Central Pacific Bank Trust Division Has $51,000 Stake in Service Co. International (NYSE:SCI)

Central Pacific Bank Trust Division lowered its position in Service Co. International (NYSE:SCI) by 32.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 639 shares of the company’s stock after selling 311 shares during the period. Central Pacific Bank Trust Division’s holdings in Service Co. International were worth $51,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCI. nVerses Capital LLC lifted its position in shares of Service Co. International by 75.0% in the third quarter. nVerses Capital LLC now owns 700 shares of the company’s stock worth $55,000 after buying an additional 300 shares during the last quarter. Quarry LP boosted its position in Service Co. International by 258.6% during the second quarter. Quarry LP now owns 789 shares of the company’s stock worth $56,000 after purchasing an additional 569 shares during the period. Waldron Private Wealth LLC acquired a new position in Service Co. International during the third quarter valued at approximately $57,000. Farther Finance Advisors LLC raised its position in shares of Service Co. International by 36.8% in the third quarter. Farther Finance Advisors LLC now owns 926 shares of the company’s stock valued at $73,000 after purchasing an additional 249 shares during the period. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Service Co. International in the third quarter worth $80,000. Institutional investors own 85.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Truist Financial raised their target price on shares of Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Oppenheimer lifted their price target on Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. StockNews.com raised Service Co. International from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, Raymond James boosted their target price on shares of Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.50.

Service Co. International Price Performance

Shares of SCI stock opened at $77.72 on Monday. The company has a market capitalization of $11.24 billion, a P/E ratio of 22.59, a P/E/G ratio of 2.51 and a beta of 0.87. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.91. Service Co. International has a 12 month low of $64.10 and a 12 month high of $89.37. The stock has a 50 day moving average of $84.01 and a two-hundred day moving average of $78.54.

Service Co. International (NYSE:SCI) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.79. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the company earned $0.78 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts expect that Service Co. International will post 3.51 EPS for the current year.

Service Co. International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.31 per share. This is a boost from Service Co. International’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.24 dividend on an annualized basis and a yield of 1.60%. Service Co. International’s dividend payout ratio (DPR) is currently 34.88%.

Insider Activity

In other news, Director Tony Coelho sold 2,555 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $85.64, for a total value of $218,810.20. Following the transaction, the director now directly owns 53,324 shares of the company’s stock, valued at $4,566,667.36. The trade was a 4.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Elisabeth G. Nash sold 56,100 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $86.13, for a total value of $4,831,893.00. Following the sale, the vice president now directly owns 109,260 shares of the company’s stock, valued at $9,410,563.80. This represents a 33.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 108,655 shares of company stock worth $9,356,203. Company insiders own 5.10% of the company’s stock.

Service Co. International 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.