RFG Advisory LLC Sells 11,994 Shares of Service Co. International (NYSE:SCI)

RFG Advisory LLC reduced its holdings in shares of Service Co. International (NYSE:SCI) by 8.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,489 shares of the company’s stock after selling 11,994 shares during the period. RFG Advisory LLC owned 0.09% of Service Co. International worth $10,256,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. American Century Companies Inc. raised its stake in shares of Service Co. International by 4.3% in the second quarter. American Century Companies Inc. now owns 33,181 shares of the company’s stock worth $2,360,000 after purchasing an additional 1,368 shares during the last quarter. AE Wealth Management LLC increased its holdings in Service Co. International by 4.6% in the 2nd quarter. AE Wealth Management LLC now owns 7,534 shares of the company’s stock worth $536,000 after buying an additional 331 shares in the last quarter. Sei Investments Co. raised its position in Service Co. International by 14.1% in the 2nd quarter. Sei Investments Co. now owns 118,087 shares of the company’s stock worth $8,400,000 after buying an additional 14,610 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in Service Co. International by 37.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 55,155 shares of the company’s stock valued at $3,924,000 after acquiring an additional 14,982 shares during the period. Finally, Evergreen Capital Management LLC purchased a new stake in shares of Service Co. International during the 2nd quarter valued at about $265,000. Institutional investors own 85.53% of the company’s stock.

Service Co. International Stock Performance

NYSE SCI opened at $77.43 on Friday. 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 has a twelve month low of $64.10 and a twelve month high of $89.37. The business has a 50-day moving average price of $82.59 and a 200-day moving average price of $79.07. The firm has a market cap of $11.20 billion, a price-to-earnings ratio of 22.51, a price-to-earnings-growth ratio of 2.02 and a beta of 0.87.

Service Co. International (NYSE:SCI) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, meeting 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 business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the firm earned $0.78 EPS. The business’s revenue was up 1.2% on a year-over-year basis. As a group, equities research analysts predict that Service Co. International will post 3.51 EPS for the current fiscal year.

Service Co. International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, December 13th. This is a positive change from Service Co. International’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.60%. Service Co. International’s dividend payout ratio (DPR) is 34.88%.

Insider Buying and Selling

In other news, VP Elisabeth G. Nash sold 56,100 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $86.13, for a total transaction of $4,831,893.00. Following the transaction, the vice president now owns 109,260 shares of the company’s stock, valued at approximately $9,410,563.80. The trade was a 33.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Thomas L. Ryan sold 50,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $86.11, for a total value of $4,305,500.00. Following the completion of the sale, the chief executive officer now owns 982,333 shares of the company’s stock, valued at approximately $84,588,694.63. This represents a 4.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 108,655 shares of company stock worth $9,356,203. Insiders own 5.10% of the company’s stock.

Analyst Upgrades and Downgrades

SCI has been the subject of several research reports. Raymond James raised their target price on Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Oppenheimer boosted their target price on shares of Service Co. International from $86.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. StockNews.com upgraded shares of Service Co. International from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, Truist Financial boosted their price objective on shares of Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Friday, November 1st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Service Co. International presently has an average rating of “Moderate Buy” and a consensus price target of $88.50.

Service Co. International Company Profile

Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery segments. The Funeral segment offers services related to cremations, including the use of home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, memorialization, and catering.