Service Co. International (NYSE:SCI) Position Increased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. raised its stake in Service Co. International (NYSE:SCI) by 5.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,693 shares of the company’s stock after buying an additional 561 shares during the period. Crossmark Global Holdings Inc.’s holdings in Service Co. International were worth $844,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. BDF Gestion acquired a new stake in shares of Service Co. International during the second quarter worth $3,948,000. Boston Trust Walden Corp lifted its stake in Service Co. International by 2.7% during the second quarter. Boston Trust Walden Corp now owns 684,846 shares of the company’s stock valued at $48,713,000 after buying an additional 17,874 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of Service Co. International by 12.8% in the first quarter. Sei Investments Co. now owns 103,477 shares of the company’s stock worth $7,680,000 after buying an additional 11,709 shares during the period. Tidal Investments LLC purchased a new position in shares of Service Co. International in the first quarter worth approximately $917,000. Finally, State Board of Administration of Florida Retirement System raised its holdings in shares of Service Co. International by 5.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 171,697 shares of the company’s stock valued at $11,809,000 after acquiring an additional 8,656 shares during the period. Institutional investors and hedge funds own 85.53% of the company’s stock.

Insiders Place Their Bets

In other news, Director Ellen Ochoa sold 2,642 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total transaction of $201,875.22. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 5.10% of the company’s stock.

Service Co. International Trading Down 1.2 %

Service Co. International stock opened at $84.09 on Friday. Service Co. International has a 12 month low of $59.54 and a 12 month high of $88.32. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.91. The stock has a market cap of $12.16 billion, a P/E ratio of 24.44, a P/E/G ratio of 2.52 and a beta of 0.83. The company’s fifty day simple moving average is $78.83 and its 200-day simple moving average is $75.01.

Service Co. International (NYSE:SCI) last issued its earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share for the quarter, hitting the consensus estimate of $0.79. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.02 billion. Service Co. International had a return on equity of 31.84% and a net margin of 12.19%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.78 EPS. As a group, sell-side analysts forecast that Service Co. International will post 3.51 EPS for the current fiscal year.

Service Co. International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Friday, December 13th. This is a boost from Service Co. International’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a yield of 1.47%. Service Co. International’s payout ratio is 34.88%.

Analyst Upgrades and Downgrades

SCI has been the subject of a number of recent analyst reports. Raymond James raised their price objective on shares of Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. StockNews.com downgraded Service Co. International from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Finally, Truist Financial upped their price target on Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $85.25.

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.