Wealth Enhancement Advisory Services LLC Has $696,000 Stake in Service Co. International (NYSE:SCI)

Wealth Enhancement Advisory Services LLC increased its stake in Service Co. International (NYSE:SCI) by 5.0% in the third quarter, Holdings Channel.com reports. The firm owned 8,824 shares of the company’s stock after purchasing an additional 419 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Service Co. International were worth $696,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Swedbank AB bought a new stake in shares of Service Co. International in the first quarter valued at about $224,137,000. Select Equity Group L.P. raised its position in Service Co. International by 53.5% in the 2nd quarter. Select Equity Group L.P. now owns 7,239,783 shares of the company’s stock valued at $514,966,000 after buying an additional 2,524,795 shares during the last quarter. Millennium Management LLC lifted its stake in Service Co. International by 646.5% in the 2nd quarter. Millennium Management LLC now owns 267,860 shares of the company’s stock valued at $19,053,000 after acquiring an additional 231,980 shares in the last quarter. Lombard Odier Asset Management Europe Ltd acquired a new position in Service Co. International during the 2nd quarter worth approximately $14,226,000. Finally, Coho Partners Ltd. grew its stake 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 acquiring an additional 161,570 shares in the last quarter. Institutional investors own 85.53% of the company’s stock.

Insiders Place Their Bets

In other news, Director Ellen Ochoa sold 2,642 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total value of $201,875.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 4.60% of the company’s stock.

Analysts Set New Price Targets

SCI has been the topic of a number of research reports. Truist Financial boosted their price objective on shares of Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. StockNews.com upgraded shares of Service Co. International from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, Raymond James increased their price objective on shares of Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Service Co. International currently has an average rating of “Moderate Buy” and an average price target of $85.25.

Service Co. International Price Performance

NYSE:SCI opened at $87.00 on Thursday. The stock has a market capitalization of $12.58 billion, a PE ratio of 25.29, a P/E/G ratio of 2.40 and a beta of 0.83. Service Co. International has a 1-year low of $57.03 and a 1-year high of $87.03. The firm has a fifty day simple moving average of $78.03 and a 200 day simple moving average of $74.47. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.91.

Service Co. International (NYSE:SCI) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, meeting analysts’ consensus estimates of $0.79. The company had revenue of $1.01 billion during 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 company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 EPS. On average, research analysts expect that Service Co. International will post 3.51 EPS for the current fiscal year.

Service Co. International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.43%. This is an increase from Service Co. International’s previous quarterly dividend of $0.30. Service Co. International’s payout ratio is 34.88%.

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.