Inspire Investing LLC Boosts Stock Holdings in Service Co. International (NYSE:SCI)

Inspire Investing LLC raised its holdings in Service Co. International (NYSE:SCI) by 3.1% during the second quarter, Holdings Channel.com reports. The firm owned 4,969 shares of the company’s stock after purchasing an additional 148 shares during the quarter. Inspire Investing LLC’s holdings in Service Co. International were worth $353,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TFO Wealth Partners LLC boosted its stake in shares of Service Co. International by 12,200.0% in the fourth quarter. TFO Wealth Partners LLC now owns 369 shares of the company’s stock valued at $25,000 after buying an additional 366 shares in the last quarter. nVerses Capital LLC boosted its position in shares of Service Co. International by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 400 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares in the last quarter. Rise Advisors LLC acquired a new position in shares of Service Co. International during the 1st quarter worth $31,000. Whittier Trust Co. increased its holdings in shares of Service Co. International by 406.5% in the 1st quarter. Whittier Trust Co. now owns 542 shares of the company’s stock valued at $40,000 after purchasing an additional 435 shares in the last quarter. Finally, ICA Group Wealth Management LLC acquired a new stake in shares of Service Co. International in the fourth quarter valued at about $42,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Insider Activity at Service Co. International

In related news, CEO Thomas L. Ryan sold 80,638 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were 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 in the company, valued at $73,109,359.05. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Service Co. International news, CEO Thomas L. Ryan sold 80,638 shares of the stock in a transaction 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 transaction, 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 SEC, which is available at the SEC website. Also, Director Ellen Ochoa sold 2,642 shares of Service Co. International stock in a transaction on Thursday, August 22nd. The shares were 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. Insiders own 5.10% of the company’s stock.

Service Co. International Price Performance

Shares of NYSE:SCI opened at $79.50 on Monday. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.51 and a current ratio of 0.55. The business’s fifty day moving average price is $76.74 and its two-hundred day moving average price is $73.31. The stock has a market cap of $11.58 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 2.31 and a beta of 0.84. Service Co. International has a one year low of $52.89 and a one year high of $81.32.

Service Co. International (NYSE:SCI) last posted its quarterly earnings data 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 net margin of 12.32% and a return on equity of 32.07%. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the business earned $0.83 EPS. The firm’s revenue was up 2.0% on a year-over-year basis. On average, analysts forecast that Service Co. International will post 3.52 EPS for the current fiscal year.

Service Co. International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.51%. 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

SCI has been the topic of several recent analyst reports. StockNews.com lowered shares of Service Co. International from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Truist Financial raised their price objective on Service Co. International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, June 21st. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $77.60.

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.