nVerses Capital LLC Acquires 300 Shares of Service Co. International (NYSE:SCI)

nVerses Capital LLC increased its holdings in shares of Service Co. International (NYSE:SCI) by 75.0% during the third quarter, HoldingsChannel reports. The firm owned 700 shares of the company’s stock after buying an additional 300 shares during the period. nVerses Capital LLC’s holdings in Service Co. International were worth $55,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. BDF Gestion lifted its stake in Service Co. International by 34.2% during the 3rd quarter. BDF Gestion now owns 74,500 shares of the company’s stock valued at $5,880,000 after acquiring an additional 19,000 shares during the period. Swedbank AB raised its holdings in shares of Service Co. International by 1.9% during the third quarter. Swedbank AB now owns 2,900,020 shares of the company’s stock valued at $228,899,000 after purchasing an additional 55,000 shares during the last quarter. Iams Wealth Management LLC lifted its position in Service Co. International by 23.1% during the third quarter. Iams Wealth Management LLC now owns 8,223 shares of the company’s stock valued at $649,000 after purchasing an additional 1,543 shares during the period. Creative Planning boosted its holdings in Service Co. International by 10.0% in the third quarter. Creative Planning now owns 26,399 shares of the company’s stock worth $2,084,000 after purchasing an additional 2,394 shares during the last quarter. Finally, CX Institutional raised its stake in Service Co. International by 8.0% during the 3rd quarter. CX Institutional now owns 13,405 shares of the company’s stock valued at $1,058,000 after buying an additional 991 shares during the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Service Co. International

In other Service Co. International news, CEO Thomas L. Ryan sold 80,638 shares of Service Co. International 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 transaction, the chief executive officer now owns 988,365 shares of the company’s stock, valued at $73,109,359.05. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Service Co. International news, Director Ellen Ochoa sold 2,642 shares of the firm’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 SEC, which can be accessed through this link. Also, CEO Thomas L. Ryan sold 80,638 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $73.97, for a total value of $5,964,792.86. Following the sale, the chief executive officer now owns 988,365 shares of the company’s stock, valued at $73,109,359.05. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by corporate insiders.

Service Co. International Stock Performance

Shares of NYSE SCI opened at $76.04 on Tuesday. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 3.05. Service Co. International has a 12-month low of $52.89 and a 12-month high of $81.32. The firm has a market capitalization of $10.98 billion, a price-to-earnings ratio of 22.17, a price-to-earnings-growth ratio of 2.18 and a beta of 0.84. The firm has a 50 day moving average of $77.38 and a 200 day moving average of $73.76.

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 the consensus estimate of $0.86 by ($0.07). The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Service Co. International had a return on equity of 32.07% and a net margin of 12.32%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the company earned $0.83 earnings per share. On average, research analysts anticipate that Service Co. International will post 3.52 earnings per share for the current year.

Service Co. International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.58%. Service Co. International’s payout ratio is currently 34.99%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Service Co. International from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st.

About Service Co. International

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.