Mutual of America Capital Management LLC Sells 4,673 Shares of Service Co. International (NYSE:SCI)

Mutual of America Capital Management LLC cut its position in Service Co. International (NYSE:SCI) by 5.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 78,698 shares of the company’s stock after selling 4,673 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.05% of Service Co. International worth $6,212,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Select Equity Group L.P. raised its stake in shares of Service Co. International by 53.5% during the 2nd quarter. Select Equity Group L.P. now owns 7,239,783 shares of the company’s stock worth $514,966,000 after acquiring an additional 2,524,795 shares in the last quarter. Swedbank AB acquired a new position in shares of Service Co. International during the first quarter worth $224,137,000. Dimensional Fund Advisors LP lifted its holdings in shares of Service Co. International by 7.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,942,559 shares of the company’s stock valued at $138,183,000 after purchasing an additional 135,017 shares during the last quarter. Handelsbanken Fonder AB boosted its position in shares of Service Co. International by 3.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 1,810,148 shares of the company’s stock worth $142,875,000 after purchasing an additional 61,838 shares in the last quarter. Finally, Empower Advisory Group LLC grew its stake in Service Co. International by 2.8% during the 3rd quarter. Empower Advisory Group LLC now owns 946,059 shares of the company’s stock worth $74,672,000 after buying an additional 25,713 shares during the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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 stock was 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 accessible through this link. 4.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SCI. StockNews.com cut Service Co. International from a “hold” rating to a “sell” rating in a research note on Friday, November 8th. Truist Financial lifted their target price on shares of Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Raymond James boosted their target price on shares of Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. One research 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $85.25.

Service Co. International Trading Down 0.2 %

Shares of NYSE:SCI opened at $85.94 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 52-week low of $60.03 and a 52-week high of $88.32. The stock has a market cap of $12.43 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 2.46 and a beta of 0.83. The business has a 50-day moving average price of $79.34 and a 200-day moving average price of $75.44.

Service Co. International (NYSE:SCI) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.79. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. Service Co. International’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $0.78 EPS. Equities analysts predict that Service Co. International will post 3.51 EPS for the current year.

Service Co. International Increases Dividend

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

Service Co. International Company 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.