Sanders Morris Harris LLC Sells 1,949 Shares of Service Co. International (NYSE:SCI)

Sanders Morris Harris LLC reduced its stake in shares of Service Co. International (NYSE:SCI) by 32.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,000 shares of the company’s stock after selling 1,949 shares during the quarter. Sanders Morris Harris LLC’s holdings in Service Co. International were worth $323,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. nVerses Capital LLC increased its stake in shares of Service Co. International by 75.0% in the third quarter. nVerses Capital LLC now owns 700 shares of the company’s stock worth $55,000 after purchasing an additional 300 shares during the period. Waldron Private Wealth LLC bought a new position in shares of Service Co. International in the third quarter worth about $57,000. Quarry LP increased its stake in shares of Service Co. International by 258.6% in the second quarter. Quarry LP now owns 789 shares of the company’s stock worth $56,000 after purchasing an additional 569 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Service Co. International by 36.8% in the third quarter. Farther Finance Advisors LLC now owns 926 shares of the company’s stock worth $73,000 after purchasing an additional 249 shares during the period. Finally, Capital Performance Advisors LLP bought a new position in shares of Service Co. International in the third quarter worth about $80,000. 85.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SCI shares. Truist Financial boosted their price target on 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 lifted their price objective on Service Co. International from $86.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, December 13th. StockNews.com raised Service Co. International from a “sell” rating to a “hold” rating in a report on Wednesday, December 4th. Finally, Raymond James lifted their price objective on Service Co. International from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, November 1st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $88.50.

Insiders Place Their Bets

In other Service Co. International news, VP Elisabeth G. Nash sold 56,100 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $86.13, for a total transaction of $4,831,893.00. Following the transaction, the vice president now owns 109,260 shares of the company’s stock, valued at approximately $9,410,563.80. This represents a 33.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tony Coelho sold 2,555 shares of the company’s 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 transaction, the director now directly owns 53,324 shares in the company, valued at approximately $4,566,667.36. This represents a 4.57 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 108,655 shares of company stock valued at $9,356,203. 4.60% of the stock is currently owned by corporate insiders.

Service Co. International Price Performance

Shares of SCI traded down $0.42 on Thursday, hitting $76.17. The company’s stock had a trading volume of 20,343 shares, compared to its average volume of 852,390. The company has a market capitalization of $11.02 billion, a PE ratio of 22.14, a PEG ratio of 2.00 and a beta of 0.87. The company has a debt-to-equity ratio of 2.91, a current ratio of 0.52 and a quick ratio of 0.48. Service Co. International has a fifty-two week low of $64.10 and a fifty-two week high of $89.37. The company has a 50 day moving average price of $83.51 and a 200 day moving average price of $78.83.

Service Co. International (NYSE:SCI) last announced its earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.02 billion. Service Co. International had a return on equity of 31.84% and a net margin of 12.19%. Service Co. International’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 EPS. On average, research analysts anticipate that Service Co. International will post 3.51 earnings per share for the current fiscal year.

Service Co. International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $0.31 per share. This is an increase from Service Co. International’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, December 13th. This represents a $1.24 annualized dividend and a yield of 1.63%. Service Co. International’s dividend payout ratio is currently 34.88%.

Service Co. International Profile

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.