Service Corporation International $SCI Shares Sold by EP Wealth Advisors LLC

EP Wealth Advisors LLC decreased its position in shares of Service Corporation International (NYSE:SCI) by 12.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,179 shares of the company’s stock after selling 465 shares during the quarter. EP Wealth Advisors LLC’s holdings in Service Corporation International were worth $255,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SCI. Principal Financial Group Inc. raised its position in Service Corporation International by 136.1% during the 1st quarter. Principal Financial Group Inc. now owns 782,429 shares of the company’s stock worth $62,751,000 after buying an additional 451,068 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Service Corporation International by 19,170.2% during the fourth quarter. Millennium Management LLC now owns 333,157 shares of the company’s stock worth $26,593,000 after purchasing an additional 334,904 shares during the last quarter. Nuveen LLC acquired a new position in shares of Service Corporation International in the 1st quarter valued at about $26,674,000. Jennison Associates LLC boosted its position in Service Corporation International by 3,061.2% in the 1st quarter. Jennison Associates LLC now owns 297,404 shares of the company’s stock worth $23,852,000 after purchasing an additional 287,996 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC raised its position in shares of Service Corporation International by 250.0% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 373,398 shares of the company’s stock worth $29,805,000 after acquiring an additional 266,712 shares during the period. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the company. Raymond James Financial reissued an “outperform” rating and issued a $90.00 price objective (up from $85.00) on shares of Service Corporation International in a report on Monday, August 4th. Oppenheimer boosted their price objective on Service Corporation International from $86.00 to $91.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $90.25.

Insider Buying and Selling at Service Corporation International

In other Service Corporation International news, Director Ellen Ochoa sold 2,514 shares of Service Corporation International stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $79.41, for a total value of $199,636.74. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Tony Coelho sold 7,850 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $80.60, for a total value of $632,710.00. Following the transaction, the director directly owned 36,088 shares of the company’s stock, valued at approximately $2,908,692.80. This trade represents a 17.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 252,082 shares of company stock worth $20,117,233 over the last three months. 4.40% of the stock is currently owned by corporate insiders.

Service Corporation International Trading Up 0.5%

NYSE SCI opened at $79.39 on Wednesday. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.56 and a current ratio of 0.61. The firm has a market cap of $11.13 billion, a price-to-earnings ratio of 21.52, a PEG ratio of 1.92 and a beta of 0.90. The firm has a 50 day simple moving average of $79.44 and a 200-day simple moving average of $78.82. Service Corporation International has a one year low of $71.75 and a one year high of $89.37.

Service Corporation International (NYSE:SCI) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.04. Service Corporation International had a return on equity of 32.84% and a net margin of 12.60%.The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the firm earned $0.79 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. Service Corporation International has set its FY 2025 guidance at 3.700-4.00 EPS. Equities research analysts anticipate that Service Corporation International will post 3.84 EPS for the current fiscal year.

Service Corporation International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $0.32 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.28 dividend on an annualized basis and a yield of 1.6%. Service Corporation International’s payout ratio is currently 34.69%.

Service Corporation International Company 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.