TIAA Trust National Association Sells 743 Shares of Service Co. International (NYSE:SCI)

TIAA Trust National Association cut its position in Service Co. International (NYSE:SCI) by 14.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,534 shares of the company’s stock after selling 743 shares during the quarter. TIAA Trust National Association’s holdings in Service Co. International were worth $323,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bridgefront Capital LLC bought a new position in shares of Service Co. International in the 4th quarter valued at about $852,000. Boulder Hill Capital Management LP acquired a new stake in Service Co. International in the 4th quarter valued at about $2,492,000. International Assets Investment Management LLC grew its holdings in Service Co. International by 6,783.1% during the fourth quarter. International Assets Investment Management LLC now owns 11,839 shares of the company’s stock worth $810,000 after purchasing an additional 11,667 shares during the period. Parallel Advisors LLC increased its position in Service Co. International by 3.8% during the fourth quarter. Parallel Advisors LLC now owns 4,515 shares of the company’s stock worth $309,000 after buying an additional 165 shares during the last quarter. Finally, BDF Gestion bought a new stake in Service Co. International in the second quarter valued at approximately $3,948,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SCI. StockNews.com downgraded Service Co. International from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Oppenheimer lifted their price objective on shares of Service Co. International from $76.00 to $79.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 22nd. UBS Group increased their price objective on shares of Service Co. International from $83.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Finally, Truist Financial lifted their target price on shares of Service Co. International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, June 21st. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $77.60.

Service Co. International Stock Down 0.7 %

SCI stock opened at $77.91 on Friday. Service Co. International has a fifty-two week low of $52.89 and a fifty-two week high of $80.37. The company has a debt-to-equity ratio of 3.05, a current ratio of 0.55 and a quick ratio of 0.51. The stock has a market capitalization of $11.34 billion, a price-to-earnings ratio of 22.39, a PEG ratio of 2.25 and a beta of 0.84. The business’s fifty day moving average price is $74.72 and its two-hundred day moving average price is $72.77.

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

Service Co. International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.54%. Service Co. International’s payout ratio is 34.48%.

Insider Activity

In related news, Director Tony Coelho sold 2,900 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $72.38, for a total transaction of $209,902.00. Following the sale, the director now owns 60,629 shares of the company’s stock, valued at $4,388,327.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Thomas L. Ryan sold 80,638 shares of the business’s 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 completion of the transaction, the chief executive officer now owns 988,365 shares of the company’s stock, valued at $73,109,359.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Tony Coelho sold 2,900 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $72.38, for a total transaction of $209,902.00. Following the sale, the director now directly owns 60,629 shares of the company’s stock, valued at approximately $4,388,327.02. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 86,180 shares of company stock worth $6,376,570. Corporate insiders own 5.10% of the company’s stock.

Service Co. International Company Profile

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.