Baillie Gifford & Co. Has $806.34 Million Holdings in Service Corporation International $SCI

Baillie Gifford & Co. decreased its holdings in Service Corporation International (NYSE:SCI) by 3.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,689,267 shares of the company’s stock after selling 310,787 shares during the period. Baillie Gifford & Co. owned about 6.91% of Service Corporation International worth $806,341,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SCI. Root Financial Partners LLC purchased a new position in Service Corporation International in the third quarter valued at about $34,000. Quent Capital LLC acquired a new stake in shares of Service Corporation International during the 3rd quarter valued at about $34,000. First Horizon Corp acquired a new stake in shares of Service Corporation International during the 3rd quarter valued at about $258,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Service Corporation International in the 3rd quarter valued at approximately $33,000. Finally, SG Americas Securities LLC increased its holdings in Service Corporation International by 145.8% in the third quarter. SG Americas Securities LLC now owns 13,777 shares of the company’s stock worth $1,147,000 after buying an additional 8,171 shares during the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on SCI shares. UBS Group lifted their target price on shares of Service Corporation International from $88.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, October 13th. JPMorgan Chase & Co. assumed coverage on shares of Service Corporation International in a research note on Tuesday. They issued an “overweight” rating and a $110.00 price objective for the company. Finally, 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. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $96.50.

Service Corporation International Price Performance

NYSE SCI opened at $81.17 on Friday. Service Corporation International has a 1 year low of $71.75 and a 1 year high of $85.00. The company has a fifty day simple moving average of $78.99 and a 200 day simple moving average of $79.88. The company has a current ratio of 0.56, a quick ratio of 0.52 and a debt-to-equity ratio of 3.17. The company has a market cap of $11.38 billion, a P/E ratio of 21.88, a P/E/G ratio of 1.77 and a beta of 0.99.

Service Corporation International (NYSE:SCI) last released its earnings results on Wednesday, October 29th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. Service Corporation International had a net margin of 12.46% and a return on equity of 33.60%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the business earned $0.79 EPS. The business’s revenue was up 4.4% on a year-over-year basis. Service Corporation International has set its FY 2025 guidance at 3.800-3.90 EPS. On average, sell-side analysts predict that Service Corporation International will post 3.84 EPS for the current year.

Service Corporation International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Monday, December 15th. Service Corporation International’s payout ratio is currently 36.66%.

Insider Buying and Selling

In other news, VP Elisabeth G. Nash sold 42,400 shares of the stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $76.32, for a total value of $3,235,968.00. Following the completion of the sale, the vice president directly owned 110,006 shares of the company’s stock, valued at approximately $8,395,657.92. This represents a 27.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Sumner J. Waring III sold 30,300 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was 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 owned 295,192 shares in the company, valued at approximately $24,542,262.88. The trade was a 9.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 4.40% of the stock is 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.