UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Buys 15,967 Shares of Service Corporation International $SCI

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Service Corporation International (NYSE:SCI) by 2.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 643,978 shares of the company’s stock after purchasing an additional 15,967 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.45% of Service Corporation International worth $51,647,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SCI. Principal Financial Group Inc. raised its holdings in Service Corporation International by 136.1% in the 1st quarter. Principal Financial Group Inc. now owns 782,429 shares of the company’s stock worth $62,751,000 after purchasing an additional 451,068 shares in the last quarter. Millennium Management LLC increased its stake in shares of Service Corporation International by 19,170.2% in the 4th quarter. Millennium Management LLC now owns 333,157 shares of the company’s stock worth $26,593,000 after acquiring an additional 334,904 shares in the last quarter. Nuveen LLC bought a new position in shares of Service Corporation International in the 1st quarter worth about $26,674,000. Jennison Associates LLC increased its stake in shares of 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 acquiring an additional 287,996 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Service Corporation International by 1,040.1% in the 1st quarter. AQR Capital Management LLC now owns 267,352 shares of the company’s stock worth $21,180,000 after acquiring an additional 243,902 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on SCI shares. Raymond James Financial reiterated an “outperform” rating and issued a $90.00 price target (up from $85.00) on shares of Service Corporation International in a research note on Monday, August 4th. Oppenheimer increased their price target on shares of 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 analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $90.25.

Service Corporation International Stock Performance

Shares of NYSE SCI opened at $80.10 on Monday. The firm’s 50-day moving average price is $79.31 and its 200-day moving average price is $78.79. Service Corporation International has a 52-week low of $71.75 and a 52-week high of $89.37. The company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 3.19. The company has a market cap of $11.23 billion, a PE ratio of 21.71, a PEG ratio of 1.95 and a beta of 0.90.

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

Service Corporation International Announces Dividend

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

Insider Buying and Selling at Service Corporation International

In other Service Corporation International news, Director Tony Coelho sold 7,850 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $80.60, for a total transaction of $632,710.00. Following the sale, the director owned 36,088 shares in the company, valued at approximately $2,908,692.80. This trade represents a 17.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas L. Ryan sold 150,000 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $80.49, for a total transaction of $12,073,500.00. Following the sale, the chief executive officer owned 982,333 shares in the company, valued at approximately $79,067,983.17. The trade was a 13.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 252,082 shares of company stock worth $20,117,233 over the last quarter. Company insiders own 4.40% of the company’s stock.

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.