Service Co. International (NYSE:SCI) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its holdings in shares of Service Co. International (NYSE:SCI) by 30.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 337,022 shares of the company’s stock after selling 147,648 shares during the period. Principal Financial Group Inc. owned approximately 0.23% of Service Co. International worth $26,601,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of SCI. Inspire Investing LLC lifted its stake in shares of Service Co. International by 3.1% in the 2nd quarter. Inspire Investing LLC now owns 4,969 shares of the company’s stock worth $353,000 after acquiring an additional 148 shares during the period. Fifth Third Bancorp boosted its stake in Service Co. International by 14.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,226 shares of the company’s stock valued at $87,000 after purchasing an additional 151 shares in the last quarter. UMB Bank n.a. increased its position in shares of 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 period. Larson Financial Group LLC lifted its holdings in shares of Service Co. International by 5.6% in the second quarter. Larson Financial Group LLC now owns 3,020 shares of the company’s stock valued at $215,000 after buying an additional 159 shares during the period. Finally, HB Wealth Management LLC boosted its stake in Service Co. International by 3.5% during the second quarter. HB Wealth Management LLC now owns 4,894 shares of the company’s stock valued at $348,000 after buying an additional 165 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Service Co. International Stock Down 0.3 %

SCI stock opened at $86.21 on Wednesday. The company has a debt-to-equity ratio of 2.91, a current ratio of 0.52 and a quick ratio of 0.48. The firm has a market capitalization of $12.47 billion, a P/E ratio of 25.06, a P/E/G ratio of 2.54 and a beta of 0.83. Service Co. International has a 52-week low of $57.49 and a 52-week high of $88.32. The company’s 50 day simple moving average is $78.69 and its 200-day simple moving average is $74.93.

Service Co. International (NYSE:SCI) last announced its earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.79. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the business earned $0.78 EPS. The company’s revenue was up 1.2% on a year-over-year basis. As a group, equities research analysts anticipate that Service Co. International will post 3.51 EPS for the current year.

Service Co. International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.44%. This is a positive change from Service Co. International’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, December 13th. Service Co. International’s dividend payout ratio is 34.88%.

Insider Buying and Selling

In other Service Co. International news, Director Ellen Ochoa sold 2,642 shares of the company’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 transaction was disclosed in a document filed with the SEC, which is available at this link. 5.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Truist Financial upped their price target on shares of Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a report on Friday, November 1st. Raymond James raised their target price on shares of Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, StockNews.com cut Service Co. International from a “hold” rating to a “sell” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $85.25.

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.