Custom Index Systems LLC Purchases 1,136 Shares of Service Co. International (NYSE:SCI)

Custom Index Systems LLC increased its position in shares of Service Co. International (NYSE:SCI) by 12.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 10,190 shares of the company’s stock after acquiring an additional 1,136 shares during the period. Custom Index Systems LLC’s holdings in Service Co. International were worth $813,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC increased its holdings in shares of Service Co. International by 300.6% in the third quarter. FMR LLC now owns 4,055,823 shares of the company’s stock worth $320,126,000 after purchasing an additional 3,043,354 shares during the period. Verition Fund Management LLC grew its position in Service Co. International by 2,527.9% during the third quarter. Verition Fund Management LLC now owns 293,329 shares of the company’s stock worth $23,152,000 after buying an additional 282,167 shares in the last quarter. Millennium Management LLC increased its stake in Service Co. International by 646.5% in the 2nd quarter. Millennium Management LLC now owns 267,860 shares of the company’s stock worth $19,053,000 after acquiring an additional 231,980 shares during the last quarter. Premier Fund Managers Ltd raised its holdings in shares of Service Co. International by 23.9% in the 3rd quarter. Premier Fund Managers Ltd now owns 1,093,723 shares of the company’s stock valued at $85,721,000 after acquiring an additional 210,802 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Service Co. International by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 3,211,902 shares of the company’s stock valued at $253,567,000 after acquiring an additional 156,086 shares during the last quarter. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Service Co. International Stock Performance

NYSE:SCI opened at $78.09 on Friday. The company has a market capitalization of $11.29 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 2.12 and a beta of 0.87. The business has a 50 day moving average of $81.70 and a 200 day moving average of $79.42. 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 has a 1-year low of $64.10 and a 1-year high of $89.37.

Service Co. International (NYSE:SCI) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, hitting 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 firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the firm posted $0.78 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts predict 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 was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Friday, December 13th. This is a boost from Service Co. International’s previous quarterly dividend of $0.30. Service Co. International’s dividend payout ratio (DPR) is presently 34.88%.

Analyst Ratings Changes

SCI has been the topic of several research analyst reports. Oppenheimer upped their price objective on shares of Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. StockNews.com raised shares of Service Co. International from a “sell” rating to a “hold” rating in a research note on Wednesday, December 4th. Truist Financial raised their price objective on shares of Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Raymond James upped 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 analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $88.50.

Insiders Place Their Bets

In other Service Co. International news, CEO Thomas L. Ryan sold 50,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $86.11, for a total value of $4,305,500.00. Following the sale, the chief executive officer now owns 982,333 shares of the company’s stock, valued at $84,588,694.63. This trade represents a 4.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tony Coelho sold 2,555 shares of the business’s 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 transaction, the director now owns 53,324 shares in the company, valued at $4,566,667.36. The trade was a 4.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 108,655 shares of company stock valued at $9,356,203 over the last three months. Insiders own 5.10% of the company’s stock.

Service Co. International Company Profile

Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery segments. The Funeral segment offers services related to cremations, including the use of home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, memorialization, and catering.