Lee Financial Co Has $1.34 Million Stake in Service Co. International (NYSE:SCI)

Lee Financial Co lowered its holdings in shares of Service Co. International (NYSE:SCI) by 1.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 16,831 shares of the company’s stock after selling 240 shares during the quarter. Lee Financial Co’s holdings in Service Co. International were worth $1,343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of SCI. FMR LLC lifted its holdings in shares of Service Co. International by 300.6% during the 3rd quarter. FMR LLC now owns 4,055,823 shares of the company’s stock worth $320,126,000 after acquiring an additional 3,043,354 shares during the period. Verition Fund Management LLC lifted its stake in Service Co. International by 2,527.9% during the third quarter. Verition Fund Management LLC now owns 293,329 shares of the company’s stock worth $23,152,000 after purchasing an additional 282,167 shares during the period. Premier Fund Managers Ltd boosted its holdings in Service Co. International by 23.9% during the third 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 in the last quarter. Geode Capital Management LLC grew 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. Finally, Tidal Investments LLC raised its holdings in shares of Service Co. International by 4,977.3% in the 3rd quarter. Tidal Investments LLC now owns 155,567 shares of the company’s stock worth $12,279,000 after buying an additional 152,503 shares in the last quarter. Institutional investors own 85.53% of the company’s stock.

Service Co. International Stock Performance

Shares of NYSE:SCI opened at $77.13 on Friday. The business has a fifty day moving average of $79.57 and a 200-day moving average of $79.55. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.48 and a current ratio of 0.52. Service Co. International has a twelve month low of $67.19 and a twelve month high of $89.37. The firm has a market cap of $11.15 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 2.01 and a beta of 0.87.

Service Co. International (NYSE:SCI) last announced its earnings results on Wednesday, February 12th. The company reported $1.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.06. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. On average, equities research analysts predict that Service Co. International will post 3.51 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SCI has been the topic of several recent analyst reports. 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. StockNews.com lowered shares of Service Co. International from a “hold” rating to a “sell” rating in a report on Monday, February 10th. Raymond James lifted their price target on shares of Service Co. International from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Oppenheimer upped their price objective on shares of Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat.com, Service Co. International presently has an average rating of “Moderate Buy” and a consensus target price of $88.50.

Insiders Place Their Bets

In related news, Director Tony Coelho sold 2,555 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $85.64, for a total transaction of $218,810.20. Following the completion of the sale, the director now directly owns 53,324 shares of the company’s stock, valued at $4,566,667.36. The trade was a 4.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Elisabeth G. Nash sold 56,100 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $86.13, for a total transaction of $4,831,893.00. Following the completion of the transaction, the vice president now owns 109,260 shares in the company, valued at $9,410,563.80. This represents a 33.93 % decrease in their ownership of the stock. 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. 5.10% of the stock is currently owned by corporate insiders.

About Service Co. International

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.