Pitcairn Co. Cuts Holdings in Service Co. International (NYSE:SCI)

Pitcairn Co. decreased its position in Service Co. International (NYSE:SCI) by 10.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,068 shares of the company’s stock after selling 2,975 shares during the period. Pitcairn Co.’s holdings in Service Co. International were worth $2,058,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. nVerses Capital LLC increased its position in shares of Service Co. International by 100.0% during the second quarter. nVerses Capital LLC now owns 400 shares of the company’s stock valued at $28,000 after acquiring an additional 200 shares during the last quarter. Blue Trust Inc. increased its position in shares of Service Co. International by 121.9% during the 2nd quarter. Blue Trust Inc. now owns 708 shares of the company’s stock valued at $53,000 after purchasing an additional 389 shares during the last quarter. Quarry LP raised its stake in shares of Service Co. International by 258.6% during the 2nd quarter. Quarry LP now owns 789 shares of the company’s stock worth $56,000 after purchasing an additional 569 shares during the period. Waldron Private Wealth LLC purchased a new position in shares of Service Co. International in the 3rd quarter worth about $57,000. Finally, EntryPoint Capital LLC bought a new position in Service Co. International during the first quarter valued at about $65,000. Institutional investors own 85.53% of the company’s stock.

Service Co. International Stock Up 1.3 %

SCI opened at $87.24 on Friday. Service Co. International has a 12 month low of $60.60 and a 12 month high of $88.32. The company has a market cap of $12.62 billion, a PE ratio of 25.36, a price-to-earnings-growth ratio of 2.52 and a beta of 0.83. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.91. The company has a 50 day moving average of $79.73 and a 200 day moving average of $75.72.

Service Co. International (NYSE:SCI) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, hitting analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the company earned $0.78 earnings per share. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, sell-side analysts expect that Service Co. International will post 3.51 EPS for the current year.

Service Co. International Increases Dividend

The company 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 represents a $1.24 dividend on an annualized basis and a dividend yield of 1.42%. This is an increase from Service Co. International’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, December 13th. Service Co. International’s dividend payout ratio is presently 34.88%.

Insider Activity

In other Service Co. International news, CEO Thomas L. Ryan sold 50,000 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $86.11, for a total value of $4,305,500.00. Following the sale, the chief executive officer now owns 982,333 shares of the company’s stock, valued at $84,588,694.63. This trade represents a 4.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Elisabeth G. Nash sold 56,100 shares of the business’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 transaction, the vice president now directly owns 109,260 shares of the company’s stock, valued at $9,410,563.80. The trade was a 33.93 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 108,655 shares of company stock worth $9,356,203. 5.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

SCI has been the topic of several research reports. StockNews.com lowered shares of Service Co. International from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. 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 research note on Friday, November 1st. Finally, Raymond James raised their target price on Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $85.25.

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.