SG Americas Securities LLC Sells 1,474 Shares of Service Co. International (NYSE:SCI)

SG Americas Securities LLC trimmed its stake in Service Co. International (NYSE:SCI) by 9.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 14,370 shares of the company’s stock after selling 1,474 shares during the quarter. SG Americas Securities LLC’s holdings in Service Co. International were worth $1,134,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Groupama Asset Managment purchased a new stake in Service Co. International during the 4th quarter valued at about $10,280,000. Aurora Investment Counsel bought a new stake in shares of Service Co. International during the fourth quarter valued at approximately $490,000. Quarry LP raised its holdings in Service Co. International by 369.1% in the 4th quarter. Quarry LP now owns 1,323 shares of the company’s stock worth $91,000 after acquiring an additional 1,041 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Service Co. International by 17.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 310,134 shares of the company’s stock valued at $21,229,000 after acquiring an additional 46,217 shares in the last quarter. Finally, Creekmur Asset Management LLC purchased a new stake in Service Co. International during the 4th quarter valued at $167,000. 85.53% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Ellen Ochoa sold 2,642 shares of Service Co. International 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Ellen Ochoa sold 2,642 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total transaction of $201,875.22. The sale 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 dated 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 completion of the sale, the chief executive officer now owns 988,365 shares in the company, valued at $73,109,359.05. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.10% of the company’s stock.

Service Co. International Stock Performance

SCI stock opened at $74.74 on Friday. The stock’s fifty day moving average price is $77.08 and its 200-day moving average price is $73.62. Service Co. International has a 1 year low of $52.89 and a 1 year high of $81.32. 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 company has a market cap of $10.79 billion, a P/E ratio of 21.48, a price-to-earnings-growth ratio of 2.19 and a beta of 0.84.

Service Co. International (NYSE:SCI) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.07). The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate 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 revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.83 earnings per share. On average, equities analysts forecast that Service Co. International will post 3.52 earnings per share for the current year.

Service Co. International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend was Friday, September 13th. Service Co. International’s payout ratio is 34.48%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Truist Financial boosted their price target on Service Co. International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, June 21st. StockNews.com cut shares of Service Co. International from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st.

Service Co. International 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.