Union Bancaire Privee UBP SA Purchases New Holdings in Service Co. International (NYSE:SCI)

Union Bancaire Privee UBP SA purchased a new stake in shares of Service Co. International (NYSE:SCI) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 28,239 shares of the company’s stock, valued at approximately $2,281,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SCI. Creative Planning increased its stake in Service Co. International by 10.0% during the third quarter. Creative Planning now owns 26,399 shares of the company’s stock valued at $2,084,000 after acquiring an additional 2,394 shares during the period. Swedbank AB increased its stake in Service Co. International by 1.9% during the third quarter. Swedbank AB now owns 2,900,020 shares of the company’s stock valued at $228,899,000 after acquiring an additional 55,000 shares during the period. Blue Trust Inc. increased its stake in Service Co. International by 64.3% during the third quarter. Blue Trust Inc. now owns 1,163 shares of the company’s stock valued at $92,000 after acquiring an additional 455 shares during the period. Raymond James & Associates increased its stake in Service Co. International by 102.8% during the third quarter. Raymond James & Associates now owns 122,131 shares of the company’s stock valued at $9,640,000 after acquiring an additional 61,919 shares during the period. Finally, International Assets Investment Management LLC increased its stake in Service Co. International by 7,802.1% during the third quarter. International Assets Investment Management LLC now owns 7,586 shares of the company’s stock valued at $599,000 after acquiring an additional 7,490 shares during the period. 85.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SCI has been the topic of several research reports. Oppenheimer boosted their price target on Service Co. International from $86.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Raymond James upped their price objective on Service Co. International from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Truist Financial upped their price objective on Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, StockNews.com upgraded Service Co. International from a “sell” rating to a “hold” rating in a research note on Tuesday, February 18th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Service Co. International currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.50.

Service Co. International Trading Up 0.4 %

SCI stock opened at $78.97 on Monday. Service Co. International has a 1-year low of $67.19 and a 1-year high of $89.37. The firm has a market cap of $11.39 billion, a P/E ratio of 22.25, a P/E/G ratio of 1.90 and a beta of 0.87. The business’s 50 day moving average is $78.80 and its 200-day moving average is $79.72. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.83.

Service Co. International (NYSE:SCI) last announced its earnings results on Wednesday, February 12th. The company reported $1.06 EPS for the quarter, hitting the consensus estimate of $1.06. Service Co. International had a return on equity of 32.18% and a net margin of 12.39%. Equities analysts anticipate that Service Co. International will post 3.84 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 Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.32 dividend. This is an increase from Service Co. International’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Friday, March 14th. Service Co. International’s payout ratio is presently 33.80%.

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.