Financial Counselors Inc. Makes New Investment in Service Co. International (NYSE:SCI)

Financial Counselors Inc. acquired a new position in shares of Service Co. International (NYSE:SCIFree Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,850 shares of the company’s stock, valued at approximately $211,000.

Several other large investors have also recently bought and sold shares of SCI. Norges Bank acquired a new position in shares of Service Co. International in the 4th quarter valued at $92,331,000. GW&K Investment Management LLC acquired a new stake in Service Co. International during the 4th quarter worth $22,890,000. Jennison Associates LLC raised its stake in Service Co. International by 430.3% during the 1st quarter. Jennison Associates LLC now owns 357,075 shares of the company’s stock worth $26,499,000 after buying an additional 289,741 shares during the period. Corient Private Wealth LLC raised its stake in Service Co. International by 2,178.3% during the 4th quarter. Corient Private Wealth LLC now owns 234,484 shares of the company’s stock worth $16,050,000 after buying an additional 224,192 shares during the period. Finally, Groupama Asset Managment bought a new position in Service Co. International during the 4th quarter worth about $10,280,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Oppenheimer increased their target price on Service Co. International from $76.00 to $79.00 and gave the stock an “outperform” rating in a report on Wednesday, May 22nd. Truist Financial raised their price objective on Service Co. International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Friday, June 21st. Finally, UBS Group raised their price objective on Service Co. International from $83.00 to $85.00 and gave the company a “buy” rating in a report on Friday, May 17th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.

Check Out Our Latest Research Report on Service Co. International

Service Co. International Trading Down 0.5 %

Service Co. International stock opened at $69.55 on Wednesday. Service Co. International has a 52 week low of $52.89 and a 52 week high of $75.97. The stock has a market capitalization of $10.13 billion, a P/E ratio of 19.99, a PEG ratio of 1.89 and a beta of 0.84. The stock has a 50-day simple moving average of $70.87 and a 200 day simple moving average of $70.66. The company has a debt-to-equity ratio of 2.90, a quick ratio of 0.57 and a current ratio of 0.62.

Service Co. International (NYSE:SCIGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.04. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Service Co. International had a return on equity of 32.23% and a net margin of 12.73%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.93 earnings per share. Analysts expect that Service Co. International will post 3.66 earnings per share for the current year.

Service Co. International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend was Friday, June 14th. Service Co. International’s payout ratio is presently 34.48%.

Insiders Place Their Bets

In other Service Co. International news, Director Tony Coelho sold 2,900 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $72.38, for a total transaction of $209,902.00. Following the completion of the sale, the director now directly owns 60,629 shares in the company, valued at $4,388,327.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Service Co. International news, Director Tony Coelho sold 2,900 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $72.38, for a total transaction of $209,902.00. Following the completion of the sale, the director now directly owns 60,629 shares in the company, valued at $4,388,327.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Victor L. Lund sold 7,606 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $70.00, for a total transaction of $532,420.00. The disclosure for this sale can be found here. Insiders sold 11,517 shares of company stock worth $813,092 over the last three months. Insiders own 4.60% of the company’s stock.

About Service Co. International

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Service Co. International (NYSE:SCI)

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