Service Co. International (NYSE:SCI) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Service Co. International (NYSE:SCI) from a hold rating to a sell rating in a research report report published on Thursday.

SCI has been the subject of several other reports. Oppenheimer increased their price objective on Service Co. International from $76.00 to $79.00 and gave the company an outperform rating in a report on Wednesday, May 22nd. UBS Group raised their price objective on shares of Service Co. International from $83.00 to $85.00 and gave the stock a buy rating in a research report on Friday, May 17th. Finally, Truist Financial lifted their price objective on shares of Service Co. International from $80.00 to $84.00 and gave the company a buy rating in a research note on Friday, June 21st. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $77.60.

Service Co. International Stock Down 1.8 %

SCI stock opened at $73.40 on Thursday. The stock has a market cap of $10.69 billion, a P/E ratio of 21.09, a PEG ratio of 2.02 and a beta of 0.84. The company has a current ratio of 0.55, a quick ratio of 0.57 and a debt-to-equity ratio of 3.05. Service Co. International has a twelve month low of $52.89 and a twelve month high of $80.37. The company’s 50 day moving average is $72.63 and its two-hundred day moving average is $71.50.

Service Co. International (NYSE:SCI) last posted its earnings results on Wednesday, July 31st. The company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.07). Service Co. International had a net margin of 12.32% and a return on equity of 32.07%. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the business earned $0.83 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. Research analysts expect that Service Co. International will post 3.66 earnings per share for the current fiscal year.

Service Co. International Dividend Announcement

The company also recently disclosed 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 1.63%. Service Co. International’s dividend payout ratio (DPR) is 34.48%.

Insiders Place Their Bets

In other news, Director Tony Coelho sold 2,900 shares of the firm’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 owns 60,629 shares in the company, valued at approximately $4,388,327.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Service Co. International

Large investors have recently modified their holdings of the business. Fifth Third Bancorp boosted its stake in shares of Service Co. International by 14.0% in the second quarter. Fifth Third Bancorp now owns 1,226 shares of the company’s stock valued at $87,000 after buying an additional 151 shares in the last quarter. Larson Financial Group LLC lifted its holdings in Service Co. International by 5.6% in the second quarter. Larson Financial Group LLC now owns 3,020 shares of the company’s stock valued at $215,000 after acquiring an additional 159 shares during the period. Parallel Advisors LLC boosted its position in shares of Service Co. International by 3.8% during the 4th quarter. Parallel Advisors LLC now owns 4,515 shares of the company’s stock worth $309,000 after purchasing an additional 165 shares in the last quarter. HB Wealth Management LLC grew its stake in shares of Service Co. International by 3.5% during the 2nd quarter. HB Wealth Management LLC now owns 4,894 shares of the company’s stock worth $348,000 after purchasing an additional 165 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Service Co. International by 16.1% during the 1st quarter. GAMMA Investing LLC now owns 1,254 shares of the company’s stock worth $93,000 after purchasing an additional 174 shares during the period. 85.53% of the stock is owned by hedge funds and other institutional investors.

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.