Blue Trust Inc. Boosts Stock Position in Service Co. International (NYSE:SCI)

Blue Trust Inc. increased its position in shares of Service Co. International (NYSE:SCI) by 64.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,163 shares of the company’s stock after acquiring an additional 455 shares during the quarter. Blue Trust Inc.’s holdings in Service Co. International were worth $92,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in SCI. nVerses Capital LLC lifted 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 acquiring an additional 200 shares during the period. Whittier Trust Co. boosted its holdings in Service Co. International by 406.5% in the first quarter. Whittier Trust Co. now owns 542 shares of the company’s stock valued at $40,000 after acquiring an additional 435 shares during the last quarter. Quarry LP increased its stake in Service Co. International by 258.6% during the second quarter. Quarry LP now owns 789 shares of the company’s stock worth $56,000 after acquiring an additional 569 shares during the last quarter. EntryPoint Capital LLC acquired a new position in shares of Service Co. International in the 1st quarter valued at about $65,000. Finally, Fidelis Capital Partners LLC acquired a new stake in Service Co. International during the 1st quarter worth approximately $86,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Service Co. International from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st.

Service Co. International Stock Performance

Shares of NYSE:SCI opened at $76.46 on Wednesday. The business’s 50-day simple moving average is $77.43 and its 200 day simple moving average is $73.91. The company has a market cap of $11.13 billion, a P/E ratio of 21.97, a PEG ratio of 2.17 and a beta of 0.84. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.51 and a current ratio of 0.55. Service Co. International has a one year low of $52.89 and a one year high of $81.32.

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

Service Co. International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend was Friday, September 13th. Service Co. International’s dividend payout ratio (DPR) is 34.48%.

Insider Buying and Selling

In other Service Co. International news, CEO Thomas L. Ryan sold 80,638 shares of the company’s stock in a transaction dated 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 $73,109,359.05. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Thomas L. Ryan sold 80,638 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $73.97, for a total value of $5,964,792.86. Following the transaction, the chief executive officer now owns 988,365 shares in the company, valued at approximately $73,109,359.05. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 disclosure for this sale can be found here. 5.10% of the stock is currently owned by insiders.

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.