Truist Financial Corp Sells 11,811 Shares of Service Co. International (NYSE:SCI)

Truist Financial Corp cut its holdings in shares of Service Co. International (NYSE:SCI) by 7.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 137,217 shares of the company’s stock after selling 11,811 shares during the period. Truist Financial Corp owned 0.09% of Service Co. International worth $9,760,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. TFO Wealth Partners LLC boosted its position in Service Co. International by 12,200.0% during the 4th quarter. TFO Wealth Partners LLC now owns 369 shares of the company’s stock valued at $25,000 after acquiring an additional 366 shares in the last quarter. nVerses Capital LLC raised its holdings 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 purchasing an additional 200 shares in the last quarter. Rise Advisors LLC purchased a new stake in shares of Service Co. International during the first quarter valued at about $31,000. Whittier Trust Co. boosted its holdings in shares of Service Co. International by 406.5% in 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, Blue Trust Inc. grew its position in shares of Service Co. International by 121.9% in the 2nd quarter. Blue Trust Inc. now owns 708 shares of the company’s stock worth $53,000 after buying an additional 389 shares during the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

Service Co. International Trading Down 0.6 %

Shares of Service Co. International stock opened at $76.17 on Friday. The firm’s 50 day simple moving average is $77.40 and its two-hundred day simple moving average is $73.60. The firm 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 has a 12-month low of $52.89 and a 12-month high of $81.32. 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 (NYSE:SCI) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.07). Service Co. International had a return on equity of 32.07% and a net margin of 12.32%. 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 EPS. Service Co. International’s quarterly revenue was up 2.0% compared to the same quarter last year. Analysts predict that Service Co. International will post 3.52 EPS for the current year.

Service Co. International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a $0.30 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a yield of 1.58%. Service Co. International’s payout ratio is 34.48%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on SCI shares. Truist Financial increased their target price on shares of Service Co. International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, June 21st. StockNews.com lowered Service Co. International from a “hold” rating to a “sell” rating in a report on Thursday, August 1st.

Insiders Place Their Bets

In other Service Co. International news, CEO Thomas L. Ryan sold 80,638 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 988,365 shares in the company, valued at approximately $73,109,359.05. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Ellen Ochoa sold 2,642 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total value of $201,875.22. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Thomas L. Ryan sold 80,638 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 988,365 shares of the company’s stock, valued at approximately $73,109,359.05. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.