CX Institutional increased its stake in Service Co. International (NYSE:SCI – Free Report) by 9.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,414 shares of the company’s stock after purchasing an additional 1,084 shares during the period. CX Institutional’s holdings in Service Co. International were worth $883,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently changed their hold on the company. TFO Wealth Partners LLC increased its stake in Service Co. International by 12,200.0% in the fourth quarter. TFO Wealth Partners LLC now owns 369 shares of the company’s stock valued at $25,000 after acquiring an additional 366 shares in the last quarter. Rise Advisors LLC acquired a new stake in Service Co. International in the first quarter valued at $31,000. Whittier Trust Co. increased its stake in Service Co. International by 406.5% in the first quarter. Whittier Trust Co. now owns 542 shares of the company’s stock valued at $40,000 after acquiring an additional 435 shares in the last quarter. ICA Group Wealth Management LLC acquired a new stake in Service Co. International in the fourth quarter valued at about $42,000. Finally, EntryPoint Capital LLC acquired a new stake in Service Co. International during the first quarter valued at about $65,000. 85.53% of the shares are owned by hedge funds and other institutional investors.

Insiders place their bets

In related news, Director Tony Coelho sold 2,900 shares of Service Co. International stock in a transaction that occurred on Friday, June 14. The shares were sold at an average price of $72.38, for a total transaction of $209,902.00. Following the sale, the director now directly owns 60,629 shares of the company’s stock, valued at $4,388,327.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. In other news, Director Tony Coelho sold 2,900 shares of the company’s stock in a transaction that occurred on Friday, June 14. The shares were sold at an average price of $72.38, for a total transaction of $209,902.00. Following the sale, the director now directly owns 60,629 shares of the company’s stock, valued at approximately $4,388,327.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas L. Ryan sold 80,638 shares of the company’s stock in a transaction dated Wednesday, August 7. The shares were sold at an average price of $73.97, for a total transaction of $5,964,792.86. Following the sale, the CEO now directly owns 988,365 shares of the company’s stock, valued at approximately $73,109,359.05. The disclosure regarding this sale can be found here. 5.10% of the shares are currently owned by company insiders.

Changes in analyst ratings

Several equities analysts have recently commented on SCI shares. StockNews.com downgraded Service Co. International from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. UBS Group increased their price target on shares of Service Co. International from $83.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Truist Financial increased their price target on shares of Service Co. International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, June 21st. Finally, Oppenheimer increased their price target on Service Co. International from $76.00 to $79.00 and gave the company an “outperform” rating in a research note on Wednesday, May 22nd. One equities research analyst has rated the stock with a sell rating and four have given a buy rating. According to data from MarketBeat.com, Service Co. International currently has an average rating of Moderate Buy and an average price target of $77.60.

Get our latest research report on Service Co. International

Service Co. International Trading increases by 0.9%

SCI rose $0.64 in midday trading on Friday, reaching $75.04. 1,232,018 shares of the company traded hands, compared to its average volume of 925,434. Service Co. International has a 52-week low of $52.89 and a 52-week high of $80.37. The company has a debt-to-equity ratio of 3.05, a current ratio of 0.55 and a quick ratio of 0.51. The company has a 50-day moving average of $72.92 and a 200-day moving average of $71.68. The stock has a market cap of $10.84 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 2.10 and a beta of 0.84.

Service Co. International (NYSE:SCI – Get Free Report) last announced its quarterly earnings results on Wednesday, July 31. The company reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.07). The company had revenue of $1.03 billion for the quarter, compared to analyst expectations of $1.03 billion. Service Co. International posted a return on equity of 32.07% and a net margin of 12.32%. The company’s revenue grew 2.0% compared to the same quarter last year. During the same period last year, the company posted earnings per share of $0.83. On average, equities analysts expect that Service Co. International will post earnings per share of $3.52 for the current fiscal year.

Service Co. International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will receive a dividend of $0.30, which represents an annualized dividend of $1.20 and a yield of 1.60%. The ex-dividend date of this dividend is Friday, September 13th. Service Co. International’s payout ratio is currently 34.48%.

About Service Co. International

(Free report)

Service Corporation International provides funeral products and services in the United States and Canada. Funeral and cemetery operations include burial sites, cemeteries, combination funeral/cemetery sites, crematoriums and other businesses. The company also provides professional services related to funerals and cremations, including use of funeral facilities and motor vehicles, arranging and directing services, and transportation, preparation, embalming, cremation, memorialization and travel protection, and catering services.

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