Service Co. International (NYSE:SCI) Shares Sold by Perpetual Ltd

Perpetual Ltd cut its holdings in Service Co. International (NYSE:SCI) by 0.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,615 shares of the company’s stock after selling 319 shares during the quarter. Perpetual Ltd owned approximately 0.08% of Service Co. International worth $9,520,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Swedbank AB purchased a new stake in Service Co. International in the 1st quarter worth approximately $224,137,000. Select Equity Group L.P. grew its position in shares of Service Co. International by 53.5% in the second quarter. Select Equity Group L.P. now owns 7,239,783 shares of the company’s stock valued at $514,966,000 after purchasing an additional 2,524,795 shares during the period. Jennison Associates LLC grew its position in shares of Service Co. International by 430.3% in the first quarter. Jennison Associates LLC now owns 357,075 shares of the company’s stock valued at $26,499,000 after purchasing an additional 289,741 shares during the period. Millennium Management LLC increased its stake in Service Co. International by 646.5% in the second quarter. Millennium Management LLC now owns 267,860 shares of the company’s stock valued at $19,053,000 after purchasing an additional 231,980 shares during the last quarter. Finally, Lombard Odier Asset Management Europe Ltd purchased a new position in Service Co. International during the second quarter worth about $14,226,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. StockNews.com cut Service Co. International from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Truist Financial boosted their target price on shares of Service Co. International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Friday, June 21st.

Service Co. International Stock Up 1.5 %

SCI opened at $74.74 on Friday. Service Co. International has a 1 year low of $52.89 and a 1 year high of $81.32. The firm has a 50 day moving average price of $77.08 and a 200 day moving average price of $73.62. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.51 and a current ratio of 0.55. The company has a market cap of $10.79 billion, a PE ratio of 21.79, a price-to-earnings-growth ratio of 2.12 and a beta of 0.84.

Service Co. International (NYSE:SCI) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.07). The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.03 billion. Service Co. International had a return on equity of 32.07% and a net margin of 12.32%. Service Co. International’s revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.83 EPS. Sell-side analysts expect that Service Co. International will post 3.52 earnings per share for the current year.

Service Co. International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend was Friday, September 13th. Service Co. International’s payout ratio is 34.99%.

Insider Activity

In other Service Co. International news, Director Ellen Ochoa sold 2,642 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total value of $201,875.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Service Co. International news, Director Ellen Ochoa sold 2,642 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total value of $201,875.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas L. Ryan sold 80,638 shares of Service Co. International stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $73.97, for a total value of $5,964,792.86. Following the sale, the chief executive officer now directly owns 988,365 shares in the company, valued at approximately $73,109,359.05. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.10% of the company’s stock.

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.