Swiss National Bank Has $22.54 Million Stock Position in Service Co. International (NYSE:SCI)

Swiss National Bank lessened its position in shares of Service Co. International (NYSE:SCI) by 0.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 285,600 shares of the company’s stock after selling 1,700 shares during the period. Swiss National Bank owned approximately 0.20% of Service Co. International worth $22,542,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SCI. nVerses Capital LLC boosted its stake in Service Co. International by 100.0% in the 2nd quarter. nVerses Capital LLC now owns 400 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares during the period. Blue Trust Inc. lifted its holdings in shares of Service Co. International by 121.9% during the second quarter. Blue Trust Inc. now owns 708 shares of the company’s stock worth $53,000 after buying an additional 389 shares in the last quarter. Waldron Private Wealth LLC bought a new stake in shares of Service Co. International in the third quarter valued at about $57,000. Quarry LP grew its stake in shares of Service Co. International by 258.6% in the second quarter. Quarry LP now owns 789 shares of the company’s stock valued at $56,000 after acquiring an additional 569 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new position in Service Co. International during the first quarter worth about $65,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Insiders Place Their Bets

In related news, VP Elisabeth G. Nash sold 56,100 shares of Service Co. International stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $86.13, for a total transaction of $4,831,893.00. Following the sale, the vice president now directly owns 109,260 shares of the company’s stock, valued at approximately $9,410,563.80. The trade was a 33.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 5.10% of the company’s stock.

Service Co. International Stock Performance

Shares of Service Co. International stock opened at $86.11 on Friday. The company has a 50 day moving average of $79.46 and a 200-day moving average of $75.51. The company has a market cap of $12.45 billion, a PE ratio of 25.03, a price-to-earnings-growth ratio of 2.51 and a beta of 0.83. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.91. Service Co. International has a 1-year low of $60.23 and a 1-year high of $88.32.

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

Service Co. International Increases Dividend

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

Analyst Ratings Changes

SCI has been the subject of a number of recent research reports. StockNews.com downgraded shares of Service Co. International from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Truist Financial increased their price target on 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 upped their target price on 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 equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.