Bryn Mawr Capital Management LLC Increases Stock Position in Service Co. International (NYSE:SCI)

Bryn Mawr Capital Management LLC grew its position in shares of Service Co. International (NYSE:SCI) by 55.9% in the fourth quarter, HoldingsChannel reports. The firm owned 15,597 shares of the company’s stock after buying an additional 5,594 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Service Co. International were worth $1,245,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Waldron Private Wealth LLC bought a new position in Service Co. International during the third quarter valued at approximately $57,000. Farther Finance Advisors LLC increased its stake in 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 acquiring an additional 249 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Service Co. International during the 3rd quarter worth approximately $80,000. Quest Partners LLC boosted its position in shares of Service Co. International by 110,300.0% during the 3rd quarter. Quest Partners LLC now owns 1,104 shares of the company’s stock valued at $87,000 after acquiring an additional 1,103 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Service Co. International by 64.3% during the 3rd quarter. Blue Trust Inc. now owns 1,163 shares of the company’s stock valued at $92,000 after acquiring an additional 455 shares during the last quarter. 85.53% of the stock is owned by institutional investors.

Service Co. International Stock Down 0.3 %

NYSE SCI opened at $78.69 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.83. Service Co. International has a 52 week low of $67.19 and a 52 week high of $89.37. The firm has a market capitalization of $11.35 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 1.88 and a beta of 0.87. The company has a fifty day moving average of $78.93 and a two-hundred day moving average of $79.59.

Service Co. International (NYSE:SCI) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.06 EPS for the quarter, hitting analysts’ consensus estimates of $1.06. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. On average, analysts predict that Service Co. International will post 3.85 earnings per share for the current year.

Service Co. International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.63%. This is an increase from Service Co. International’s previous quarterly dividend of $0.31. Service Co. International’s dividend payout ratio is presently 33.80%.

Analyst Upgrades and Downgrades

SCI has been the topic of several research reports. Truist Financial boosted their price target 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. Raymond James boosted their target price 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. Oppenheimer increased their price target on shares of Service Co. International from $86.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, StockNews.com upgraded Service Co. International from a “sell” rating to a “hold” rating in a research report on Tuesday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Service Co. International presently has a consensus rating of “Moderate Buy” and an average target price 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.