Service Co. International (NYSE:SCI) Shares Sold by Avior Wealth Management LLC

Avior Wealth Management LLC reduced its position in shares of Service Co. International (NYSE:SCI) by 35.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 389 shares of the company’s stock after selling 218 shares during the period. Avior Wealth Management LLC’s holdings in Service Co. International were worth $31,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SCI. nVerses Capital LLC raised its position in shares of Service Co. International by 75.0% during the 3rd quarter. nVerses Capital LLC now owns 700 shares of the company’s stock valued at $55,000 after acquiring an additional 300 shares in the last quarter. Quarry LP raised its position in shares of Service Co. International by 258.6% during the 2nd quarter. Quarry LP now owns 789 shares of the company’s stock valued at $56,000 after acquiring an additional 569 shares in the last quarter. Waldron Private Wealth LLC acquired a new stake in shares of Service Co. International during the 3rd quarter valued at approximately $57,000. Farther Finance Advisors LLC raised its position in shares of Service Co. International by 36.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 926 shares of the company’s stock valued at $73,000 after acquiring an additional 249 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new position in Service Co. International during the 3rd quarter worth $80,000. 85.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Service Co. International

In related news, Director Tony Coelho sold 2,555 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $85.64, for a total transaction of $218,810.20. Following the completion of the transaction, the director now owns 53,324 shares of the company’s stock, valued at $4,566,667.36. This trade represents a 4.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Thomas L. Ryan sold 50,000 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $86.11, for a total value of $4,305,500.00. Following the transaction, the chief executive officer now directly owns 982,333 shares of the company’s stock, valued at $84,588,694.63. This represents a 4.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 108,655 shares of company stock valued at $9,356,203 over the last 90 days. 5.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SCI has been the subject of a number of recent research reports. Raymond James upped their price objective on Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Truist Financial upped their price objective on Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Oppenheimer upped their price objective on Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Finally, StockNews.com upgraded Service Co. International from a “sell” rating to a “hold” rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $88.50.

Service Co. International Trading Up 0.4 %

NYSE:SCI opened at $81.12 on Thursday. Service Co. International has a 1 year low of $64.10 and a 1 year high of $89.37. The stock has a market cap of $11.73 billion, a price-to-earnings ratio of 23.58, a PEG ratio of 2.02 and a beta of 0.87. The business has a fifty day moving average of $82.03 and a 200-day moving average of $79.38. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.48 and a current ratio of 0.52.

Service Co. International (NYSE:SCI) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, hitting 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 company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the business posted $0.78 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. Equities analysts predict that Service Co. International will post 3.51 earnings per share for the current year.

Service Co. International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.24 annualized dividend and a yield of 1.53%. This is a boost from Service Co. International’s previous quarterly dividend of $0.30. Service Co. International’s dividend payout ratio (DPR) is currently 34.88%.

Service Co. International Company Profile

Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery segments. The Funeral segment offers services related to cremations, including the use of home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, memorialization, and catering.