Zurcher Kantonalbank Zurich Cantonalbank Reduces Stock Position in Service Co. International (NYSE:SCI)

Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in shares of Service Co. International (NYSE:SCI) by 2.4% during the third quarter, HoldingsChannel.com reports. The fund owned 31,999 shares of the company’s stock after selling 785 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Service Co. International were worth $2,526,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in SCI. nVerses Capital LLC boosted its holdings in shares of Service Co. International by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 400 shares of the company’s stock valued at $28,000 after acquiring an additional 200 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Service Co. International by 121.9% during the 2nd quarter. Blue Trust Inc. now owns 708 shares of the company’s stock valued at $53,000 after acquiring an additional 389 shares during the last quarter. Quarry LP lifted its stake in shares of Service Co. International by 258.6% in the 2nd quarter. Quarry LP now owns 789 shares of the company’s stock worth $56,000 after purchasing an additional 569 shares during the period. Waldron Private Wealth LLC bought a new position in shares of Service Co. International in the 3rd quarter worth approximately $57,000. Finally, Farther Finance Advisors LLC lifted its stake 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 worth $73,000 after purchasing an additional 249 shares during the period. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Insider Buying and Selling at Service Co. International

In related news, 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 value of $4,305,500.00. Following the completion of the transaction, the chief executive officer now directly 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 document filed with the SEC, which can be accessed through this hyperlink. Also, Director Tony Coelho sold 2,555 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $85.64, for a total transaction of $218,810.20. Following the completion of 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 in the last three months. 4.60% of the stock is currently owned by corporate insiders.

Service Co. International Price Performance

NYSE SCI opened at $87.91 on Wednesday. Service Co. International has a 12 month low of $61.38 and a 12 month high of $89.37. The stock has a market cap of $12.71 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 2.57 and a beta of 0.85. The company’s 50 day moving average is $80.94 and its two-hundred day moving average is $76.71. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.91.

Service Co. International (NYSE:SCI) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.79. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the firm posted $0.78 EPS. The company’s revenue was up 1.2% on a year-over-year basis. As a group, research analysts anticipate that Service Co. International will post 3.51 earnings per share for the current year.

Service Co. International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.31 per share. This is a positive change 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 1.41%. The ex-dividend date of this dividend is Friday, December 13th. Service Co. International’s dividend payout ratio (DPR) is 34.88%.

Wall Street Analysts Forecast Growth

SCI has been the topic of several recent research reports. Truist Financial increased 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 note on Friday, November 1st. StockNews.com cut shares of Service Co. International from a “hold” rating to a “sell” rating in a research note on Friday, November 8th. Finally, Raymond James increased 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 note on Friday, November 1st. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Service Co. International presently has an average rating of “Moderate Buy” and an average price target of $85.25.

Service Co. International 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.