Tidal Investments LLC Increases Stock Holdings in Service Co. International (NYSE:SCI)

Tidal Investments LLC lifted its holdings in shares of Service Co. International (NYSE:SCI) by 4,977.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 155,567 shares of the company’s stock after purchasing an additional 152,503 shares during the quarter. Tidal Investments LLC owned about 0.11% of Service Co. International worth $12,279,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. nVerses Capital LLC increased 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 purchasing an additional 200 shares during the period. Blue Trust Inc. increased its stake in shares of Service Co. International by 121.9% during the second quarter. Blue Trust Inc. now owns 708 shares of the company’s stock worth $53,000 after buying an additional 389 shares during the period. Quarry LP lifted its stake in Service Co. International by 258.6% in the second quarter. Quarry LP now owns 789 shares of the company’s stock worth $56,000 after acquiring an additional 569 shares during the last quarter. Waldron Private Wealth LLC acquired a new position in Service Co. International during the 3rd quarter worth approximately $57,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of Service Co. International by 36.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 926 shares of the company’s stock valued at $73,000 after purchasing an additional 249 shares in the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Service Co. International Stock Up 0.3 %

SCI opened at $86.22 on Friday. Service Co. International has a one year low of $64.10 and a one year high of $89.37. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.48 and a current ratio of 0.52. The stock has a market capitalization of $12.47 billion, a P/E ratio of 25.06, a price-to-earnings-growth ratio of 2.51 and a beta of 0.85. The business’s 50-day simple moving average is $82.12 and its 200-day simple moving average is $77.40.

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

Service Co. International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, December 13th. This is a boost from Service Co. International’s previous quarterly dividend of $0.30. Service Co. International’s dividend payout ratio is 34.88%.

Analyst Upgrades and Downgrades

SCI has been the subject of several analyst reports. StockNews.com raised Service Co. International from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th. 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 report on Friday, November 1st. Finally, Raymond James raised their price objective on shares of Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $85.25.

Insider Buying and Selling

In other Service Co. International news, VP Elisabeth G. Nash sold 56,100 shares of Service Co. International 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 sale, the vice president now owns 109,260 shares of the company’s stock, valued at approximately $9,410,563.80. The trade was a 33.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tony Coelho sold 2,555 shares of the 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 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. Insiders sold a total of 108,655 shares of company stock valued at $9,356,203 over the last three months. 5.10% of the stock is currently owned by company insiders.

About Service Co. International

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.