GAMMA Investing LLC Has $168,000 Stock Holdings in Service Co. International (NYSE:SCI)

GAMMA Investing LLC raised its stake in shares of Service Co. International (NYSE:SCI) by 20.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,110 shares of the company’s stock after purchasing an additional 364 shares during the quarter. GAMMA Investing LLC’s holdings in Service Co. International were worth $168,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. M&T Bank Corp boosted its stake in Service Co. International by 1.1% in the 3rd quarter. M&T Bank Corp now owns 11,248 shares of the company’s stock valued at $888,000 after buying an additional 123 shares in the last quarter. Inspire Investing LLC boosted its stake in shares of Service Co. International by 3.1% in the 2nd quarter. Inspire Investing LLC now owns 4,969 shares of the company’s stock valued at $353,000 after purchasing an additional 148 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Service Co. International by 7.8% in the 3rd quarter. UMB Bank n.a. now owns 2,167 shares of the company’s stock worth $171,000 after purchasing an additional 156 shares during the last quarter. Atomi Financial Group Inc. increased its position in shares of Service Co. International by 2.3% during the 3rd quarter. Atomi Financial Group Inc. now owns 7,704 shares of the company’s stock worth $608,000 after purchasing an additional 170 shares in the last quarter. Finally, Moloney Securities Asset Management LLC lifted its holdings in Service Co. International by 1.4% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 13,582 shares of the company’s stock valued at $1,072,000 after purchasing an additional 182 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Service Co. International Stock Performance

Shares of Service Co. International stock opened at $78.60 on Thursday. The firm has a 50 day simple moving average of $84.07 and a 200 day simple moving average of $78.66. Service Co. International has a fifty-two week low of $64.10 and a fifty-two week high of $89.37. The company has a debt-to-equity ratio of 2.91, a current ratio of 0.52 and a quick ratio of 0.48. The firm has a market cap of $11.37 billion, a P/E ratio of 22.85, a P/E/G ratio of 2.51 and a beta of 0.87.

Service Co. International (NYSE:SCI) last released its earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, meeting the consensus estimate of $0.79. Service Co. International had a return on equity of 31.84% and a net margin of 12.19%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the firm earned $0.78 EPS. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. Sell-side analysts predict that Service Co. International will post 3.51 earnings per share for the current fiscal year.

Service Co. International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, December 13th. This is an increase from Service Co. International’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a yield of 1.58%. Service Co. International’s dividend payout ratio is presently 34.88%.

Insider Activity

In other Service Co. International news, VP Elisabeth G. Nash sold 56,100 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $86.13, for a total transaction of $4,831,893.00. Following the transaction, the vice president now owns 109,260 shares in the company, valued at approximately $9,410,563.80. This trade represents a 33.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tony Coelho sold 2,555 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $85.64, for a total value of $218,810.20. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 108,655 shares of company stock valued at $9,356,203. 5.10% of the stock is currently owned by insiders.

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.