Handelsbanken Fonder AB grew its stake in shares of Service Co. Worldwide (NYSE:SCI – Free Report) by 3.5% within the third quarter, Holdings Channel.com reviews. The fund owned 1,810,148 shares of the corporate’s inventory after buying an extra 61,838 shares through the quarter. Service Co. Worldwide makes up about 0.6% of Handelsbanken Fonder AB’s holdings, making the inventory its twenty fifth largest place. Handelsbanken Fonder AB’s holdings in Service Co. Worldwide had been price $142,875,000 on the finish of the latest reporting interval.
Different hedge funds and different institutional buyers additionally just lately modified their holdings of the corporate. Swedbank AB acquired a brand new place in Service Co. Worldwide within the first quarter price about $224,137,000. Choose Fairness Group L.P. lifted its holdings in Service Co. Worldwide by 53.5% through the 2nd quarter. Choose Fairness Group L.P. now owns 7,239,783 shares of the corporate’s inventory price $514,966,000 after shopping for an extra 2,524,795 shares over the past quarter. Jennison Associates LLC grew its place in shares of Service Co. Worldwide by 430.3% within the 1st quarter. Jennison Associates LLC now owns 357,075 shares of the corporate’s inventory price $26,499,000 after buying an extra 289,741 shares within the final quarter. Millennium Administration LLC elevated its holdings in shares of Service Co. Worldwide by 646.5% within the 2nd quarter. Millennium Administration LLC now owns 267,860 shares of the corporate’s inventory valued at $19,053,000 after buying an extra 231,980 shares over the past quarter. Lastly, Lombard Odier Asset Administration Europe Ltd acquired a brand new stake in shares of Service Co. Worldwide through the 2nd quarter valued at roughly $14,226,000. Institutional buyers personal 85.53% of the corporate’s inventory.
Insiders Place Their Bets
In different information, Director Ellen Ochoa bought 2,642 shares of the enterprise’s inventory in a transaction on Thursday, August twenty second. The inventory was bought at a mean worth of $76.41, for a complete worth of $201,875.22. The transaction was disclosed in a submitting with the SEC, which is accessible by this hyperlink. In associated information, Director Ellen Ochoa bought 2,642 shares of the inventory in a transaction that occurred on Thursday, August twenty second. The shares had been bought at a mean worth of $76.41, for a complete transaction of $201,875.22. The transaction was disclosed in a doc filed with the Securities & Change Fee, which will be accessed by this hyperlink. Additionally, CEO Thomas L. Ryan bought 80,638 shares of Service Co. Worldwide inventory in a transaction that occurred on Wednesday, August seventh. The inventory was bought at a mean worth of $73.97, for a complete transaction of $5,964,792.86. Following the completion of the transaction, the chief govt officer now owns 988,365 shares within the firm, valued at roughly $73,109,359.05. This commerce represents a 0.00 % lower of their place. The disclosure for this sale will be discovered right here. 5.10% of the inventory is at present owned by insiders.
Analyst Rankings Adjustments
A number of analysis companies have just lately commented on SCI. Truist Monetary lifted their worth goal on shares of Service Co. Worldwide from $80.00 to $84.00 and gave the corporate a “purchase” ranking in a report on Friday, June twenty first. StockNews.com downgraded Service Co. Worldwide from a “maintain” ranking to a “promote” ranking in a analysis be aware on Thursday, August 1st.
Examine Out Our Newest Analysis Report on SCI
Service Co. Worldwide Inventory Efficiency
Shares of SCI traded down $0.46 throughout noon buying and selling on Friday, hitting $76.17. 971,992 shares of the inventory traded fingers, in comparison with its common quantity of 791,173. The enterprise’s 50 day transferring common worth is $77.40 and its two-hundred day transferring common worth is $73.60. The agency has a market capitalization of $11.00 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of two.23 and a beta of 0.84. The corporate has a debt-to-equity ratio of three.05, a fast ratio of 0.51 and a present ratio of 0.55. Service Co. Worldwide has a 1-year low of $52.89 and a 1-year excessive of $81.32.
Service Co. Worldwide (NYSE:SCI – Get Free Report) final issued its quarterly earnings outcomes on Wednesday, July thirty first. The corporate reported $0.79 EPS for the quarter, lacking analysts’ consensus estimates of $0.86 by ($0.07). The enterprise had income of $1.03 billion for the quarter, in comparison with analyst estimates of $1.03 billion. Service Co. Worldwide had a web margin of 12.32% and a return on fairness of 32.07%. Service Co. Worldwide’s income for the quarter was up 2.0% on a year-over-year foundation. Throughout the identical interval final yr, the enterprise posted $0.83 earnings per share. Equities analysis analysts predict that Service Co. Worldwide will put up 3.52 EPS for the present fiscal yr.
Service Co. Worldwide Publicizes Dividend
The corporate additionally just lately introduced a quarterly dividend, which was paid on Monday, September thirtieth. Shareholders of document on Friday, September thirteenth got a $0.30 dividend. The ex-dividend date of this dividend was Friday, September thirteenth. This represents a $1.20 dividend on an annualized foundation and a yield of 1.58%. Service Co. Worldwide’s dividend payout ratio (DPR) is 34.48%.
About Service Co. Worldwide
Service Company Worldwide supplies deathcare services in the US and Canada. Its funeral service and cemetery operations comprise funeral service areas, cemeteries, funeral service/cemetery mixture areas, crematoria, and different companies. The corporate additionally supplies skilled companies associated to funerals and cremations, together with using funeral residence amenities and motor automobiles; arranging and directing companies; and removing, preparation, embalming, cremation, memorialization, and journey safety, in addition to catering companies.
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