Perfromance Wealth Partners LLC Purchases 3,011 Shares of Service Co. International (NYSE:SCI)

Perfromance Wealth Partners LLC grew its holdings in Service Co. International (NYSE:SCI) by 100.4% during the fourth quarter, Holdings Channel reports. The firm owned 6,011 shares of the company’s stock after acquiring an additional 3,011 shares during the quarter. Perfromance Wealth Partners LLC’s holdings in Service Co. International were worth $480,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC increased its holdings in Service Co. International by 300.6% during the 3rd quarter. FMR LLC now owns 4,055,823 shares of the company’s stock worth $320,126,000 after purchasing an additional 3,043,354 shares in the last quarter. Select Equity Group L.P. lifted its stake 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 purchasing an additional 2,524,795 shares during the last quarter. Verition Fund Management LLC lifted its position in shares of Service Co. International by 2,527.9% during the third quarter. Verition Fund Management LLC now owns 293,329 shares of the company’s stock worth $23,152,000 after acquiring an additional 282,167 shares in the last quarter. Millennium Management LLC lifted its position in shares of Service Co. International by 646.5% during the second quarter. Millennium Management LLC now owns 267,860 shares of the company’s stock worth $19,053,000 after acquiring an additional 231,980 shares in the last quarter. Finally, Premier Fund Managers Ltd lifted its position in shares of Service Co. International by 23.9% during the third quarter. Premier Fund Managers Ltd now owns 1,093,723 shares of the company’s stock worth $85,721,000 after acquiring an additional 210,802 shares in the last quarter. 85.53% of the stock is owned by institutional investors.

Service Co. International Stock Up 1.0 %

SCI opened at $77.73 on Wednesday. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.48 and a current ratio of 0.52. Service Co. International has a fifty-two week low of $64.10 and a fifty-two week high of $89.37. The firm’s fifty day moving average is $82.93 and its 200 day moving average is $79.03. The stock has a market cap of $11.24 billion, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 2.01 and a beta of 0.87.

Service Co. International (NYSE:SCI) last posted its earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share for the quarter, hitting analysts’ consensus estimates 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%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.78 EPS. On average, sell-side analysts forecast 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. Investors of record on Friday, December 13th were given a dividend of $0.31 per share. This is a boost from Service Co. International’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.24 dividend on an annualized basis and a yield of 1.60%. Service Co. International’s dividend payout ratio is presently 34.88%.

Analyst Upgrades and Downgrades

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

Insider Activity at Service Co. International

In other news, VP Elisabeth G. Nash sold 56,100 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were 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 approximately $9,410,563.80. This trade represents a 33.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Thomas L. Ryan sold 50,000 shares of Service Co. International stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $86.11, for a total transaction of $4,305,500.00. Following the transaction, the chief executive officer now directly owns 982,333 shares in the company, valued at $84,588,694.63. This trade represents a 4.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 108,655 shares of company stock valued at $9,356,203 over the last 90 days. Insiders own 4.60% of the company’s stock.

Service Co. International Profile

Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery segments. The Funeral segment offers services related to cremations, including the use of home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, memorialization, and catering.