National Bank of Canada FI Grows Position in Service Co. International (NYSE:SCI)

National Bank of Canada FI boosted its position in shares of Service Co. International (NYSE:SCI) by 2.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 35,065 shares of the company’s stock after acquiring an additional 845 shares during the quarter. National Bank of Canada FI’s holdings in Service Co. International were worth $2,768,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SCI. nVerses Capital LLC boosted 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 valued at $28,000 after buying an additional 200 shares during the period. Blue Trust Inc. boosted its holdings in Service Co. International by 121.9% during the 2nd quarter. Blue Trust Inc. now owns 708 shares of the company’s stock valued at $53,000 after acquiring an additional 389 shares during the period. Quarry LP grew its position in Service Co. International by 258.6% in the 2nd quarter. Quarry LP now owns 789 shares of the company’s stock valued at $56,000 after acquiring an additional 569 shares during the last quarter. Waldron Private Wealth LLC purchased a new stake in Service Co. International in the third quarter worth $57,000. Finally, Farther Finance Advisors LLC lifted its position in shares of Service Co. International by 36.8% during the third quarter. Farther Finance Advisors LLC now owns 926 shares of the company’s stock worth $73,000 after purchasing an additional 249 shares during the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Service Co. International

In other Service Co. International news, Director Tony Coelho sold 2,555 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $85.64, for a total transaction of $218,810.20. Following the completion of the sale, the director now directly owns 53,324 shares of the company’s stock, valued at approximately $4,566,667.36. This represents a 4.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Elisabeth G. Nash sold 56,100 shares of the firm’s stock in a transaction dated 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 completion of the sale, the vice president now owns 109,260 shares in the company, valued at $9,410,563.80. This represents a 33.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 108,655 shares of company stock valued at $9,356,203. 5.10% of the stock is currently owned by corporate insiders.

Service Co. International Stock Performance

SCI stock opened at $85.85 on Friday. Service Co. International has a 1-year low of $64.10 and a 1-year high of $89.37. The business has a 50-day moving average price of $82.31 and a 200 day moving average price of $77.49. The company has a market capitalization of $12.42 billion, a P/E ratio of 24.96, a PEG ratio of 2.51 and a beta of 0.85. The company has a debt-to-equity ratio of 2.91, a current ratio of 0.52 and a quick ratio of 0.48.

Service Co. International (NYSE:SCI) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, meeting the consensus estimate of $0.79. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the business posted $0.78 EPS. The company’s quarterly 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 EPS for the current fiscal year.

Service Co. International Increases Dividend

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

Analyst Ratings Changes

SCI has been the topic of a number of research analyst reports. Raymond James upped their price target on shares of Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Oppenheimer boosted their price objective on shares of Service Co. International from $86.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday. Truist Financial raised 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 report on Friday, November 1st. Finally, StockNews.com upgraded Service Co. International from a “sell” rating to a “hold” rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Service Co. International currently has a consensus rating of “Moderate Buy” and an average target price of $88.50.

About Service Co. International

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.