Dimensional Fund Advisors LP Has $138.18 Million Stake in Service Co. International (NYSE:SCI)

Dimensional Fund Advisors LP boosted its stake in Service Co. International (NYSE:SCI) by 7.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,942,559 shares of the company’s stock after purchasing an additional 135,017 shares during the period. Dimensional Fund Advisors LP owned about 1.35% of Service Co. International worth $138,183,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SCI. Swedbank AB acquired a new stake in Service Co. International during the 1st quarter worth about $224,137,000. Norges Bank acquired a new stake in Service Co. International during the 4th quarter worth about $92,331,000. Jennison Associates LLC grew its holdings in Service Co. International by 430.3% during the 1st quarter. Jennison Associates LLC now owns 357,075 shares of the company’s stock worth $26,499,000 after acquiring an additional 289,741 shares during the period. Corient Private Wealth LLC grew its holdings in Service Co. International by 2,178.3% during the 4th quarter. Corient Private Wealth LLC now owns 234,484 shares of the company’s stock worth $16,050,000 after acquiring an additional 224,192 shares during the period. Finally, Coho Partners Ltd. grew its holdings in Service Co. International by 10.6% during the 1st quarter. Coho Partners Ltd. now owns 1,685,111 shares of the company’s stock worth $125,052,000 after acquiring an additional 161,570 shares during the period. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Service Co. International

In related news, CEO Thomas L. Ryan sold 80,638 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $73.97, for a total value of $5,964,792.86. Following the transaction, the chief executive officer now owns 988,365 shares of the company’s stock, valued at approximately $73,109,359.05. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Service Co. International news, CEO Thomas L. Ryan sold 80,638 shares of Service Co. International stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $73.97, for a total transaction of $5,964,792.86. Following the transaction, the chief executive officer now owns 988,365 shares of the company’s stock, valued at approximately $73,109,359.05. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ellen Ochoa sold 2,642 shares of Service Co. International stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total transaction of $201,875.22. The disclosure for this sale can be found here. 5.10% of the stock is owned by insiders.

Service Co. International Stock Performance

Shares of SCI opened at $79.50 on Friday. 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 50-day moving average of $76.74 and a 200-day moving average of $73.33. The company has a market cap of $11.48 billion, a PE ratio of 22.84, a P/E/G ratio of 2.31 and a beta of 0.84. Service Co. International has a one year low of $52.89 and a one year high of $81.32.

Service Co. International (NYSE:SCI) last issued its 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 firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the business earned $0.83 earnings per share. The business’s quarterly revenue was up 2.0% on a year-over-year basis. On average, equities research analysts predict that Service Co. International will post 3.52 EPS for the current fiscal year.

Service Co. International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors 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 annualized dividend and a yield of 1.51%. Service Co. International’s payout ratio is 34.48%.

Analysts Set New Price Targets

A number of analysts have weighed in on SCI shares. StockNews.com downgraded Service Co. International from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Truist Financial raised their target price on Service Co. International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, June 21st. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $77.60.

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.