Service Corporation International $SCI Shares Sold by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC lessened its stake in Service Corporation International (NYSE:SCI) by 46.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,837 shares of the company’s stock after selling 15,356 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Service Corporation International were worth $1,484,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Steigerwald Gordon & Koch Inc. acquired a new stake in Service Corporation International during the third quarter valued at approximately $33,000. Quent Capital LLC bought a new stake in shares of Service Corporation International in the 3rd quarter valued at approximately $34,000. V Square Quantitative Management LLC acquired a new stake in shares of Service Corporation International during the 2nd quarter valued at approximately $34,000. Whipplewood Advisors LLC lifted its stake in Service Corporation International by 60.1% during the second quarter. Whipplewood Advisors LLC now owns 743 shares of the company’s stock worth $60,000 after purchasing an additional 279 shares during the last quarter. Finally, Longboard Asset Management LP acquired a new position in Service Corporation International in the third quarter worth $204,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Weiss Ratings cut shares of Service Corporation International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. UBS Group increased their price objective on shares of Service Corporation International from $88.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.00.

Service Corporation International Stock Up 1.1%

Shares of Service Corporation International stock opened at $82.97 on Friday. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.56 and a quick ratio of 0.52. Service Corporation International has a 1-year low of $71.75 and a 1-year high of $85.00. The business’s fifty day moving average price is $78.83 and its two-hundred day moving average price is $79.87. The company has a market capitalization of $11.63 billion, a P/E ratio of 22.36, a PEG ratio of 1.82 and a beta of 0.99.

Service Corporation International (NYSE:SCI) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. Service Corporation International had a return on equity of 33.60% and a net margin of 12.46%.The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the company earned $0.79 earnings per share. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. Service Corporation International has set its FY 2025 guidance at 3.800-3.90 EPS. As a group, research analysts forecast that Service Corporation International will post 3.84 EPS for the current year.

Service Corporation International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, December 15th. Service Corporation International’s payout ratio is presently 36.66%.

Insider Activity

In related news, President Sumner J. Waring III sold 30,300 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $83.14, for a total transaction of $2,519,142.00. Following the completion of the sale, the president directly owned 295,192 shares of the company’s stock, valued at $24,542,262.88. This represents a 9.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Elisabeth G. Nash sold 42,400 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $76.32, for a total transaction of $3,235,968.00. Following the sale, the vice president owned 110,006 shares of the company’s stock, valued at $8,395,657.92. The trade was a 27.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 4.40% of the stock is currently owned by insiders.

Service Corporation International Profile

Service Corporation International (NYSE: SCI) is a leading provider of funeral, cremation and cemetery services in North America. Through its network of funeral homes, cemeteries, memorial parks and crematoria, the company offers a broad array of end-of-life services, including traditional funeral ceremonies, memorialization, burial and cremation. In addition to core services, SCI provides grief counseling, pre-need planning and merchandise such as caskets, vaults, urns and memorialization products.

Headquartered in Houston, Texas, Service Corporation International operates more than 1,900 funeral homes, over 450 cemeteries and 40 combination facilities across the United States and Canada.