AE Wealth Management LLC Purchases 331 Shares of Service Co. International (NYSE:SCI)

AE Wealth Management LLC increased its position in Service Co. International (NYSE:SCI) by 4.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,534 shares of the company’s stock after purchasing an additional 331 shares during the quarter. AE Wealth Management LLC’s holdings in Service Co. International were worth $536,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Swedbank AB bought a new position in Service Co. International in the 1st quarter valued at about $224,137,000. Jennison Associates LLC boosted its stake in Service Co. International by 430.3% in the 1st quarter. Jennison Associates LLC now owns 357,075 shares of the company’s stock valued at $26,499,000 after purchasing an additional 289,741 shares during the period. Coho Partners Ltd. grew its holdings in Service Co. International by 10.6% in the 1st quarter. Coho Partners Ltd. now owns 1,685,111 shares of the company’s stock valued at $125,052,000 after buying an additional 161,570 shares in the last quarter. Groupama Asset Managment bought a new position in Service Co. International during the 4th quarter worth $10,280,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Service Co. International by 7.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,942,559 shares of the company’s stock worth $138,183,000 after buying an additional 135,017 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on SCI shares. Truist Financial raised their price target on shares of Service Co. International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, June 21st. StockNews.com cut shares of Service Co. International from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat, Service Co. International presently has an average rating of “Moderate Buy” and a consensus price target of $77.60.

Insider Buying and Selling

In other Service Co. International news, Director Ellen Ochoa sold 2,642 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total value of $201,875.22. The sale was disclosed in a document filed with the SEC, which is available at this link. In other 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 SEC, which is available through the SEC website. Also, CEO Thomas L. Ryan sold 80,638 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $73.97, for a total value of $5,964,792.86. Following the completion of the transaction, the chief executive officer now directly owns 988,365 shares of the company’s stock, valued at approximately $73,109,359.05. The disclosure for this sale can be found here. 5.10% of the stock is owned by corporate insiders.

Service Co. International Trading Up 0.3 %

Shares of Service Co. International stock opened at $78.62 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 3.05. Service Co. International has a 12-month low of $52.89 and a 12-month high of $81.32. The company has a market capitalization of $11.45 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 2.29 and a beta of 0.84. The firm’s 50-day moving average price is $77.12 and its two-hundred day moving average price is $73.44.

Service Co. International (NYSE:SCI) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.07). Service Co. International had a return on equity of 32.07% and a net margin of 12.32%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the business posted $0.83 EPS. The business’s revenue was up 2.0% on a year-over-year basis. On average, analysts forecast that Service Co. International will post 3.52 earnings per share for the current fiscal year.

Service Co. International Announces Dividend

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