2 weeks Ago By ABMN Staff
Canada Pension Plan Investment Board lowered its position in shares of Service Co. International ( NYSE:SCI – Free Report ) by 87.4% during the second quarter, according to its most recent Form 13F filing with the SEC.
The institutional investor owned 1,900 shares of the company’s stock after selling 13,200 shares during the period. Canada Pension Plan Investment Board’s holdings in Service Co. International were worth $135,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Bridgefront Capital LLC acquired a new stake in shares of Service Co. International during the fourth quarter worth about $852,000.
Parallel Advisors LLC increased its position in shares of Service Co. International by 3.8% during the fourth quarter.
Parallel Advisors LLC now owns 4,515 shares of the company’s stock worth $309,000 after purchasing an additional 165 shares in the last quarter. BDF Gestion acquired a new position in Service Co. International in the 2nd quarter valued at about $3,948,000.
Diversify Advisory Services LLC acquired a new position in Service Co. International in the 1st quarter valued at about $865,000. Finally, Boston Trust Walden Corp increased its position in Service Co.
International by 2.7% in the 2nd quarter. Boston Trust Walden Corp now owns 684,846 shares of the company’s stock valued at $48,713,000 after acquiring an additional 17,874 shares during the period.
Institutional investors and hedge funds own 85.53% of the company’s stock. Wall Street Analysts Forecast Growth SCI has been the topic of several recent research reports.
StockNews.com cut Service Co. International from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st.
Truist Financial boosted their price target 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. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat.
com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $77.60. Service Co.
International Stock Performance NYSE SCI opened at $78.37 on Friday. The company has a current ratio of 0.
55, a quick ratio of 0.51 and a debt-to-equity ratio of 3.05.
The business’s 50 day moving average is $77.20 and its two-hundred day moving average is $73.46.
Service Co. International has a 12-month low of $52.89 and a 12-month high of $81.
32. The stock has a market capitalization of $11.32 billion, a price-to-earnings ratio of 22.
52, a PEG ratio of 2.29 and a beta of 0.84.
Service Co. International ( NYSE:SCI – Get Free Report ) last released its earnings results on Wednesday, July 31st. The company reported $0.
79 earnings per share (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 previous year, the firm posted $0.83 EPS.
The business’s revenue for the quarter was up 2.0% on a year-over-year basis. Research analysts expect that Service Co.
International will post 3.52 EPS for the current year. Service Co.
International Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.30 per share.
This represents a $1.20 annualized dividend and a yield of 1.53%.
The ex-dividend date of this dividend is Friday, September 13th. Service Co. International’s payout ratio is 34.
48%. Insiders Place Their Bets In other news, Director Ellen Ochoa sold 2,642 shares of the business’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 sale was disclosed in a document filed with the SEC, which is available at the SEC website .
In other news, CEO Thomas L. Ryan sold 80,638 shares of the business’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 transaction of $5,964,792.86. Following the sale, the chief executive officer now owns 988,365 shares of the company’s stock, valued at approximately $73,109,359.
05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink . Also, Director Ellen Ochoa sold 2,642 shares of the business’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 value of $201,875.22.
The disclosure for this sale can be found here . 5.10% of the stock is currently owned by insiders.
About Service Co. International ( 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. Further Reading Want to see what other hedge funds are holding SCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Service Co.
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