3,252 Shares in Service Corporation International $SCI Bought by Vident Advisory LLC

Key Points

• Vident Advisory LLC acquired 3,252 shares of Service Corporation International (SCI) valued at approximately $261,000 during the 1st quarter, indicating institutional interest in the stock.
• SCI's stock received upgrades from analysts, with Oppenheimer raising its price target from $86.00 to $91.00, suggesting a positive outlook for the company.
• The company declared a quarterly dividend of $0.32 per share, with a yield of 1.6%, demonstrating its commitment to returning value to shareholders.

Vident Advisory LLC purchased a new stake in shares of Service Corporation International (NYSE:SCI - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund purchased 3,252 shares of the company's stock, valued at approximately $261,000.

Several other hedge funds have also recently modified their holdings of the company. Evergreen Capital Management LLC lifted its position in shares of Service Corporation International by 8.9% during the 1st quarter. Evergreen Capital Management LLC now owns 4,954 shares of the company's stock worth $397,000 after buying an additional 404 shares in the last quarter. Clough Capital Partners L P raised its holdings in shares of Service Corporation International by 52.7% in the 1st quarter. Clough Capital Partners L P now owns 18,685 shares of the company's stock worth $1,499,000 after purchasing an additional 6,445 shares during the period. WPG Advisers LLC bought a new stake in shares of Service Corporation International in the 1st quarter worth approximately $86,000. State of Wyoming bought a new stake in shares of Service Corporation International in the 1st quarter worth approximately $63,000. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of Service Corporation International in the 1st quarter worth approximately $434,000. Institutional investors own 85.53% of the company's stock.

Insider Activity at Service Corporation International

In related news, Director Ellen Ochoa sold 2,514 shares of the company's stock in a transaction on 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas L. Ryan sold 150,000 shares of the company's stock in a transaction 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 completion of the transaction, the chief executive officer owned 982,333 shares of the company's stock, valued at $79,067,983.17. This trade represents a 13.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 252,082 shares of company stock valued at $20,117,233 over the last ninety days. 4.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

SCI has been the subject of a number of recent research reports. Oppenheimer lifted their price objective on shares of Service Corporation International from $86.00 to $91.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. Raymond James Financial reiterated an "outperform" rating and issued a $90.00 price objective (up from $85.00) on shares of Service Corporation International in a research note on Monday, August 4th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $90.25.

Service Corporation International Price Performance

Shares of SCI traded down $0.42 during mid-day trading on Monday, reaching $79.67. 799,165 shares of the stock traded hands, compared to its average volume of 820,791. The firm has a fifty day moving average price of $79.27 and a 200 day moving average price of $78.78. The company has a market cap of $11.17 billion, a price-to-earnings ratio of 21.59, a price-to-earnings-growth ratio of 1.95 and a beta of 0.90. The company has a current ratio of 0.61, a quick ratio of 0.56 and a debt-to-equity ratio of 3.19. Service Corporation International has a 1 year low of $71.75 and a 1 year high of $89.37.

Service Corporation International (NYSE:SCI - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.04. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. Service Corporation International had a net margin of 12.60% and a return on equity of 32.84%. The business's revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.79 EPS. Service Corporation International has set its FY 2025 guidance at 3.700-4.00 EPS. As a group, equities research analysts predict that Service Corporation International will post 3.84 earnings per share for the current year.

Service Corporation International Announces Dividend

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

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.