Hantz Financial Services Inc. Purchases New Position in Service Co. International (NYSE:SCI)

Hantz Financial Services Inc. acquired a new position in Service Co. International (NYSE:SCI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,563 shares of the company’s stock, valued at approximately $1,036,000.

A number of other large investors also recently modified their holdings of SCI. Swedbank AB purchased a new position in Service Co. International during the 1st quarter worth $224,137,000. Coho Partners Ltd. lifted its position in shares of Service Co. International by 10.6% during the 1st quarter. Coho Partners Ltd. now owns 1,685,111 shares of the company’s stock worth $125,052,000 after buying an additional 161,570 shares in the last quarter. Norges Bank bought a new position in shares of Service Co. International in the fourth quarter valued at approximately $92,331,000. Charles Schwab Investment Management Inc. lifted its holdings in Service Co. International by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 908,456 shares of the company’s stock worth $62,184,000 after acquiring an additional 9,381 shares during the period. Finally, Premier Fund Managers Ltd boosted its position in Service Co. International by 0.7% in the fourth quarter. Premier Fund Managers Ltd now owns 802,004 shares of the company’s stock worth $55,030,000 after purchasing an additional 5,693 shares during the last quarter. Institutional investors own 85.53% of the company’s stock.

Service Co. International Stock Performance

NYSE SCI opened at $78.27 on Friday. Service Co. International has a 12-month low of $52.89 and a 12-month high of $80.37. The firm has a market cap of $11.30 billion, a P/E ratio of 22.49, a price-to-earnings-growth ratio of 2.25 and a beta of 0.84. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 3.05. The company’s 50 day moving average is $74.27 and its 200-day moving average is $72.59.

Service Co. International (NYSE:SCI) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the business earned $0.83 earnings per share. Service Co. International’s revenue was up 2.0% on a year-over-year basis. Sell-side analysts predict that Service Co. International will post 3.52 earnings per share for the current year.

Service Co. International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders 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 dividend yield of 1.53%. The ex-dividend date of this dividend is Friday, September 13th. Service Co. International’s dividend payout ratio is presently 34.48%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on SCI shares. UBS Group lifted their target price on Service Co. International from $83.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Oppenheimer increased their target price on shares of Service Co. International from $76.00 to $79.00 and gave the company an “outperform” rating in a research report on Wednesday, May 22nd. StockNews.com cut shares of Service Co. International from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, Truist Financial increased their price objective on Service Co. International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Friday, June 21st. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Service Co. International has an average rating of “Moderate Buy” and a consensus price target of $77.60.

Insider Transactions at Service Co. International

In related news, Director Ellen Ochoa sold 2,642 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total transaction of $201,875.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Ellen Ochoa sold 2,642 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total transaction of $201,875.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tony Coelho sold 2,900 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $72.38, for a total value of $209,902.00. Following the completion of the sale, the director now directly owns 60,629 shares in the company, valued at approximately $4,388,327.02. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 86,180 shares of company stock valued at $6,376,570. 5.10% of the stock is currently owned by corporate insiders.

Service Co. International Company 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.