Atria Investments Inc Sells 1,567 Shares of Service Co. International (NYSE:SCI)

Atria Investments Inc lowered its position in Service Co. International (NYSE:SCI) by 23.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,992 shares of the company’s stock after selling 1,567 shares during the period. Atria Investments Inc’s holdings in Service Co. International were worth $394,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SCI. Swedbank AB bought a new position in shares of Service Co. International in the 1st quarter worth approximately $224,137,000. Select Equity Group L.P. raised its position in shares of Service Co. International by 53.5% in the 2nd quarter. Select Equity Group L.P. now owns 7,239,783 shares of the company’s stock worth $514,966,000 after acquiring an additional 2,524,795 shares in the last quarter. Millennium Management LLC raised its position in shares of Service Co. International by 646.5% in the 2nd quarter. Millennium Management LLC now owns 267,860 shares of the company’s stock worth $19,053,000 after acquiring an additional 231,980 shares in the last quarter. Lombard Odier Asset Management Europe Ltd bought a new position in shares of Service Co. International in the 2nd quarter worth approximately $14,226,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Service Co. International by 7.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,942,559 shares of the company’s stock worth $138,183,000 after acquiring an additional 135,017 shares in the last quarter. Institutional investors own 85.53% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Raymond James raised their price objective on Service Co. International from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. StockNews.com lowered Service Co. International from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. Finally, Truist Financial raised their price objective 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 analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $85.25.

Service Co. International Stock Performance

Shares of SCI opened at $86.11 on Friday. The business’s fifty day simple moving average is $79.46 and its two-hundred day simple moving average is $75.51. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.91. Service Co. International has a 12 month low of $60.23 and a 12 month high of $88.32. The company has a market cap of $12.45 billion, a price-to-earnings ratio of 25.02, a P/E/G ratio of 2.51 and a beta of 0.83.

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

Service Co. International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.31 dividend. This is an increase from Service Co. International’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Friday, December 13th. Service Co. International’s dividend payout ratio (DPR) is 34.88%.

Insider Transactions at Service Co. International

In other news, VP Elisabeth G. Nash sold 56,100 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $86.13, for a total value of $4,831,893.00. Following the transaction, the vice president now directly owns 109,260 shares in the company, valued at $9,410,563.80. This trade represents a 33.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 5.10% of the company’s stock.

About Service Co. International

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.