Teacher Retirement System of Texas Buys 3,473 Shares of Service Corporation International (NYSE:SCI)

Teacher Retirement System of Texas grew its position in Service Corporation International (NYSE:SCI) by 12.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 31,019 shares of the company’s stock after acquiring an additional 3,473 shares during the period. Teacher Retirement System of Texas’ holdings in Service Corporation International were worth $2,488,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in SCI. SBI Securities Co. Ltd. acquired a new stake in shares of Service Corporation International in the fourth quarter valued at about $25,000. Quarry LP grew its stake in shares of Service Corporation International by 359.8% in the 4th quarter. Quarry LP now owns 469 shares of the company’s stock valued at $37,000 after buying an additional 367 shares during the period. Mizuho Bank Ltd. acquired a new stake in Service Corporation International in the fourth quarter valued at approximately $40,000. Resona Asset Management Co. Ltd. acquired a new position in shares of Service Corporation International during the fourth quarter worth approximately $40,000. Finally, GeoWealth Management LLC bought a new position in shares of Service Corporation International in the 4th quarter worth $53,000. 85.53% of the stock is currently owned by institutional investors.

Insider Transactions at Service Corporation International

In other Service Corporation International news, Director Tony Coelho sold 5,400 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $75.94, for a total transaction of $410,076.00. Following the transaction, the director directly owned 43,938 shares in the company, valued at $3,336,651.72. This trade represents a 10.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 4.40% of the company’s stock.

Service Corporation International Trading Down 0.6%

Shares of SCI opened at $81.70 on Thursday. The company has a debt-to-equity ratio of 2.87, a quick ratio of 0.46 and a current ratio of 0.51. The firm has a market cap of $11.63 billion, a P/E ratio of 22.45, a price-to-earnings-growth ratio of 2.03 and a beta of 0.92. Service Corporation International has a fifty-two week low of $68.84 and a fifty-two week high of $89.37. The business has a 50-day moving average of $78.52 and a 200 day moving average of $78.56.

Service Corporation International (NYSE:SCI) last issued its earnings results on Wednesday, April 30th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.05. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Service Corporation International had a net margin of 12.58% and a return on equity of 32.35%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.89 EPS. As a group, research analysts forecast that Service Corporation International will post 3.84 EPS for the current year.

Service Corporation International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a dividend of $0.32 per share. The ex-dividend date was Friday, June 13th. This represents a $1.28 annualized dividend and a yield of 1.57%. Service Corporation International’s payout ratio is presently 35.16%.

Analyst Upgrades and Downgrades

SCI has been the subject of several recent research reports. Wall Street Zen raised shares of Service Corporation International from a “sell” rating to a “hold” rating in a research report on Thursday, April 3rd. UBS Group reduced their price objective on shares of Service Corporation International from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $89.25.

Service Corporation International Profile

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.