Tranquility Partners LLC Sells 1,466 Shares of Service Co. International (NYSE:SCI)

Tranquility Partners LLC reduced its position in Service Co. International (NYSE:SCI) by 14.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,374 shares of the company’s stock after selling 1,466 shares during the quarter. Tranquility Partners LLC’s holdings in Service Co. International were worth $661,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. O Shaughnessy Asset Management LLC grew its holdings in Service Co. International by 23.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 21,427 shares of the company’s stock worth $1,590,000 after acquiring an additional 4,009 shares during the period. Seven Eight Capital LP increased its holdings in Service Co. International by 15.0% in the first quarter. Seven Eight Capital LP now owns 7,206 shares of the company’s stock worth $535,000 after purchasing an additional 942 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in Service Co. International by 26.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 122,236 shares of the company’s stock valued at $9,073,000 after buying an additional 25,717 shares during the period. Pitcairn Co. lifted its stake in Service Co. International by 35.4% in the first quarter. Pitcairn Co. now owns 26,110 shares of the company’s stock valued at $1,938,000 after buying an additional 6,833 shares during the period. Finally, EntryPoint Capital LLC bought a new position in shares of Service Co. International during the 1st quarter worth approximately $65,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on the company. Raymond James boosted their target price on Service Co. International from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. StockNews.com cut Service Co. International from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Finally, Truist Financial boosted their price target on shares of Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $85.25.

Service Co. International Stock Up 2.5 %

Shares of NYSE:SCI opened at $86.13 on Tuesday. The business’s 50 day moving average is $79.07 and its 200 day moving average is $75.20. Service Co. International has a 12-month low of $60.03 and a 12-month high of $88.32. The stock has a market cap of $12.46 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 2.46 and a beta of 0.83. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.91.

Service Co. International (NYSE:SCI) last posted its earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.79. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the business posted $0.78 EPS. The business’s revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts forecast that Service Co. International will post 3.51 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 Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from Service Co. International’s previous quarterly dividend of $0.30. Service Co. International’s payout ratio is presently 34.88%.

Insider Transactions at Service Co. International

In other news, Director Ellen Ochoa sold 2,642 shares of Service Co. International stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total transaction of $201,875.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 4.60% 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.