Sei Investments Co. Purchases 14,610 Shares of Service Co. International (NYSE:SCI)

Sei Investments Co. lifted its position in Service Co. International (NYSE:SCI) by 14.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 118,087 shares of the company’s stock after purchasing an additional 14,610 shares during the quarter. Sei Investments Co.’s holdings in Service Co. International were worth $8,400,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wells Fargo & Company MN increased its stake in Service Co. International by 7.9% in the 4th quarter. Wells Fargo & Company MN now owns 223,836 shares of the company’s stock worth $15,322,000 after acquiring an additional 16,355 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Service Co. International by 122.9% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 24,116 shares of the company’s stock worth $1,651,000 after purchasing an additional 13,296 shares during the last quarter. Parallel Advisors LLC raised its stake in Service Co. International by 3.8% in the fourth quarter. Parallel Advisors LLC now owns 4,515 shares of the company’s stock valued at $309,000 after purchasing an additional 165 shares in the last quarter. Allianz Asset Management GmbH lifted its position in Service Co. International by 13.9% during the fourth quarter. Allianz Asset Management GmbH now owns 91,839 shares of the company’s stock valued at $6,286,000 after purchasing an additional 11,190 shares during the last quarter. Finally, TFO Wealth Partners LLC grew its stake in Service Co. International by 12,200.0% in the 4th quarter. TFO Wealth Partners LLC now owns 369 shares of the company’s stock worth $25,000 after buying an additional 366 shares in the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Truist Financial raised their price objective on shares of 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 downgraded Service Co. International from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.60.

Insider Transactions at Service Co. International

In related news, CEO Thomas L. Ryan sold 80,638 shares of the company’s stock in a transaction 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 directly owns 988,365 shares in the company, valued at approximately $73,109,359.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Service Co. International news, Director Ellen Ochoa sold 2,642 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total transaction of $201,875.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas L. Ryan sold 80,638 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $73.97, for a total value of $5,964,792.86. Following the transaction, the chief executive officer now directly owns 988,365 shares in the company, valued at $73,109,359.05. The disclosure for this sale can be found here. Company insiders own 5.10% of the company’s stock.

Service Co. International Price Performance

SCI stock opened at $78.37 on Monday. The firm has a market cap of $11.32 billion, a P/E ratio of 22.52, a P/E/G ratio of 2.29 and a beta of 0.84. The firm’s fifty day moving average is $77.20 and its 200 day moving average is $73.44. Service Co. International has a 52 week low of $52.89 and a 52 week high of $81.32. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.51 and a current ratio of 0.55.

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

Service Co. International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Friday, September 13th. Service Co. International’s dividend payout ratio (DPR) is presently 34.48%.

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.