Resources Management Corp CT ADV Has $1.67 Million Position in Service Co. International (NYSE:SCI)

Resources Management Corp CT ADV grew its stake in Service Co. International (NYSE:SCI) by 1.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,531 shares of the company’s stock after purchasing an additional 297 shares during the period. Resources Management Corp CT ADV’s holdings in Service Co. International were worth $1,674,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Bridgefront Capital LLC acquired a new stake in Service Co. International during the 4th quarter worth approximately $852,000. Boulder Hill Capital Management LP bought a new position in Service Co. International during the 4th quarter worth approximately $2,492,000. Parallel Advisors LLC raised its holdings in Service Co. International by 3.8% during the 4th quarter. Parallel Advisors LLC now owns 4,515 shares of the company’s stock worth $309,000 after purchasing an additional 165 shares during the last quarter. BDF Gestion bought a new position in Service Co. International during the 2nd quarter worth approximately $3,948,000. Finally, Diversify Advisory Services LLC bought a new position in Service Co. International during the 1st quarter worth approximately $865,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Thomas L. Ryan sold 80,638 shares of the business’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 directly 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 Securities & Exchange Commission, which is available through 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 sale, the chief executive officer now directly owns 988,365 shares in the company, valued at approximately $73,109,359.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ellen Ochoa sold 2,642 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total value of $201,875.22. The disclosure for this sale can be found here. 5.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Truist Financial raised their price target 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. StockNews.com lowered shares of Service Co. International from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. One equities 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.60.

Service Co. International Stock Performance

NYSE SCI opened at $79.50 on Tuesday. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 3.05. The company has a market cap of $11.58 billion, a P/E ratio of 22.84, a PEG ratio of 2.31 and a beta of 0.84. The company has a fifty day simple moving average of $76.88 and a 200 day simple moving average of $73.34. Service Co. International has a 12-month low of $52.89 and a 12-month high of $81.32.

Service Co. International (NYSE:SCI) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.07). The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Service Co. International had a return on equity of 32.07% and a net margin of 12.32%. Service Co. International’s revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.83 earnings per share. Sell-side analysts predict that Service Co. International will post 3.52 earnings per share for the current fiscal year.

Service Co. International Dividend Announcement

The business also recently declared 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 currently 34.48%.

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.