Central Pacific Bank Trust Division Buys New Stake in Service Co. International (NYSE:SCI)

Central Pacific Bank Trust Division bought a new stake in Service Co. International (NYSE:SCI) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 4,205 shares of the company’s stock, valued at approximately $308,000.

Other institutional investors have also recently added to or reduced their stakes in the company. TFO Wealth Partners LLC increased its holdings in Service Co. International by 12,200.0% in the 4th quarter. TFO Wealth Partners LLC now owns 369 shares of the company’s stock valued at $25,000 after purchasing an additional 366 shares during the last quarter. Rise Advisors LLC acquired a new position in shares of Service Co. International in the first quarter worth $31,000. Whittier Trust Co. grew its stake in shares of Service Co. International by 406.5% in the first quarter. Whittier Trust Co. now owns 542 shares of the company’s stock worth $40,000 after acquiring an additional 435 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its stake in shares of Service Co. International by 204.1% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 599 shares of the company’s stock worth $41,000 after acquiring an additional 402 shares in the last quarter. Finally, ICA Group Wealth Management LLC acquired a new position in shares of Service Co. International in the fourth quarter worth $42,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Insider Activity at Service Co. International

In related news, Director Tony Coelho sold 2,900 shares of the business’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $72.38, for a total value of $209,902.00. Following the completion of the sale, the director now directly owns 60,629 shares of the company’s stock, valued at $4,388,327.02. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Tony Coelho sold 2,900 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $72.38, for a total value of $209,902.00. Following the completion of the sale, the director now directly owns 60,629 shares of the company’s stock, valued at $4,388,327.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Victor L. Lund sold 7,606 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were 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 a total of 11,517 shares of company stock valued at $813,092 over the last ninety days. Insiders own 4.60% of the company’s stock.

Service Co. International Stock Down 0.5 %

Shares of Service Co. International stock traded down $0.33 during trading on Tuesday, hitting $69.55. 618,591 shares of the stock were exchanged, compared to its average volume of 870,404. The stock has a market cap of $10.13 billion, a price-to-earnings ratio of 19.99, a price-to-earnings-growth ratio of 1.88 and a beta of 0.84. The firm’s 50-day moving average price is $70.87 and its 200 day moving average price is $70.66. Service Co. International has a 12-month low of $52.89 and a 12-month high of $75.97. The company has a debt-to-equity ratio of 2.90, a current ratio of 0.62 and a quick ratio of 0.57.

Service Co. International (NYSE:SCI) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.04. Service Co. International had a net margin of 12.73% and a return on equity of 32.23%. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the company earned $0.93 EPS. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, analysts forecast that Service Co. International will post 3.66 earnings per share for the current fiscal year.

Service Co. International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.73%. Service Co. International’s dividend payout ratio (DPR) is presently 34.48%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Oppenheimer boosted their price target on shares of Service Co. International from $76.00 to $79.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 22nd. Truist Financial boosted their price target on shares of Service Co. International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, June 21st. Finally, UBS Group boosted their price target on shares of Service Co. International from $83.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Service Co. International presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.

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.