Service Corporation International $SCI Shares Sold by CX Institutional

CX Institutional lessened its holdings in Service Corporation International (NYSE:SCI) by 19.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,019 shares of the company’s stock after selling 2,475 shares during the quarter. CX Institutional’s holdings in Service Corporation International were worth $816,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of Service Corporation International by 20.3% during the first quarter. GAMMA Investing LLC now owns 2,539 shares of the company’s stock valued at $204,000 after buying an additional 429 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Service Corporation International in the first quarter worth about $869,000. Principal Financial Group Inc. boosted its holdings in shares of Service Corporation International by 136.1% in the first quarter. Principal Financial Group Inc. now owns 782,429 shares of the company’s stock valued at $62,751,000 after acquiring an additional 451,068 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of Service Corporation International by 12.6% in the 1st quarter. Teacher Retirement System of Texas now owns 31,019 shares of the company’s stock worth $2,488,000 after buying an additional 3,473 shares in the last quarter. Finally, Ritholtz Wealth Management lifted its holdings in shares of Service Corporation International by 7.4% in the first quarter. Ritholtz Wealth Management now owns 9,966 shares of the company’s stock valued at $799,000 after buying an additional 689 shares during the period. Institutional investors and hedge funds own 85.53% of the company’s stock.

Insiders Place Their Bets

In other Service Corporation International news, Director Ellen Ochoa sold 2,514 shares of the business’s stock in a transaction dated Tuesday, August 26th. The shares were 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 Securities & Exchange Commission, which is available through this link. Also, CEO Thomas L. Ryan sold 17,520 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $81.91, for a total value of $1,435,063.20. Following the transaction, the chief executive officer directly owned 982,333 shares in the company, valued at $80,462,896.03. This trade represents a 1.75% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 252,082 shares of company stock valued at $20,117,233. 4.40% of the stock is owned by corporate insiders.

Service Corporation International Price Performance

Shares of SCI opened at $82.14 on Friday. The company has a debt-to-equity ratio of 3.19, a current ratio of 0.61 and a quick ratio of 0.56. Service Corporation International has a fifty-two week low of $71.75 and a fifty-two week high of $89.37. The business’s 50-day moving average is $79.32 and its 200-day moving average is $78.82. The company has a market capitalization of $11.52 billion, a price-to-earnings ratio of 22.26, a P/E/G ratio of 1.96 and a beta of 0.90.

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

Service Corporation International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.32 per share. 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 dividend payout ratio is 34.69%.

Analyst Upgrades and Downgrades

SCI has been the topic of a number of research analyst reports. Oppenheimer lifted their target price on Service Corporation International from $86.00 to $91.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Raymond James Financial restated an “outperform” rating and set a $90.00 target price (up from $85.00) on shares of Service Corporation International in a report on Monday, August 4th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Service Corporation International currently has a consensus rating of “Buy” and an average target price of $90.25.

About Service Corporation International

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.