Empower Advisory Group LLC Has $76.61 Million Position in Service Co. International (NYSE:SCI)

Empower Advisory Group LLC boosted its stake in shares of Service Co. International (NYSE:SCI) by 1.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 959,823 shares of the company’s stock after purchasing an additional 13,764 shares during the quarter. Empower Advisory Group LLC’s holdings in Service Co. International were worth $76,613,000 at the end of the most recent quarter.

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

Service Co. International Price Performance

Shares of Service Co. International stock opened at $77.13 on Tuesday. The firm has a market cap of $11.15 billion, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 2.01 and a beta of 0.87. The firm’s 50-day simple moving average is $79.38 and its 200-day simple moving average is $79.56. Service Co. International has a twelve month low of $67.19 and a twelve month 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.

Service Co. International (NYSE:SCI) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.06. Service Co. International had a return on equity of 31.84% and a net margin of 12.19%. As a group, research analysts expect that Service Co. International will post 3.51 EPS for the current fiscal year.

Insider Activity at Service Co. International

In other Service Co. International news, Director Tony Coelho sold 2,555 shares of Service Co. International stock in a transaction 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 completion of the transaction, the director now owns 53,324 shares in the company, valued at approximately $4,566,667.36. The trade was a 4.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas L. Ryan sold 50,000 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was 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 in the company, valued at approximately $84,588,694.63. This represents a 4.84 % decrease in their position. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SCI. StockNews.com raised shares of Service Co. International from a “sell” rating to a “hold” rating in a report on Tuesday. Truist Financial increased their target price on shares of Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Oppenheimer boosted their price target on Service Co. International from $86.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Finally, Raymond James raised their price objective on Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. One 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $88.50.

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.