Allspring Global Investments Holdings LLC Acquires 20,508 Shares of Service Co. International (NYSE:SCI)

Allspring Global Investments Holdings LLC grew its position in Service Co. International (NYSE:SCI - Free Report) by 8.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 256,134 shares of the company's stock after buying an additional 20,508 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.17% of Service Co. International worth $17,532,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. HBK Sorce Advisory LLC boosted its holdings in shares of Service Co. International by 26.0% during the fourth quarter. HBK Sorce Advisory LLC now owns 14,889 shares of the company's stock worth $1,019,000 after purchasing an additional 3,068 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Service Co. International by 6,783.1% during the fourth quarter. International Assets Investment Management LLC now owns 11,839 shares of the company's stock worth $810,000 after purchasing an additional 11,667 shares during the period. Arkadios Wealth Advisors acquired a new stake in shares of Service Co. International during the fourth quarter worth approximately $422,000. Boston Trust Walden Corp boosted its holdings in shares of Service Co. International by 3.2% during the fourth quarter. Boston Trust Walden Corp now owns 673,914 shares of the company's stock worth $46,129,000 after purchasing an additional 20,879 shares during the period. Finally, Patron Partners LLC acquired a new stake in shares of Service Co. International during the fourth quarter worth approximately $219,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Service Co. International

In other Service Co. International news, VP Steven A. Tidwell sold 45,995 shares of the business's stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $75.43, for a total value of $3,469,402.85. Following the sale, the vice president now owns 54,354 shares of the company's stock, valued at approximately $4,099,922.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Service Co. International news, VP Steven A. Tidwell sold 45,995 shares of the business's stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $75.43, for a total value of $3,469,402.85. Following the sale, the vice president now owns 54,354 shares of the company's stock, valued at approximately $4,099,922.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Thomas L. Ryan sold 16,580 shares of the business's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $72.20, for a total transaction of $1,197,076.00. Following the completion of the sale, the chief executive officer now directly owns 988,365 shares in the company, valued at approximately $71,359,953. The disclosure for this sale can be found here. Insiders have sold 202,675 shares of company stock valued at $15,066,906 in the last 90 days. 5.10% of the stock is currently owned by company insiders.

Service Co. International Stock Performance

Shares of NYSE:SCI traded down $0.05 during trading on Monday, reaching $69.76. The stock had a trading volume of 725,389 shares, compared to its average volume of 834,832. Service Co. International has a 52 week low of $52.89 and a 52 week high of $75.97. The firm has a market capitalization of $10.22 billion, a price-to-earnings ratio of 19.82, a P/E/G ratio of 1.91 and a beta of 0.81. The company has a quick ratio of 0.62, a current ratio of 0.67 and a debt-to-equity ratio of 3.02. The stock has a fifty day simple moving average of $72.06 and a two-hundred day simple moving average of $65.87.

Service Co. International (NYSE:SCI - Get Free Report) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.02. Service Co. International had a net margin of 13.11% and a return on equity of 32.88%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the firm posted $0.92 earnings per share. The company's quarterly revenue was up 2.7% compared to the same quarter last year. As a group, analysts anticipate that Service Co. International will post 3.62 earnings per share for the current fiscal year.

Service Co. International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.72%. The ex-dividend date was Thursday, March 14th. This is a positive change from Service Co. International's previous quarterly dividend of $0.29. Service Co. International's payout ratio is 32.95%.

Analyst Ratings Changes

A number of research firms have issued reports on SCI. Oppenheimer lifted their target price on shares of Service Co. International from $71.00 to $76.00 and gave the company an "outperform" rating in a research note on Friday, February 16th. UBS Group lifted their target price on shares of Service Co. International from $72.00 to $79.00 and gave the company a "buy" rating in a research note on Wednesday, February 14th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Service Co. International has a consensus rating of "Moderate Buy" and a consensus price target of $75.00.

Service Co. International Company 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.