Central Pacific Bank Trust Division Has $51,000 Position in Service Co. International (NYSE:SCI)

Central Pacific Bank Trust Division decreased its position in shares of Service Co. International (NYSE:SCIFree Report) by 32.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 639 shares of the company’s stock after selling 311 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Service Co. International were worth $51,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Select Equity Group L.P. boosted its holdings in Service Co. International by 53.5% in the second quarter. Select Equity Group L.P. now owns 7,239,783 shares of the company’s stock valued at $514,966,000 after acquiring an additional 2,524,795 shares during the last quarter. FMR LLC boosted its stake in shares of Service Co. International by 300.6% in the 3rd quarter. FMR LLC now owns 4,055,823 shares of the company’s stock valued at $320,126,000 after purchasing an additional 3,043,354 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Service Co. International by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 3,211,902 shares of the company’s stock worth $253,567,000 after buying an additional 156,086 shares during the period. Swedbank AB raised its stake in shares of Service Co. International by 1.9% during the third quarter. Swedbank AB now owns 2,900,020 shares of the company’s stock worth $228,899,000 after buying an additional 55,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Service Co. International by 7.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,942,559 shares of the company’s stock valued at $138,183,000 after buying an additional 135,017 shares during the period. 85.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on SCI. StockNews.com upgraded shares of Service Co. International from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th. Truist Financial upped their price objective on Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a report on Friday, November 1st. Oppenheimer boosted their target price on Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, Raymond James increased their price target on shares of Service Co. International from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Service Co. International has a consensus rating of “Moderate Buy” and an average price target of $88.50.

View Our Latest Stock Analysis on SCI

Service Co. International Trading Up 0.4 %

NYSE SCI opened at $77.72 on Monday. Service Co. International has a one year low of $64.10 and a one year high of $89.37. The company has a debt-to-equity ratio of 2.91, a current ratio of 0.52 and a quick ratio of 0.48. The firm has a market cap of $11.24 billion, a P/E ratio of 22.59, a P/E/G ratio of 2.51 and a beta of 0.87. The stock’s 50-day moving average is $84.01 and its 200-day moving average is $78.54.

Service Co. International (NYSE:SCIGet Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.02 billion. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. During the same period last year, the company posted $0.78 EPS. The business’s quarterly revenue was up 1.2% on a year-over-year basis. Sell-side analysts anticipate that Service Co. International will post 3.51 earnings per share for the current fiscal year.

Service Co. International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend was Friday, December 13th. This is a boost from Service Co. International’s previous quarterly dividend of $0.30. Service Co. International’s dividend payout ratio is 34.88%.

Insider Buying and Selling at Service Co. International

In related news, VP Elisabeth G. Nash sold 56,100 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $86.13, for a total transaction of $4,831,893.00. Following the completion of the transaction, the vice president now owns 109,260 shares in the company, valued at approximately $9,410,563.80. This represents a 33.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Tony Coelho sold 2,555 shares of Service Co. International stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $85.64, for a total transaction of $218,810.20. Following the completion of the sale, the director now owns 53,324 shares in the company, valued at $4,566,667.36. The trade was a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 108,655 shares of company stock valued at $9,356,203 in the last 90 days. 5.10% of the stock is currently owned by company insiders.

Service Co. International Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Service Co. International (NYSE:SCI)

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