Raymond James & Associates Acquires 61,919 Shares of Service Co. International (NYSE:SCI)

Raymond James & Associates lifted its holdings in shares of Service Co. International (NYSE:SCI) by 102.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 122,131 shares of the company’s stock after purchasing an additional 61,919 shares during the period. Raymond James & Associates owned 0.08% of Service Co. International worth $9,640,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. nVerses Capital LLC lifted its holdings in Service Co. International by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 400 shares of the company’s stock worth $28,000 after buying an additional 200 shares during the period. Whittier Trust Co. lifted its stake in shares of Service Co. International by 406.5% in the first quarter. Whittier Trust Co. now owns 542 shares of the company’s stock worth $40,000 after acquiring an additional 435 shares during the period. Blue Trust Inc. boosted its holdings in Service Co. International by 121.9% in the second quarter. Blue Trust Inc. now owns 708 shares of the company’s stock valued at $53,000 after acquiring an additional 389 shares during the last quarter. Quarry LP increased its position in Service Co. International by 258.6% during the 2nd quarter. Quarry LP now owns 789 shares of the company’s stock valued at $56,000 after purchasing an additional 569 shares during the period. Finally, EntryPoint Capital LLC bought a new position in Service Co. International during the 1st quarter worth approximately $65,000. Institutional investors own 85.53% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Service Co. International from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st.

Insider Activity

In other Service Co. International news, 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 value of $5,964,792.86. Following the transaction, the chief executive officer now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction, the chief executive officer now 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 filing with the SEC, which is accessible through this hyperlink. Also, Director Ellen Ochoa sold 2,642 shares of the firm’s stock in a transaction 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. Company insiders own 5.10% of the company’s stock.

Service Co. International Stock Up 0.3 %

Shares of Service Co. International stock opened at $76.46 on Wednesday. The firm has a market cap of $11.13 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 2.17 and a beta of 0.84. The stock’s 50-day moving average is $77.43 and its 200 day moving average is $73.91. 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 one year low of $52.89 and a one year high of $81.32.

Service Co. International (NYSE:SCI) last announced 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 return on equity of 32.07% and a net margin of 12.32%. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the business earned $0.83 EPS. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. Equities research analysts anticipate that Service Co. International will post 3.52 EPS for the current year.

Service Co. International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend was Friday, September 13th. Service Co. International’s dividend payout ratio (DPR) is currently 34.48%.

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.