Amalgamated Bank Sells 7,701 Shares of Service Co. International (NYSE:SCI)

Amalgamated Bank reduced its holdings in shares of Service Co. International (NYSE:SCI) by 8.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 82,014 shares of the company’s stock after selling 7,701 shares during the period. Amalgamated Bank owned about 0.06% of Service Co. International worth $5,834,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SCI. TFO Wealth Partners LLC increased its stake in shares of Service Co. International by 12,200.0% in the 4th quarter. TFO Wealth Partners LLC now owns 369 shares of the company’s stock worth $25,000 after purchasing an additional 366 shares in the last quarter. nVerses Capital LLC increased its position in Service Co. International by 100.0% in the second quarter. nVerses Capital LLC now owns 400 shares of the company’s stock worth $28,000 after buying an additional 200 shares in the last quarter. Rise Advisors LLC bought a new position in shares of Service Co. International in the first quarter worth about $31,000. Whittier Trust Co. lifted its position in shares of Service Co. International by 406.5% during the 1st quarter. Whittier Trust Co. now owns 542 shares of the company’s stock valued at $40,000 after buying an additional 435 shares in the last quarter. Finally, ICA Group Wealth Management LLC bought a new position in shares of Service Co. International during the 4th quarter valued at approximately $42,000. 85.53% of the stock is currently owned by institutional investors.

Service Co. International Price Performance

SCI stock opened at $79.50 on Friday. The company has a market capitalization of $11.48 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 2.31 and a beta of 0.84. The company’s fifty day moving average price is $76.74 and its 200-day moving average price is $73.33. Service Co. International has a one year low of $52.89 and a one year high of $81.32. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.51 and a current ratio of 0.55.

Service Co. International (NYSE:SCI) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the business earned $0.83 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, equities analysts anticipate that Service Co. International will post 3.52 EPS for the current fiscal year.

Service Co. International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Friday, September 13th. Service Co. International’s dividend payout ratio (DPR) is presently 34.48%.

Analyst Upgrades and Downgrades

SCI has been the topic of several analyst reports. Truist Financial lifted their price target on shares of Service Co. International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Friday, June 21st. StockNews.com cut shares of Service Co. International from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Service Co. International presently has a consensus rating of “Moderate Buy” and an average target price of $77.60.

Insider Buying and Selling

In other Service Co. International news, Director Ellen Ochoa sold 2,642 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total transaction of $201,875.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Ellen Ochoa sold 2,642 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total transaction of $201,875.22. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Thomas L. Ryan sold 80,638 shares of Service Co. International 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 approximately $73,109,359.05. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by company insiders.

Service Co. International 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.