Mutual of America Capital Management LLC Has $5.93 Million Holdings in Service Co. International (NYSE:SCI)

Mutual of America Capital Management LLC decreased its position in shares of Service Co. International (NYSE:SCI) by 5.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,371 shares of the company’s stock after selling 4,661 shares during the quarter. Mutual of America Capital Management LLC owned 0.06% of Service Co. International worth $5,930,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Avantax Advisory Services Inc. bought a new stake in shares of Service Co. International during the 4th quarter worth approximately $216,000. Beacon Pointe Advisors LLC acquired a new stake in shares of Service Co. International in the 4th quarter valued at $209,000. Norges Bank bought a new position in shares of Service Co. International in the 4th quarter valued at $92,331,000. Wells Fargo & Company MN raised its holdings in shares of Service Co. International by 7.9% during the 4th quarter. Wells Fargo & Company MN now owns 223,836 shares of the company’s stock worth $15,322,000 after buying an additional 16,355 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its position in shares of Service Co. International by 2,178.3% during the 4th quarter. Corient Private Wealth LLC now owns 234,484 shares of the company’s stock worth $16,050,000 after buying an additional 224,192 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on SCI. Truist Financial lifted their target price on Service Co. International from $80.00 to $84.00 and gave the company a “buy” rating in a research 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 investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat, Service Co. International presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.60.

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 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 completion of the sale, the chief executive officer now owns 988,365 shares of the company’s stock, valued at approximately $73,109,359.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Ellen Ochoa sold 2,642 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was 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 can be accessed through this link. Also, CEO Thomas L. Ryan sold 80,638 shares of the firm’s stock in a transaction that occurred on 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 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. Corporate insiders own 5.10% of the company’s stock.

Service Co. International Price Performance

Service Co. International stock opened at $79.50 on Friday. The stock has a 50-day moving average price of $76.74 and a two-hundred day moving average price of $73.33. Service Co. International has a 12 month low of $52.89 and a 12 month high of $81.32. The company has a market capitalization of $11.48 billion, a PE ratio of 22.84, a P/E/G ratio of 2.31 and a beta of 0.84. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 3.05.

Service Co. International (NYSE:SCI) last posted its earnings results on Wednesday, July 31st. The company reported $0.79 EPS for the quarter, missing the consensus estimate 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 business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the business earned $0.83 earnings per share. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. Analysts expect that Service Co. International will post 3.52 EPS for the current year.

Service Co. International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Friday, September 13th. Service Co. International’s payout ratio is presently 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.