Sanctuary Advisors LLC Raises Position in Service Co. International (NYSE:SCI)

Sanctuary Advisors LLC boosted its position in Service Co. International (NYSE:SCI) by 33.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,388 shares of the company’s stock after purchasing an additional 1,594 shares during the period. Sanctuary Advisors LLC’s holdings in Service Co. International were worth $557,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Coldstream Capital Management Inc. bought a new position in shares of Service Co. International during the 3rd quarter worth $228,000. Geode Capital Management LLC lifted its holdings in Service Co. International by 5.1% during the third quarter. Geode Capital Management LLC now owns 3,211,902 shares of the company’s stock valued at $253,567,000 after purchasing an additional 156,086 shares during the last quarter. M&T Bank Corp boosted its position in Service Co. International by 1.1% during the third quarter. M&T Bank Corp now owns 11,248 shares of the company’s stock worth $888,000 after purchasing an additional 123 shares during the period. Barclays PLC increased its stake in shares of Service Co. International by 94.5% in the third quarter. Barclays PLC now owns 123,375 shares of the company’s stock worth $9,738,000 after purchasing an additional 59,956 shares in the last quarter. Finally, iSAM Funds UK Ltd raised its position in shares of Service Co. International by 17.3% in the third quarter. iSAM Funds UK Ltd now owns 8,623 shares of the company’s stock valued at $681,000 after purchasing an additional 1,272 shares during the period. 85.53% of the stock is owned by institutional investors.

Service Co. International Trading Up 0.3 %

Shares of SCI stock opened at $80.82 on Thursday. Service Co. International has a 52-week low of $64.10 and a 52-week high of $89.37. The business’s fifty day moving average is $83.41 and its 200 day moving average is $78.16. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.48 and a current ratio of 0.52. The company has a market capitalization of $11.69 billion, a PE ratio of 23.49, a price-to-earnings-growth ratio of 2.51 and a beta of 0.85.

Service Co. International (NYSE:SCI) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share for the quarter, meeting 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 firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the firm posted $0.78 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. On average, equities research analysts anticipate that Service Co. International will post 3.51 EPS for the current fiscal year.

Service Co. International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.31 dividend. This is a positive change from Service Co. International’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, December 13th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.53%. Service Co. International’s dividend payout ratio is presently 34.88%.

Insider Activity

In other news, VP Elisabeth G. Nash sold 56,100 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $86.13, for a total value of $4,831,893.00. Following the completion of the transaction, the vice president now directly owns 109,260 shares in the company, valued at approximately $9,410,563.80. This represents a 33.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tony Coelho sold 2,555 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $85.64, for a total value of $218,810.20. Following the transaction, the director now directly owns 53,324 shares in the company, valued at approximately $4,566,667.36. This represents a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 108,655 shares of company stock worth $9,356,203. 4.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. StockNews.com upgraded shares of Service Co. International from a “sell” rating to a “hold” rating in a research note on Wednesday, December 4th. Oppenheimer lifted their price target on Service Co. International from $86.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Truist Financial boosted their price objective on Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Raymond James lifted their target price on Service Co. International from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, November 1st. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $88.50.

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.