Plimoth Trust Co. LLC Sells 200 Shares of Service Co. International (NYSE:SCI)

Plimoth Trust Co. LLC decreased its holdings in shares of Service Co. International (NYSE:SCI) by 5.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,360 shares of the company’s stock after selling 200 shares during the quarter. Plimoth Trust Co. LLC’s holdings in Service Co. International were worth $249,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB boosted its position in shares of Service Co. International by 0.5% in the fourth quarter. Handelsbanken Fonder AB now owns 1,920,710 shares of the company’s stock valued at $131,473,000 after acquiring an additional 10,000 shares during the period. Norges Bank bought a new position in Service Co. International during the fourth quarter worth $92,331,000. Charles Schwab Investment Management Inc. raised its stake in Service Co. International by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 908,456 shares of the company’s stock valued at $62,184,000 after purchasing an additional 9,381 shares during the last quarter. Premier Fund Managers Ltd boosted its holdings in Service Co. International by 0.7% in the 4th quarter. Premier Fund Managers Ltd now owns 802,004 shares of the company’s stock valued at $55,030,000 after purchasing an additional 5,693 shares during the period. Finally, Boston Trust Walden Corp grew its position in Service Co. International by 3.2% in the 4th quarter. Boston Trust Walden Corp now owns 673,914 shares of the company’s stock worth $46,129,000 after purchasing an additional 20,879 shares during the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on SCI. Truist Financial upped 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 report on Friday, June 21st. Oppenheimer lifted their price objective on Service Co. International from $76.00 to $79.00 and gave the stock an “outperform” rating in a report on Wednesday, May 22nd. Finally, UBS Group raised their target price on Service Co. International from $83.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.00.

Insider Transactions at Service Co. International

In other Service Co. International news, Director Victor L. Lund sold 7,606 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $70.00, for a total value of $532,420.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Service Co. International news, Director Victor L. Lund sold 1,011 shares of the stock in a transaction on Friday, April 12th. The stock was sold at an average price of $70.00, for a total value of $70,770.00. Following the transaction, the director now directly owns 7,606 shares in the company, valued at approximately $532,420. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Victor L. Lund sold 7,606 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $70.00, for a total value of $532,420.00. The disclosure for this sale can be found here. Insiders have sold 11,517 shares of company stock valued at $813,092 in the last three months. 4.60% of the stock is owned by corporate insiders.

Service Co. International Trading Down 0.5 %

Shares of SCI opened at $70.08 on Thursday. The company has a current ratio of 0.62, a quick ratio of 0.57 and a debt-to-equity ratio of 2.90. The stock has a market cap of $10.20 billion, a PE ratio of 20.14, a PEG ratio of 1.90 and a beta of 0.84. Service Co. International has a 1 year low of $52.89 and a 1 year high of $75.97. The stock has a 50 day simple moving average of $71.03 and a 200-day simple moving average of $70.60.

Service Co. International (NYSE:SCI) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.04. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Service Co. International had a return on equity of 32.23% and a net margin of 12.73%. The business’s revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.93 earnings per share. On average, sell-side analysts predict that Service Co. International will post 3.66 EPS for the current fiscal year.

Service Co. International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders 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 1.71%. Service Co. International’s dividend payout ratio (DPR) is presently 34.48%.

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.