GAMMA Investing LLC Has $168,000 Holdings in Service Co. International (NYSE:SCI)

GAMMA Investing LLC raised its holdings in Service Co. International (NYSE:SCI) by 20.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,110 shares of the company’s stock after acquiring an additional 364 shares during the period. GAMMA Investing LLC’s holdings in Service Co. International were worth $168,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. nVerses Capital LLC grew its position in shares of Service Co. International by 75.0% in the 3rd quarter. nVerses Capital LLC now owns 700 shares of the company’s stock valued at $55,000 after purchasing an additional 300 shares during the period. Waldron Private Wealth LLC bought a new position in Service Co. International in the third quarter valued at approximately $57,000. Quarry LP boosted its holdings in shares of Service Co. International by 258.6% in the second quarter. Quarry LP now owns 789 shares of the company’s stock valued at $56,000 after buying an additional 569 shares during the period. Farther Finance Advisors LLC increased its position in shares of Service Co. International by 36.8% during the third quarter. Farther Finance Advisors LLC now owns 926 shares of the company’s stock worth $73,000 after acquiring an additional 249 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Service Co. International during the third quarter worth $80,000. 85.53% of the stock is currently owned by institutional investors.

Insider Transactions at Service Co. International

In other Service Co. International news, VP Elisabeth G. Nash sold 56,100 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $86.13, for a total transaction of $4,831,893.00. Following the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tony Coelho sold 2,555 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $85.64, for a total value 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 represents a 4.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 108,655 shares of company stock worth $9,356,203 in the last ninety days. Insiders own 5.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SCI. StockNews.com upgraded Service Co. International from a “sell” rating to a “hold” rating in a report on Wednesday, December 4th. Raymond James increased their price objective on Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Oppenheimer boosted their target price on Service Co. International from $86.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Finally, Truist Financial raised their price target on shares of Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $88.50.

Service Co. International Stock Performance

SCI opened at $78.60 on Thursday. The business’s 50-day simple moving average is $84.07 and its 200 day simple moving average is $78.66. Service Co. International has a 52-week low of $64.10 and a 52-week high of $89.37. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.48 and a current ratio of 0.52. The firm has a market capitalization of $11.37 billion, a PE ratio of 22.85, a PEG ratio of 2.51 and a beta of 0.87.

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, hitting analysts’ consensus estimates of $0.79. Service Co. International had a return on equity of 31.84% and a net margin of 12.19%. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the business posted $0.78 EPS. The business’s revenue was up 1.2% compared to the same quarter last year. As a group, sell-side analysts expect that Service Co. International will post 3.51 earnings per share for the current fiscal year.

Service Co. International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Friday, December 13th. This is an increase from Service Co. International’s previous quarterly dividend of $0.30. Service Co. International’s dividend payout ratio (DPR) is 34.88%.

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.