Sanctuary Advisors LLC Grows Stock Position in Service Co. International (NYSE:SCI)

Sanctuary Advisors LLC boosted its stake in shares of Service Co. International (NYSE:SCI) by 33.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,388 shares of the company’s stock after acquiring an additional 1,594 shares during the quarter. Sanctuary Advisors LLC’s holdings in Service Co. International were worth $557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. M&T Bank Corp raised its stake in shares of Service Co. International by 1.1% during the third quarter. M&T Bank Corp now owns 11,248 shares of the company’s stock valued at $888,000 after acquiring an additional 123 shares during the last quarter. Inspire Investing LLC increased its holdings in Service Co. International by 3.1% during the 2nd quarter. Inspire Investing LLC now owns 4,969 shares of the company’s stock valued at $353,000 after purchasing an additional 148 shares during the period. UMB Bank n.a. raised its position in Service Co. International by 7.8% during the 3rd quarter. UMB Bank n.a. now owns 2,167 shares of the company’s stock valued at $171,000 after purchasing an additional 156 shares during the last quarter. Larson Financial Group LLC lifted its holdings in Service Co. International by 5.6% in the 2nd quarter. Larson Financial Group LLC now owns 3,020 shares of the company’s stock worth $215,000 after buying an additional 159 shares during the period. Finally, HB Wealth Management LLC grew its position in shares of Service Co. International by 3.5% in the 2nd quarter. HB Wealth Management LLC now owns 4,894 shares of the company’s stock worth $348,000 after buying an additional 165 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Tony Coelho sold 2,555 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $85.64, for a total value of $218,810.20. Following the completion of the transaction, the director now owns 53,324 shares in the company, valued at $4,566,667.36. The trade was a 4.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Elisabeth G. Nash sold 56,100 shares of Service Co. International stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $86.13, for a total value of $4,831,893.00. Following the completion of the sale, the vice president now owns 109,260 shares of the company’s stock, valued at $9,410,563.80. The trade was a 33.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 108,655 shares of company stock worth $9,356,203 over the last three months. 4.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently commented on SCI shares. Truist Financial raised their price target on Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Oppenheimer raised their target price on shares of Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. StockNews.com upgraded shares of Service Co. International from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, Raymond James increased their price target 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 equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Service Co. International has an average rating of “Moderate Buy” and an average target price of $88.50.

Service Co. International Stock Performance

Shares of Service Co. International stock opened at $80.82 on Thursday. Service Co. International has a 12 month low of $64.10 and a 12 month high of $89.37. The firm has a market capitalization of $11.69 billion, a P/E ratio of 23.49, a P/E/G ratio of 2.51 and a beta of 0.85. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.91. The business has a fifty day simple moving average of $83.41 and a two-hundred day simple moving average of $78.16.

Service Co. International (NYSE:SCI) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.02 billion. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. Service Co. International’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.78 earnings per share. On average, equities analysts forecast that Service Co. International will post 3.51 earnings per share for the current fiscal year.

Service Co. International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.53%. This is an increase from Service Co. International’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, December 13th. 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.