Farther Finance Advisors LLC Grows Holdings in Service Co. International (NYSE:SCI)

Farther Finance Advisors LLC raised its position in shares of Service Co. International (NYSE:SCI) by 36.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 926 shares of the company’s stock after purchasing an additional 249 shares during the quarter. Farther Finance Advisors LLC’s holdings in Service Co. International were worth $73,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of SCI. nVerses Capital LLC grew its position in shares of Service Co. International by 100.0% during the second quarter. nVerses Capital LLC now owns 400 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares in the last quarter. Blue Trust Inc. boosted its stake in Service Co. International by 121.9% in the 2nd quarter. Blue Trust Inc. now owns 708 shares of the company’s stock worth $53,000 after purchasing an additional 389 shares during the period. Quarry LP raised its position in shares of Service Co. International by 258.6% during the second quarter. Quarry LP now owns 789 shares of the company’s stock valued at $56,000 after buying an additional 569 shares during the last quarter. Waldron Private Wealth LLC purchased a new position in shares of Service Co. International in the third quarter worth $57,000. Finally, EntryPoint Capital LLC purchased a new position in Service Co. International during the first quarter valued at $65,000. 85.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on SCI. Truist Financial increased their price objective 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 increased their price target on Service Co. International from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, StockNews.com downgraded Service Co. International from a “hold” rating to a “sell” rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Service Co. International has a consensus rating of “Moderate Buy” and a consensus price target of $85.25.

Service Co. International Stock Performance

Service Co. International stock opened at $86.21 on Wednesday. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.91. Service Co. International has a twelve month low of $57.49 and a twelve month high of $88.32. The company’s 50-day moving average price is $78.69 and its 200-day moving average price is $74.93. The company has a market cap of $12.47 billion, a PE ratio of 25.06, a price-to-earnings-growth ratio of 2.54 and a beta of 0.83.

Service Co. International (NYSE:SCI) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.79. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.02 billion. Service Co. International had a return on equity of 31.84% and a net margin of 12.19%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.78 earnings per share. On average, equities research analysts forecast that Service Co. International will post 3.51 EPS for the current fiscal year.

Service Co. International Increases Dividend

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

Insider Activity

In other news, Director Ellen Ochoa sold 2,642 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total transaction of $201,875.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 5.10% of the company’s stock.

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.