XTX Topco Ltd Acquires 12,656 Shares of Service Co. International (NYSE:SCI)

XTX Topco Ltd boosted its holdings in shares of Service Co. International (NYSE:SCI) by 125.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,735 shares of the company’s stock after purchasing an additional 12,656 shares during the quarter. XTX Topco Ltd’s holdings in Service Co. International were worth $1,617,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Swedbank AB purchased a new stake in Service Co. International during the 1st quarter valued at approximately $224,137,000. Dimensional Fund Advisors LP grew its stake in Service Co. International by 7.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,942,559 shares of the company’s stock valued at $138,183,000 after acquiring an additional 135,017 shares in the last quarter. Coho Partners Ltd. increased its holdings in Service Co. International by 10.6% in the 1st quarter. Coho Partners Ltd. now owns 1,685,111 shares of the company’s stock valued at $125,052,000 after acquiring an additional 161,570 shares during the last quarter. Norges Bank purchased a new stake in Service Co. International in the 4th quarter worth $92,331,000. Finally, Premier Fund Managers Ltd boosted its holdings in shares of Service Co. International by 0.7% during the 4th quarter. Premier Fund Managers Ltd now owns 802,004 shares of the company’s stock valued at $55,030,000 after purchasing an additional 5,693 shares during the last quarter. Institutional investors own 85.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Truist Financial lifted their target price on Service Co. International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, June 21st. StockNews.com lowered shares of Service Co. International from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Service Co. International presently has an average rating of “Moderate Buy” and an average price target of $77.60.

Insider Buying and Selling at Service Co. International

In other news, CEO Thomas L. Ryan sold 80,638 shares of Service Co. International stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $73.97, for a total transaction of $5,964,792.86. Following the completion of the sale, the chief executive officer now directly owns 988,365 shares in the company, valued at $73,109,359.05. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Service Co. International news, Director Ellen Ochoa sold 2,642 shares of the company’s 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Thomas L. Ryan sold 80,638 shares of Service Co. International stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $73.97, for a total transaction of $5,964,792.86. Following the sale, the chief executive officer now directly owns 988,365 shares of the company’s stock, valued at approximately $73,109,359.05. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by corporate insiders.

Service Co. International Price Performance

NYSE:SCI opened at $79.75 on Friday. The firm has a market capitalization of $11.52 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 2.31 and a beta of 0.84. 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 business has a 50 day simple moving average of $76.58 and a 200-day simple moving average of $73.29. Service Co. International has a 1 year low of $52.89 and a 1 year high of $81.32.

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

Service Co. International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Friday, September 13th. Service Co. International’s payout ratio is currently 34.48%.

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.