Service Co. International (NYSE:SCI) Shares Sold by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA cut its stake in shares of Service Co. International (NYSE:SCI) by 11.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,555 shares of the company’s stock after selling 1,380 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Service Co. International were worth $842,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC lifted its stake in shares of Service Co. International by 300.6% in the 3rd quarter. FMR LLC now owns 4,055,823 shares of the company’s stock worth $320,126,000 after acquiring an additional 3,043,354 shares during the period. Geode Capital Management LLC lifted its position in Service Co. International by 5.1% in the third quarter. Geode Capital Management LLC now owns 3,211,902 shares of the company’s stock valued at $253,567,000 after purchasing an additional 156,086 shares during the period. Swedbank AB boosted its holdings in Service Co. International by 1.7% in the 4th quarter. Swedbank AB now owns 2,950,020 shares of the company’s stock valued at $235,471,000 after purchasing an additional 50,000 shares in the last quarter. Premier Fund Managers Ltd boosted its holdings in Service Co. International by 23.9% in the 3rd quarter. Premier Fund Managers Ltd now owns 1,093,723 shares of the company’s stock valued at $85,721,000 after purchasing an additional 210,802 shares in the last quarter. Finally, Empower Advisory Group LLC increased its position in Service Co. International by 2.8% during the 3rd quarter. Empower Advisory Group LLC now owns 946,059 shares of the company’s stock worth $74,672,000 after purchasing an additional 25,713 shares during the period. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Service Co. International Trading Down 5.3 %

Shares of SCI stock opened at $77.13 on Friday. The stock has a market cap of $11.15 billion, a P/E ratio of 22.42, a P/E/G ratio of 2.01 and a beta of 0.87. 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 has a fifty-two week low of $67.19 and a fifty-two week high of $89.37. The business has a fifty day simple moving average of $79.57 and a 200-day simple moving average of $79.55.

Service Co. International (NYSE:SCI) last posted its earnings results on Wednesday, February 12th. The company reported $1.06 earnings per share for the quarter, meeting the consensus estimate of $1.06. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. On average, analysts forecast that Service Co. International will post 3.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. StockNews.com downgraded Service Co. International from a “hold” rating to a “sell” rating in a research note on Monday, February 10th. Oppenheimer upped their price target on shares of Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Raymond James raised 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 note on Friday, November 1st. Finally, Truist Financial upped their target price 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 analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat, Service Co. International currently has an average rating of “Moderate Buy” and a consensus target price of $88.50.

Insider Buying and Selling

In other Service Co. International news, CEO Thomas L. Ryan sold 50,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was 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 of the company’s stock, valued at approximately $84,588,694.63. This trade represents a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 value of $4,831,893.00. Following the completion of the sale, the vice president now owns 109,260 shares in the company, valued at $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. Insiders sold 108,655 shares of company stock worth $9,356,203 in the last ninety days. Insiders own 5.10% of the company’s stock.

About Service Co. International

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.