27,785 Shares in Service Corporation International $SCI Bought by Tulsa Wealth Advisors INC

Key Points

• Tulsa Wealth Advisors purchased 27,785 shares of Service Corporation International in the second quarter, valued at approximately $2.11 million. Institutional investors collectively own 85.53% of SCI.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average price target of $100.67. UBS raised its target to $105, while JPMorgan lowered its target to $100.
• SCI exceeded quarterly earnings and revenue expectations, reporting $0.90 in EPS and $1.10 billion in revenue, while announcing a quarterly dividend of $0.36 per share. Separately, CEO Thomas L. Ryan sold 253,391 shares worth about $21.6 million.

Tulsa Wealth Advisors INC purchased a new stake in Service Corporation International (NYSE:SCI - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 27,785 shares of the company's stock, valued at approximately $2,111,000.

Other large investors have also bought and sold shares of the company. Sunbelt Securities Inc. bought a new stake in shares of Service Corporation International in the 3rd quarter worth $42,000. Root Financial Partners LLC lifted its position in shares of Service Corporation International by 35.7% during the first quarter. Root Financial Partners LLC now owns 612 shares of the company's stock valued at $50,000 after purchasing an additional 161 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Service Corporation International during the fourth quarter worth about $54,000. Danske Bank A S bought a new stake in Service Corporation International in the 3rd quarter worth about $83,000. Finally, Toronto Dominion Bank bought a new stake in Service Corporation International in the 4th quarter worth about $238,000. 85.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SCI has been the topic of several recent analyst reports. Wall Street Zen raised shares of Service Corporation International from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. UBS Group upped their target price on Service Corporation International from $93.00 to $105.00 and gave the company a "buy" rating in a report on Friday, July 31st. JPMorgan Chase & Co. decreased their price target on Service Corporation International from $110.00 to $100.00 and set an "overweight" rating for the company in a research report on Friday, May 1st. Finally, Weiss Ratings cut Service Corporation International from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, June 3rd. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $100.67.

Service Corporation International Price Performance

SCI opened at $84.21 on Monday. Service Corporation International has a fifty-two week low of $68.41 and a fifty-two week high of $90.99. The firm has a 50-day moving average of $78.74 and a 200 day moving average of $79.74. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.49 and a current ratio of 0.53. The firm has a market cap of $11.48 billion, a P/E ratio of 21.99, a PEG ratio of 1.87 and a beta of 0.81.

Service Corporation International (NYSE:SCI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.89 by $0.01. Service Corporation International had a net margin of 12.30% and a return on equity of 34.38%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the firm posted $0.88 earnings per share. The company's revenue for the quarter was up 3.6% on a year-over-year basis. Service Corporation International has set its FY 2026 guidance at 4.100-4.300 EPS. On average, research analysts expect that Service Corporation International will post 4.18 EPS for the current year.

Service Corporation International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Service Corporation International's payout ratio is 37.60%.

Insider Buying and Selling

In related news, CEO Thomas L. Ryan sold 253,391 shares of the company's stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $85.25, for a total value of $21,601,582.75. Following the transaction, the chief executive officer owned 1,006,212 shares in the company, valued at approximately $85,779,573. This represents a 20.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.40% of the company's stock.

Service Corporation International Company 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.

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