Aptus Capital Advisors LLC Has $4.18 Million Holdings in Service Co. International (NYSE:SCI)

by · The Cerbat Gem

Aptus Capital Advisors LLC increased its stake in shares of Service Co. International (NYSE:SCI – Free Report) by 16.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,891 shares of the company’s stock after acquiring an additional 7,343 shares during the period. Aptus Capital Advisors LLC’s holdings in Service Co. International were worth $4,175,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SCI. Select Equity Group L.P. grew its stake in shares of Service Co. International by 53.5% during the 2nd quarter. Select Equity Group L.P. now owns 7,239,783 shares of the company’s stock worth $514,966,000 after acquiring an additional 2,524,795 shares in the last quarter. Swedbank AB acquired a new stake in Service Co. International in the 1st quarter valued at $224,137,000. Dimensional Fund Advisors LP lifted its position in Service Co. International by 7.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,942,559 shares of the company’s stock worth $138,183,000 after buying an additional 135,017 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in shares of Service Co. International by 3.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 1,810,148 shares of the company’s stock worth $142,875,000 after buying an additional 61,838 shares during the last quarter. Finally, Coho Partners Ltd. grew its holdings in shares of Service Co. International by 10.6% in the 1st quarter. Coho Partners Ltd. now owns 1,685,111 shares of the company’s stock valued at $125,052,000 after acquiring an additional 161,570 shares in the last quarter. 85.53% of the stock is owned by institutional investors.

Service Co. International Stock Down 0.3 %

SCI stock opened at $86.21 on Wednesday. Service Co. International has a 1-year low of $57.49 and a 1-year high of $88.32. The business’s 50 day simple moving average is $78.69 and its 200 day simple moving average is $74.93. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.91. The firm has a market capitalization of $12.47 billion, a PE ratio of 25.06, a PEG ratio of 2.53 and a beta of 0.83.

Service Co. International (NYSE:SCI – Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 earnings per share for the quarter, meeting the consensus estimate of $0.79. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the firm earned $0.78 earnings per share. 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 EPS for the current year.

Service Co. International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.31 per share. This is a boost from Service Co. International’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a yield of 1.44%. The ex-dividend date is Friday, December 13th. Service Co. International’s dividend payout ratio (DPR) is presently 34.88%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SCI shares. StockNews.com downgraded Service Co. International from a “hold” rating to a “sell” rating in a research note on Friday, November 8th. Truist Financial boosted their target price on shares of Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Raymond James increased their price target on shares of Service Co. International from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $85.25.

Get Our Latest Stock Report on SCI

Insider Activity at Service Co. International

In other news, Director Ellen Ochoa sold 2,642 shares of Service Co. International stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total transaction of $201,875.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 4.60% of the stock is currently owned by corporate insiders.

Service Co. International Profile

(Free Report)

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.

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