Service Co. International (NYSE:SCI) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. raised its stake in Service Co. International (NYSE:SCI) by 20.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,397 shares of the company’s stock after acquiring an additional 234 shares during the period. Blue Trust Inc.’s holdings in Service Co. International were worth $110,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. FMR LLC grew its stake in Service Co. International by 300.6% during the 3rd quarter. FMR LLC now owns 4,055,823 shares of the company’s stock worth $320,126,000 after buying an additional 3,043,354 shares during the last quarter. Verition Fund Management LLC boosted its holdings in shares of Service Co. International by 2,527.9% during the third quarter. Verition Fund Management LLC now owns 293,329 shares of the company’s stock valued at $23,152,000 after acquiring an additional 282,167 shares during the period. Premier Fund Managers Ltd grew its position in shares of Service Co. International by 23.9% during the third quarter. Premier Fund Managers Ltd now owns 1,093,723 shares of the company’s stock worth $85,721,000 after acquiring an additional 210,802 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of 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 acquiring an additional 156,086 shares during the period. Finally, Tidal Investments LLC lifted its position in Service Co. International by 4,977.3% in the 3rd quarter. Tidal Investments LLC now owns 155,567 shares of the company’s stock valued at $12,279,000 after purchasing an additional 152,503 shares during the last quarter. 85.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Service Co. International Stock Performance

Shares of SCI stock opened at $76.86 on Friday. Service Co. International has a fifty-two week low of $65.09 and a fifty-two week high of $89.37. The stock’s 50-day moving average is $81.04 and its two-hundred day moving average is $79.51. 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 $11.12 billion, a P/E ratio of 22.34, a PEG ratio of 2.05 and a beta of 0.87.

Insider Buying and Selling

In related news, VP Elisabeth G. Nash sold 56,100 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $86.13, for a total value of $4,831,893.00. Following the transaction, the vice president now directly owns 109,260 shares of the company’s stock, valued at approximately $9,410,563.80. This trade represents a 33.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas L. Ryan sold 50,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $86.11, for a total transaction of $4,305,500.00. Following the completion of the transaction, the chief executive officer now owns 982,333 shares in the company, valued at $84,588,694.63. The trade was a 4.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 108,655 shares of company stock worth $9,356,203. Insiders own 5.10% of the company’s stock.

Service Co. International Company 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.