Northwest & Ethical Investments L.P. Sells 2,830 Shares of Service Co. International (NYSE:SCI)

Northwest & Ethical Investments L.P. lowered its stake in Service Co. International (NYSE:SCI) by 6.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 39,342 shares of the company’s stock after selling 2,830 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Service Co. International were worth $3,105,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SCI. nVerses Capital LLC lifted its stake in Service Co. International by 100.0% in the second quarter. nVerses Capital LLC now owns 400 shares of the company’s stock valued at $28,000 after buying an additional 200 shares in the last quarter. Blue Trust Inc. lifted its stake 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 buying an additional 389 shares in the last quarter. 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 valued at $56,000 after buying an additional 569 shares in the last quarter. Waldron Private Wealth LLC bought a new position in Service Co. International in the third quarter valued at approximately $57,000. Finally, Farther Finance Advisors LLC lifted its stake in Service Co. International by 36.8% in the third quarter. Farther Finance Advisors LLC now owns 926 shares of the company’s stock valued at $73,000 after buying an additional 249 shares in the last quarter. Institutional investors own 85.53% of the company’s stock.

Insider Buying and Selling

In other Service Co. International news, Director Tony Coelho sold 2,555 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were 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 in the company, valued at $4,566,667.36. The trade was a 4.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Elisabeth G. Nash sold 56,100 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $86.13, for a total transaction of $4,831,893.00. Following the completion of the transaction, the vice president now owns 109,260 shares in the company, valued at approximately $9,410,563.80. This represents a 33.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 108,655 shares of company stock worth $9,356,203. Insiders own 5.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SCI. StockNews.com lowered shares of Service Co. International from a “hold” rating to a “sell” rating in a research note on Friday, November 8th. Raymond James boosted their price objective on shares of Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Truist Financial boosted their price objective on shares of Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $85.25.

Service Co. International Stock Performance

Shares of SCI stock opened at $88.60 on Friday. The firm has a market cap of $12.81 billion, a PE ratio of 25.76, a P/E/G ratio of 2.59 and a beta of 0.83. Service Co. International has a 12 month low of $60.60 and a 12 month high of $89.31. The company’s fifty day simple moving average is $80.41 and its 200-day simple moving average is $76.25. 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 (NYSE:SCI) last issued its earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.79. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.02 billion. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.78 earnings per share. Equities research analysts expect that Service Co. International will post 3.51 EPS for the current fiscal year.

Service Co. International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.40%. This is an increase from Service Co. International’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, December 13th. Service Co. International’s payout ratio is presently 34.88%.

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.