11,972 Shares in Service Co. International (NYSE:SCI) Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in Service Co. International (NYSE:SCI) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 11,972 shares of the company’s stock, valued at approximately $956,000.

Several other institutional investors have also recently made changes to their positions in the stock. FMR LLC increased its holdings in Service Co. International by 300.6% during the third quarter. FMR LLC now owns 4,055,823 shares of the company’s stock worth $320,126,000 after buying an additional 3,043,354 shares during the last quarter. Verition Fund Management LLC grew its position in shares of Service Co. International by 2,527.9% in the 3rd quarter. Verition Fund Management LLC now owns 293,329 shares of the company’s stock valued at $23,152,000 after acquiring an additional 282,167 shares during the period. Premier Fund Managers Ltd increased its stake in shares of Service Co. International by 23.9% during the 3rd quarter. Premier Fund Managers Ltd now owns 1,093,723 shares of the company’s stock worth $85,721,000 after purchasing an additional 210,802 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Service Co. International by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 3,211,902 shares of the company’s stock worth $253,567,000 after purchasing an additional 156,086 shares during the last quarter. Finally, Tidal Investments LLC raised its holdings in shares of Service Co. International by 4,977.3% in the 3rd quarter. Tidal Investments LLC now owns 155,567 shares of the company’s stock valued at $12,279,000 after purchasing an additional 152,503 shares during the period. Institutional investors and hedge funds own 85.53% of the company’s stock.

Service Co. International Stock Down 0.4 %

SCI stock opened at $80.54 on Friday. Service Co. International has a 52 week low of $67.19 and a 52 week high of $89.37. The business has a 50-day simple moving average of $78.57 and a 200 day simple moving average of $79.81. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.83. The company has a market cap of $11.62 billion, a PE ratio of 22.69, a price-to-earnings-growth ratio of 1.90 and a beta of 0.87.

Service Co. International (NYSE:SCI) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. Sell-side analysts anticipate that Service Co. International will post 3.84 EPS for the current fiscal year.

Service Co. International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.32 dividend. This is an increase from Service Co. International’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.28 annualized dividend and a yield of 1.59%. Service Co. International’s dividend payout ratio is presently 36.06%.

Analysts Set New Price Targets

SCI has been the subject of a number of recent analyst reports. StockNews.com cut Service Co. International from a “hold” rating to a “sell” rating in a research report on Wednesday. Oppenheimer increased their price target 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. Truist Financial lifted their price objective on shares of Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Raymond James increased their price objective on shares of Service Co. International from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $88.50.

About Service Co. International

Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery segments. The Funeral segment offers services related to cremations, including the use of home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, memorialization, and catering.