Panagora Asset Management Inc. Has $4.96 Million Stock Holdings in Service Co. International (NYSE:SCI)

Panagora Asset Management Inc. decreased its holdings in shares of Service Co. International (NYSE:SCI) by 2.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 69,655 shares of the company’s stock after selling 1,767 shares during the quarter. Panagora Asset Management Inc.’s holdings in Service Co. International were worth $4,955,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SCI. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Service Co. International by 7.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,784 shares of the company’s stock valued at $2,332,000 after acquiring an additional 2,305 shares in the last quarter. HB Wealth Management LLC boosted its holdings in shares of Service Co. International by 3.5% during the second quarter. HB Wealth Management LLC now owns 4,894 shares of the company’s stock worth $348,000 after purchasing an additional 165 shares during the period. Avion Wealth boosted its holdings in shares of Service Co. International by 0.5% during the second quarter. Avion Wealth now owns 38,419 shares of the company’s stock worth $2,732,000 after purchasing an additional 180 shares during the period. Atomi Financial Group Inc. grew its position in Service Co. International by 32.3% during the second quarter. Atomi Financial Group Inc. now owns 7,534 shares of the company’s stock valued at $536,000 after purchasing an additional 1,840 shares in the last quarter. Finally, Argent Capital Management LLC increased its stake in Service Co. International by 1.0% in the 2nd quarter. Argent Capital Management LLC now owns 32,496 shares of the company’s stock valued at $2,311,000 after buying an additional 309 shares during the period. 85.53% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Tony Coelho sold 2,900 shares of Service Co. International stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $72.38, for a total value of $209,902.00. Following the transaction, the director now owns 60,629 shares of the company’s stock, valued at $4,388,327.02. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Ellen Ochoa sold 2,642 shares of the business’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 Securities & Exchange Commission, which is accessible through this link. Also, Director Tony Coelho sold 2,900 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $72.38, for a total value of $209,902.00. Following the sale, the director now owns 60,629 shares of the company’s stock, valued at approximately $4,388,327.02. The disclosure for this sale can be found here. Insiders sold 86,180 shares of company stock valued at $6,376,570 over the last 90 days. 5.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SCI has been the topic of several research analyst reports. StockNews.com cut shares of Service Co. International from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Truist Financial boosted their target price on Service Co. International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, June 21st. UBS Group raised their price target on Service Co. International from $83.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Finally, Oppenheimer boosted their price target on Service Co. International from $76.00 to $79.00 and gave the company an “outperform” rating in a research note on Wednesday, May 22nd. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Service Co. International presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.60.

Service Co. International Stock Down 0.1 %

SCI stock opened at $78.27 on Friday. The firm has a market cap of $11.40 billion, a PE ratio of 22.49, a PEG ratio of 2.23 and a beta of 0.84. Service Co. International has a 1 year low of $52.89 and a 1 year high of $80.37. The company has a fifty day simple moving average of $74.27 and a 200 day simple moving average of $72.57. 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 (NYSE:SCI) last posted its earnings results on Wednesday, July 31st. The company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.07). The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. Service Co. International had a net margin of 12.32% and a return on equity of 32.07%. Service Co. International’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the business earned $0.83 earnings per share. Sell-side analysts anticipate that Service Co. International will post 3.52 EPS for the current fiscal year.

Service Co. International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a $0.30 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.20 annualized dividend and a yield of 1.53%. Service Co. International’s dividend payout ratio (DPR) is currently 34.48%.

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.