Charles Schwab Investment Management Inc. Sells 4,960 Shares of Service Co. International (NYSE:SCI)

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Service Co. International (NYSE:SCI) by 0.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 915,148 shares of the company’s stock after selling 4,960 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.63% of Service Co. International worth $72,233,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SCI. nVerses Capital LLC boosted its holdings 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 buying an additional 200 shares during the period. Blue Trust Inc. lifted its position in Service Co. International by 121.9% during the 2nd quarter. Blue Trust Inc. now owns 708 shares of the company’s stock worth $53,000 after acquiring an additional 389 shares during the last quarter. Quarry LP boosted its holdings in Service Co. International by 258.6% during the second quarter. Quarry LP now owns 789 shares of the company’s stock valued at $56,000 after acquiring an additional 569 shares during the period. Waldron Private Wealth LLC acquired a new stake in shares of Service Co. International in the third quarter valued at about $57,000. Finally, Farther Finance Advisors LLC increased its stake in shares of Service Co. International by 36.8% in the third quarter. Farther Finance Advisors LLC now owns 926 shares of the company’s stock worth $73,000 after purchasing an additional 249 shares during the period. 85.53% of the stock is currently owned by institutional investors.

Service Co. International Stock Performance

SCI opened at $88.60 on Friday. The stock has a market cap of $12.81 billion, a PE ratio of 25.76, a P/E/G ratio of 2.59 and a beta of 0.83. Service Co. International has a 1 year low of $60.60 and a 1 year high of $89.31. The stock’s 50 day simple moving average is $80.24 and its 200-day simple moving average is $76.16. 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 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.79. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations 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 revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.78 EPS. Sell-side analysts forecast that Service Co. International will post 3.51 EPS for the current year.

Service Co. International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.31 dividend. This is a positive change from Service Co. International’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Friday, December 13th. Service Co. International’s dividend payout ratio is currently 34.88%.

Insider Transactions at Service Co. International

In related news, Director Tony Coelho sold 2,555 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $85.64, for a total transaction of $218,810.20. Following the completion of the sale, the director now owns 53,324 shares in the company, valued at $4,566,667.36. This trade represents a 4.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Thomas L. Ryan sold 50,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $86.11, for a total transaction of $4,305,500.00. Following the completion of the transaction, the chief executive officer now owns 982,333 shares in the company, valued at approximately $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. In the last ninety days, insiders sold 108,655 shares of company stock valued at $9,356,203. Corporate insiders own 4.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SCI. Truist Financial increased their target price on Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Raymond James raised 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. Finally, StockNews.com cut shares of Service Co. International from a “hold” rating to a “sell” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Service Co. International has a consensus rating of “Moderate Buy” and a consensus price target of $85.25.

Service Co. International 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.