Federated Hermes Inc. Boosts Stock Holdings in Service Co. International (NYSE:SCI)

Federated Hermes Inc. increased its position in Service Co. International (NYSE:SCI - Free Report) by 41.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 266,773 shares of the company's stock after acquiring an additional 78,461 shares during the period. Federated Hermes Inc. owned about 0.18% of Service Co. International worth $18,261,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV grew its holdings in shares of Service Co. International by 204.1% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 599 shares of the company's stock worth $41,000 after acquiring an additional 402 shares during the period. Larson Financial Group LLC bought a new stake in shares of Service Co. International in the third quarter worth $36,000. M&R Capital Management Inc. grew its holdings in shares of Service Co. International by 125.5% in the fourth quarter. M&R Capital Management Inc. now owns 902 shares of the company's stock worth $62,000 after acquiring an additional 502 shares during the period. Fifth Third Bancorp grew its holdings in shares of Service Co. International by 45.4% in the third quarter. Fifth Third Bancorp now owns 1,224 shares of the company's stock worth $70,000 after acquiring an additional 382 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Service Co. International in the third quarter worth $80,000. Institutional investors own 85.53% of the company's stock.

Service Co. International Price Performance

Shares of Service Co. International stock traded up $0.76 during trading hours on Monday, hitting $69.55. The company's stock had a trading volume of 900,477 shares, compared to its average volume of 830,175. The business has a 50 day moving average price of $72.27 and a two-hundred day moving average price of $66.23. Service Co. International has a 12-month low of $52.89 and a 12-month high of $75.97. The company has a market cap of $10.19 billion, a PE ratio of 19.76, a PEG ratio of 1.88 and a beta of 0.81. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.62 and a current ratio of 0.67.

Service Co. International (NYSE:SCI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.91 by $0.02. Service Co. International had a return on equity of 32.88% and a net margin of 13.11%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the business earned $0.92 earnings per share. The business's revenue was up 2.7% on a year-over-year basis. Analysts expect 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 disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.73%. This is an increase from Service Co. International's previous quarterly dividend of $0.29. The ex-dividend date was Thursday, March 14th. Service Co. International's payout ratio is presently 32.95%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Oppenheimer boosted their price target on Service Co. International from $71.00 to $76.00 and gave the company an "outperform" rating in a report on Friday, February 16th. UBS Group boosted their price target on Service Co. International from $72.00 to $79.00 and gave the company a "buy" rating in a report 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's stock. According to MarketBeat.com, Service Co. International presently has an average rating of "Moderate Buy" and a consensus target price of $75.00.

Insider Activity

In other news, CEO Thomas L. Ryan sold 75,000 shares of the business's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $73.53, for a total value of $5,514,750.00. Following the transaction, the chief executive officer now directly owns 988,365 shares in the company, valued at $72,674,478.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Thomas L. Ryan sold 75,000 shares of the business's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $73.53, for a total value of $5,514,750.00. Following the sale, the chief executive officer now directly owns 988,365 shares in the company, valued at $72,674,478.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Thomas L. Ryan sold 16,580 shares of the business's stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $72.20, for a total value of $1,197,076.00. Following the completion of the sale, the chief executive officer now owns 988,365 shares in the company, valued at $71,359,953. The disclosure for this sale can be found here. Insiders have sold 202,675 shares of company stock worth $15,066,906 over the last ninety days. Corporate insiders own 4.60% of the company's stock.

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.