Service Co. International (NYSE:SCI) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers decreased its position in Service Co. International (NYSE:SCI) by 4.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,797 shares of the company’s stock after selling 871 shares during the period. Cetera Investment Advisers’ holdings in Service Co. International were worth $1,266,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SCI. Goldman Sachs Group Inc. boosted its position in shares of Service Co. International by 17.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 310,134 shares of the company’s stock worth $21,229,000 after purchasing an additional 46,217 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Service Co. International by 16.1% in the first quarter. GAMMA Investing LLC now owns 1,254 shares of the company’s stock valued at $93,000 after acquiring an additional 174 shares in the last quarter. Rise Advisors LLC purchased a new stake in shares of Service Co. International in the first quarter valued at about $31,000. Perpetual Ltd boosted its holdings in shares of Service Co. International by 9.5% in the first quarter. Perpetual Ltd now owns 116,609 shares of the company’s stock valued at $8,654,000 after acquiring an additional 10,117 shares in the last quarter. Finally, Sanders Morris Harris LLC purchased a new stake in Service Co. International during the first quarter worth about $441,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SCI. Truist Financial boosted their price objective 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 downgraded shares of Service Co. International from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st.

Service Co. International Trading Up 1.1 %

SCI opened at $76.28 on Thursday. The stock has a market capitalization of $11.11 billion, a PE ratio of 21.92, a P/E/G ratio of 2.15 and a beta of 0.84. The firm’s fifty day moving average price is $77.26 and its 200 day moving average price is $73.66. The company has a debt-to-equity ratio of 3.05, a current ratio of 0.55 and a quick ratio of 0.51. 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 issued its earnings results 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 return on equity of 32.07% and a net margin of 12.32%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the company posted $0.83 earnings per share. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, research analysts expect that Service Co. International will post 3.52 EPS for the current fiscal year.

Service Co. International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a yield of 1.57%. Service Co. International’s dividend payout ratio is presently 34.48%.

Insider Activity at Service Co. International

In other 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 transaction of $5,964,792.86. Following the completion of the transaction, the chief executive officer now owns 988,365 shares in the company, valued at approximately $73,109,359.05. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Ellen Ochoa sold 2,642 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas L. Ryan sold 80,638 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $73.97, for a total transaction of $5,964,792.86. Following the completion of the sale, the chief executive officer now directly owns 988,365 shares of the company’s stock, valued at $73,109,359.05. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by insiders.

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.