Stratos Wealth Partners LTD. Cuts Position in Service Co. International (NYSE:SCI)

Stratos Wealth Partners LTD. lowered its position in Service Co. International (NYSE:SCI) by 11.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,196 shares of the company’s stock after selling 665 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Service Co. International were worth $415,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. FMR LLC grew its holdings in Service Co. International by 300.6% in the 3rd quarter. FMR LLC now owns 4,055,823 shares of the company’s stock valued at $320,126,000 after buying an additional 3,043,354 shares during the period. Geode Capital Management LLC lifted its holdings in Service Co. International by 5.1% in the 3rd quarter. Geode Capital Management LLC now owns 3,211,902 shares of the company’s stock worth $253,567,000 after buying an additional 156,086 shares in the last quarter. Swedbank AB boosted its holdings in Service Co. International by 1.7% in the fourth quarter. Swedbank AB now owns 2,950,020 shares of the company’s stock valued at $235,471,000 after purchasing an additional 50,000 shares during the last quarter. Premier Fund Managers Ltd raised its position in shares of Service Co. International by 23.9% in the 3rd quarter. Premier Fund Managers Ltd now owns 1,093,723 shares of the company’s stock valued at $85,721,000 after purchasing an additional 210,802 shares in the last quarter. Finally, Empower Advisory Group LLC raised its position in shares of Service Co. International by 2.8% in the 3rd quarter. Empower Advisory Group LLC now owns 946,059 shares of the company’s stock valued at $74,672,000 after purchasing an additional 25,713 shares in the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Analysts Set New Price Targets

SCI has been the topic of several research reports. Raymond James upped their price target on Service Co. International from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Truist Financial increased their price target on Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Oppenheimer raised their target price on Service Co. International from $86.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Finally, StockNews.com downgraded Service Co. International from a “hold” rating to a “sell” rating in a report on Monday. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $88.50.

Service Co. International Stock Performance

SCI opened at $75.81 on Thursday. The firm has a market capitalization of $10.96 billion, a P/E ratio of 22.04, a price-to-earnings-growth ratio of 2.01 and a beta of 0.87. The stock’s 50 day moving average price is $79.87 and its two-hundred day moving average price is $79.55. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.91. Service Co. International has a 12-month low of $66.05 and a 12-month high of $89.37.

Service Co. International (NYSE:SCI) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.06 EPS for the quarter, hitting analysts’ consensus estimates of $1.06. Service Co. International had a return on equity of 31.84% and a net margin of 12.19%. On average, equities analysts forecast that Service Co. International will post 3.51 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Thomas L. Ryan sold 50,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $86.11, for a total value of $4,305,500.00. Following the transaction, the chief executive officer now directly owns 982,333 shares in the company, valued at approximately $84,588,694.63. This represents a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Tony Coelho sold 2,555 shares of the company’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 transaction of $218,810.20. Following the sale, the director now directly owns 53,324 shares of the company’s stock, valued at approximately $4,566,667.36. This trade represents a 4.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 108,655 shares of company stock valued at $9,356,203 over the last three months. Company insiders own 5.10% of the company’s stock.

Service Co. International Profile

Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery segments. The Funeral segment offers services related to cremations, including the use of home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, memorialization, and catering.