Atomi Financial Group Inc. Makes New $423,000 Investment in Service Co. International (NYSE:SCI)

Atomi Financial Group Inc. acquired a new stake in Service Co. International (NYSE:SCI) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,694 shares of the company’s stock, valued at approximately $423,000.

Other hedge funds also recently modified their holdings of the company. Handelsbanken Fonder AB lifted its position in shares of Service Co. International by 0.5% during the 4th quarter. Handelsbanken Fonder AB now owns 1,920,710 shares of the company’s stock valued at $131,473,000 after acquiring an additional 10,000 shares during the last quarter. Norges Bank acquired a new stake in shares of Service Co. International during the fourth quarter worth $92,331,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Service Co. International by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 908,456 shares of the company’s stock valued at $62,184,000 after purchasing an additional 9,381 shares during the last quarter. Premier Fund Managers Ltd boosted its position in shares of Service Co. International by 0.7% in the 4th quarter. Premier Fund Managers Ltd now owns 802,004 shares of the company’s stock valued at $55,030,000 after purchasing an additional 5,693 shares during the period. Finally, Boston Trust Walden Corp increased its stake in Service Co. International by 3.2% in the 4th quarter. Boston Trust Walden Corp now owns 673,914 shares of the company’s stock worth $46,129,000 after purchasing an additional 20,879 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Service Co. International Stock Up 1.2 %

Shares of SCI stock traded up $0.87 during trading on Monday, hitting $72.64. 637,086 shares of the company were exchanged, compared to its average volume of 868,809. The firm has a market capitalization of $10.58 billion, a price-to-earnings ratio of 20.62, a P/E/G ratio of 1.94 and a beta of 0.84. The company has a debt-to-equity ratio of 2.90, a quick ratio of 0.57 and a current ratio of 0.62. The business’s 50-day simple moving average is $70.95 and its 200 day simple moving average is $70.71. Service Co. International has a twelve month low of $52.89 and a twelve month high of $75.97.

Service Co. International (NYSE:SCI) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.89 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the company posted $0.93 EPS. Service Co. International’s revenue was up 1.6% on a year-over-year basis. As a group, analysts forecast that Service Co. International will post 3.66 EPS for the current fiscal year.

Service Co. International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date was Friday, June 14th. Service Co. International’s dividend payout ratio (DPR) is presently 34.48%.

Insider Activity

In related news, Director Tony Coelho sold 2,900 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $72.38, for a total value of $209,902.00. Following the transaction, the director now 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 is available at this link. 5.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. UBS Group raised their target price on shares of Service Co. International from $83.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Truist Financial raised their price objective 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, Oppenheimer boosted their target price on shares of Service Co. International from $76.00 to $79.00 and gave the company an “outperform” rating in a research note on Wednesday, May 22nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.

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.