Central Pacific Bank Trust Division Trims Stake in Service Co. International (NYSE:SCI)

Central Pacific Bank Trust Division lessened its position in Service Co. International (NYSE:SCI) by 77.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 950 shares of the company’s stock after selling 3,255 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Service Co. International were worth $75,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Bridgefront Capital LLC purchased a new position in Service Co. International during the fourth quarter valued at $852,000. BDF Gestion purchased a new position in Service Co. International during the 2nd quarter valued at about $3,948,000. Diversify Advisory Services LLC bought a new stake in Service Co. International during the first quarter worth about $865,000. Boston Trust Walden Corp grew its holdings in Service Co. International by 2.7% in the second quarter. Boston Trust Walden Corp now owns 684,846 shares of the company’s stock worth $48,713,000 after purchasing an additional 17,874 shares during the period. Finally, Sei Investments Co. increased its stake in shares of Service Co. International by 12.8% during the first quarter. Sei Investments Co. now owns 103,477 shares of the company’s stock valued at $7,680,000 after purchasing an additional 11,709 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Truist Financial upped their price target on Service Co. International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, June 21st. StockNews.com lowered Service Co. International from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st.

Insider Activity

In related news, Director Ellen Ochoa sold 2,642 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total value of $201,875.22. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Thomas L. Ryan sold 80,638 shares of the stock in a transaction that occurred on 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 in the company, valued at $73,109,359.05. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ellen Ochoa sold 2,642 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were 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 corporate insiders.

Service Co. International Stock Down 0.6 %

SCI traded down $0.46 during trading on Friday, hitting $76.17. 971,992 shares of the company’s stock traded hands, compared to its average volume of 791,173. The company’s 50 day simple moving average is $77.40 and its two-hundred day simple moving average is $73.60. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 3.05. Service Co. International has a 12-month low of $52.89 and a 12-month high of $81.32. The stock has a market capitalization of $11.00 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 2.23 and a beta of 0.84.

Service Co. International (NYSE:SCI) last released its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the business earned $0.83 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. Analysts predict that Service Co. International will post 3.52 earnings per share for the current fiscal year.

Service Co. International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a dividend of $0.30 per share. The ex-dividend date was Friday, September 13th. This represents a $1.20 annualized dividend and a dividend yield of 1.58%. Service Co. International’s payout ratio is 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.