor Group LLC now owns 8,269 shares of the company’s stock worth $544,000 after purchasing an additional 181 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in Service Co. International by 2.1% in the 1st quarter. Empowered Funds LLC now owns 9,045 shares of the company’s stock worth $622,000 after purchasing an additional 182 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on SCI shares. Raymond James lowered their target price on shares of Service Co. International from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 3rd. Oppenheimer decreased their price target on shares of Service Co. International from $74.00 to $65.00 and set an “outperform” rating on the stock in a report on Wednesday. Credit Suisse Group decreased their price target on shares of Service Co. International from $85.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, August 3rd. StockNews.com started coverage on shares of Service Co. International in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Finally, Bank of America decreased their price target on shares of Service Co. International from $80.00 to $70.00 in a report on Tuesday, October 10th.
Insider Activity at Service Co. International
In related news, CEO Thomas L. Ryan sold 47,310 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $65.37, for a total transaction of $3,092,654.70. Following the transaction, the chief executive officer now owns 962,409 shares of the company’s stock, valued at approximately $62,912,676.33. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Service Co. International news, CEO Thomas L. Ryan sold 1,000 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $65.31, for a total value of $65,310.00. Following the sale, the chief executive officer now owns 962,409 shares of the company’s stock, valued at approximately $62,854,931.79. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Thomas L. Ryan sold 47,310 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $65.37, for a total transaction of $3,092,654.70. Following the completion of the sale, the chief executive officer now directly owns 962,409 shares in the company, valued at approximately $62,912,676.33. The disclosure for this sale can be found here. 5.10% of the stock is owned by insiders.
Service Co. International Price Performance
Shares of NYSE:SCI opened at $53.84 on Friday. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.47 and a quick ratio of 0.42. Service Co. International has a one year low of $53.25 and a one year high of $74.66. The company’s fifty day moving average price is $60.16 and its 200-day moving average price is $64.36. The firm has a market capitalization of $8.12 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 2.06 and a beta of 0.78.
Service Co. International (NYSE:SCI – Get Free Report) last released its earnings results on Tuesday, August 1st. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.81 by $0.02. Service Co. International had a net margin of 12.11% and a return on equity of 31.72%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $986.10 million. During the same quarter last year, the firm earned $0.84 EPS. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, equities research analysts anticipate that Service Co. International will post 3.45 earnings per share for the current fiscal year.
Service Co. International Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.56 annualized dividend and a dividend yield of 2.90%. This is a positive change from Service Co. International’s previous quarterly dividend of $0.27. Service Co. International’s dividend payout ratio (DPR) is currently 36.94%.
Service Co. International Profile
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.
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