Procyon Advisors LLC Reduces Stake in Service Co. International (NYSE:SCI)

Procyon Advisors LLC reduced its stake in Service Co. International (NYSE:SCI) by 7.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,622 shares of the company’s stock after selling 599 shares during the quarter. Procyon Advisors LLC’s holdings in Service Co. International were worth $601,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of SCI. nVerses Capital LLC lifted its stake in shares of Service Co. International by 100.0% in the 2nd quarter. nVerses Capital LLC now owns 400 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares during the last quarter. Rise Advisors LLC acquired a new position in shares of Service Co. International in the 1st quarter valued at $31,000. Whittier Trust Co. lifted its stake in shares of Service Co. International by 406.5% in the 1st quarter. Whittier Trust Co. now owns 542 shares of the company’s stock valued at $40,000 after purchasing an additional 435 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Service Co. International by 121.9% in the 2nd quarter. Blue Trust Inc. now owns 708 shares of the company’s stock valued at $53,000 after purchasing an additional 389 shares during the last quarter. Finally, Quarry LP lifted its stake in Service Co. International by 258.6% during the 2nd quarter. Quarry LP now owns 789 shares of the company’s stock worth $56,000 after acquiring an additional 569 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Insider Buying and Selling at Service Co. International

In other Service Co. International news, CEO Thomas L. Ryan sold 80,638 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $73.97, for a total value of $5,964,792.86. Following the sale, the chief executive officer now owns 988,365 shares of the company’s stock, valued at $73,109,359.05. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Thomas L. Ryan sold 80,638 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $73.97, for a total value of $5,964,792.86. Following the transaction, the chief executive officer now owns 988,365 shares in the company, valued at approximately $73,109,359.05. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ellen Ochoa sold 2,642 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total value of $201,875.22. The disclosure for this sale can be found here. 5.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. StockNews.com lowered Service Co. International from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Truist Financial increased their target price on Service Co. International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, June 21st.

Service Co. International Price Performance

SCI opened at $75.42 on Wednesday. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 3.05. The firm has a market cap of $10.89 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 2.15 and a beta of 0.84. The stock’s 50-day moving average price is $77.21 and its 200 day moving average price is $73.65. Service Co. International has a 12-month low of $52.89 and a 12-month high of $81.32.

Service Co. International (NYSE:SCI) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.07). The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.03 billion. Service Co. International had a net margin of 12.32% and a return on equity of 32.07%. Service Co. International’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.83 EPS. As a group, sell-side analysts expect that Service Co. International will post 3.52 earnings per share for the current year.

Service Co. International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Friday, September 13th. Service Co. International’s dividend payout ratio is currently 34.99%.

Service Co. International Company Profile

Service Corporation International provides deathcare products and services in the United States and Canada. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses. The company also provides professional services related to funerals and cremations, including the use of funeral home facilities and motor vehicles; arranging and directing services; and removal, preparation, embalming, cremation, memorialization, and travel protection, as well as catering services.