Truist Financial Corp Sells 7,053 Shares of Service Co. International (NYSE:SCI)

Truist Financial Corp reduced its stake in Service Co. International (NYSE:SCI) by 5.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,881 shares of the company’s stock after selling 7,053 shares during the quarter. Truist Financial Corp’s holdings in Service Co. International were worth $9,569,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its position in Service Co. International by 36.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 926 shares of the company’s stock valued at $73,000 after acquiring an additional 249 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Service Co. International in the 3rd quarter valued at $80,000. Quest Partners LLC increased its stake in Service Co. International by 110,300.0% in the 3rd quarter. Quest Partners LLC now owns 1,104 shares of the company’s stock valued at $87,000 after buying an additional 1,103 shares during the last quarter. Blue Trust Inc. increased its stake in Service Co. International by 64.3% in the 3rd quarter. Blue Trust Inc. now owns 1,163 shares of the company’s stock valued at $92,000 after buying an additional 455 shares during the last quarter. Finally, Allworth Financial LP increased its stake in Service Co. International by 29.1% in the 3rd quarter. Allworth Financial LP now owns 1,327 shares of the company’s stock valued at $105,000 after buying an additional 299 shares during the last quarter. 85.53% of the stock is owned by institutional investors.

Service Co. International Stock Up 0.4 %

Shares of SCI opened at $78.97 on Friday. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.48 and a current ratio of 0.52. The firm has a market cap of $11.39 billion, a P/E ratio of 22.25, a price-to-earnings-growth ratio of 1.91 and a beta of 0.87. Service Co. International has a 52 week low of $67.19 and a 52 week high of $89.37. The firm’s 50-day simple moving average is $78.80 and its 200 day simple moving average is $79.64.

Service Co. International (NYSE:SCI) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $1.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.06. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. On average, analysts forecast that Service Co. International will post 3.84 earnings per share for the current year.

Service Co. International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.32 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.28 dividend on an annualized basis and a yield of 1.62%. This is an increase from Service Co. International’s previous quarterly dividend of $0.31. Service Co. International’s payout ratio is currently 33.80%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Truist Financial lifted 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. StockNews.com upgraded shares of Service Co. International from a “sell” rating to a “hold” rating in a research note on Tuesday. Oppenheimer boosted their price objective on shares of Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Finally, Raymond James boosted their price objective on shares of Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Service Co. International has a consensus rating of “Moderate Buy” and a consensus price target of $88.50.

Service Co. International 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.