Proficio Capital Partners LLC Purchases 293,785 Shares of Service Co. International (NYSE:SCI)

Proficio Capital Partners LLC raised its position in Service Co. International (NYSE:SCI) by 8,471.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 297,253 shares of the company’s stock after buying an additional 293,785 shares during the quarter. Proficio Capital Partners LLC’s holdings in Service Co. International were worth $23,727,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Franklin Resources Inc. lifted its stake in shares of Service Co. International by 263.1% in the 3rd quarter. Franklin Resources Inc. now owns 15,912 shares of the company’s stock valued at $1,206,000 after purchasing an additional 11,530 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Service Co. International by 7,802.1% in the 3rd quarter. International Assets Investment Management LLC now owns 7,586 shares of the company’s stock valued at $599,000 after purchasing an additional 7,490 shares during the period. Geode Capital Management LLC lifted its stake in shares of Service Co. International by 5.1% in the 3rd 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. Premier Fund Managers Ltd lifted its stake in shares of 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 during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Service Co. International by 1.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 185,277 shares of the company’s stock valued at $14,348,000 after purchasing an additional 3,375 shares during the period. Institutional investors and hedge funds own 85.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have 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 Wednesday. Oppenheimer raised their price objective on Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Truist Financial raised their price objective on Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. 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 note on Friday, November 1st. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Service Co. International has an average rating of “Moderate Buy” and a consensus target price of $88.50.

Service Co. International Stock Performance

Shares of Service Co. International stock opened at $81.10 on Friday. The stock’s fifty day simple moving average is $78.53 and its 200 day simple moving average is $79.81. The company has a market capitalization of $11.70 billion, a PE ratio of 22.85, a PEG ratio of 1.90 and a beta of 0.87. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.83. Service Co. International has a 12 month low of $67.19 and a 12 month high of $89.37.

Service Co. International (NYSE:SCI) last released its earnings results on Wednesday, February 12th. The company reported $1.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.06. Service Co. International had a return on equity of 32.18% and a net margin of 12.39%. On average, research analysts predict that Service Co. International will post 3.84 EPS for the current year.

Service Co. International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Friday, March 14th. This is a boost from Service Co. International’s previous quarterly dividend of $0.31. Service Co. International’s dividend payout ratio is 36.06%.

Service Co. International 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.