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Whittier Trust Co. bought shares of Service Co. International (NYSE:SCI).


Whittier Trust Co. increased its stake in Service Co. International (NYSE:SCI – Free Report) by 406.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The company owned 542 shares of the company’s stock after purchasing an additional 435 shares during the quarter. Whittier Trust Co.’s holdings in Service Co. International were worth $40,000, according to the company’s most recent filing with the SEC.

Other hedge funds have also recently made changes to their hold on the company. Handelsbanken Fonder AB increased its holdings in shares of Service Co. International by 0.5% in the fourth quarter. Handelsbanken Fonder AB now owns 1,920,710 shares of the company’s stock valued at $131,473,000 after acquiring an additional 10,000 shares during the period. Norges Bank acquired a new stake in Service Co. International in the fourth quarter valued at about $92,331,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Service Co. International by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 908,456 shares of the company’s stock valued at $62,184,000 after acquiring an additional 9,381 shares in the last quarter. Premier Fund Managers Ltd increased its holdings in shares of Service Co. International by 0.7% in the fourth quarter. Premier Fund Managers Ltd now owns 802,004 shares of the company’s stock valued at $55,030,000 after purchasing an additional 5,693 shares during the period. Finally, Boston Trust Walden Corp increased its holdings in Service Co. International by 3.2% in the 4th quarter. Boston Trust Walden Corp now owns 673,914 shares of the company’s stock valued at $46,129,000 after purchasing an additional 20,879 shares during the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Upgrades and downgrades by analysts

Several equities analysts have commented on SCI shares. UBS Group increased their price target on shares of Service Co. International from $83.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, May 17. Truist Financial increased their price target on shares of Service Co. International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, June 21. Finally, Oppenheimer increased their price target on Service Co. International from $76.00 to $79.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 22. One research analyst has assigned the stock a “hold” rating and five have assigned the stock a “buy” rating. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $78.00.

Check out our latest research report on SCI

Insider transactions at Service Co. International

In related news, Director Tony Coelho sold 2,900 shares of the company’s stock in a transaction that occurred on Friday, June 14. The shares were sold at an average price of $72.38, for a total value of $209,902.00. Following the completion of the sale, the director now owns 60,629 shares of the company’s stock, valued at $4,388,327.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC’s website. In other Service Co. International news, Director Victor L. Lund sold 1,011 shares of Service Co. International stock in a transaction that occurred on Friday, April 12. The shares were sold at an average price of $70.00, for a total value of $70,770.00. Following the sale, the director now owns 7,606 shares of the company’s stock, valued at $532,420. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC’s website. Also, Director Tony Coelho sold 2,900 shares of the company’s stock on Friday, June 14. The shares were sold at an average price of $72.38, for a total value of $209,902.00. Following the completion of the transaction, the director now directly owns 60,629 shares of the company’s stock, valued at approximately $4,388,327.02. The disclosure of this sale can be found here. Insiders have sold a total of 11,517 shares of the company’s stock during the last quarter, valued at $813,092. Company insiders own 4.60% of the company’s stock.

Service Co. International share price development

SCI opened at $69.72 on Thursday. Service Co. International has a twelve month low of $52.89 and a twelve month high of $75.97. The company has a market cap of $10.15 billion, a P/E ratio of 20.03, a PEG ratio of 1.89 and a beta of 0.84. The company has a current ratio of 0.62, a quick ratio of 0.57 and a debt-to-equity ratio of 2.90. The company’s 50-day average price is $70.83 and its 200-day average price is $70.65.

Service Co. International (NYSE:SCI – Get Free Report) last released its earnings results on Wednesday, May 1. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.04. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.02 billion. Service Co. International had a net margin of 12.73% and a return on equity of 32.23%. The company’s revenue grew 1.6% year-over-year. During the same period last year, the company reported earnings per share of $0.93. As a group, sell-side analysts expect Service Co. International to report earnings per share of $3.66 for the current fiscal year.

Service Co. International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a dividend of $0.30. This represents a dividend of $1.20 on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend was Friday, June 14th. Service Co. International’s dividend payout ratio (DPR) is currently 34.48%.

About Service Co. International

(Free report)

Service Corporation International provides funeral products and services in the United States and Canada. Funeral and cemetery operations include burial sites, cemeteries, combination funeral/cemetery sites, crematoriums and other businesses. The company also provides professional services related to funerals and cremations, including use of funeral facilities and motor vehicles, arranging and directing services, and transportation, preparation, embalming, cremation, memorialization and travel protection, and catering services.

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Institutional Ownership by Quarter for Service Co. International (NYSE:SCI)



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