3,252 Shares in Service Corporation International $SCI Acquired 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 position in shares of Service Corporation International (NYSE:SCI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,252 shares of the company's stock, valued at approximately $261,000.

A number of other hedge funds also recently made changes to their positions in the stock. Tranquility Partners LLC boosted its stake in shares of Service Corporation International by 1.7% in the 1st quarter. Tranquility Partners LLC now owns 8,060 shares of the company's stock valued at $646,000 after purchasing an additional 134 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in shares of Service Corporation International by 3.6% in the 1st quarter. Proficio Capital Partners LLC now owns 3,859 shares of the company's stock valued at $309,000 after purchasing an additional 135 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Service Corporation International by 12.2% in the 1st quarter. Fifth Third Bancorp now owns 1,426 shares of the company's stock valued at $114,000 after purchasing an additional 155 shares in the last quarter. Brighton Jones LLC boosted its stake in shares of Service Corporation International by 3.1% in the 1st quarter. Brighton Jones LLC now owns 5,615 shares of the company's stock valued at $450,000 after purchasing an additional 167 shares in the last quarter. Finally, Avantax Advisory Services Inc. boosted its stake in shares of Service Corporation International by 3.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 5,301 shares of the company's stock valued at $425,000 after purchasing an additional 174 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SCI has been the topic of a number of research analyst reports. Oppenheimer raised their price target 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 set a $90.00 target price (up from $85.00) on shares of Service Corporation International in a research report on Monday, August 4th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $90.25.

Service Corporation International Stock Up 0.5%

NYSE:SCI opened at $79.39 on Wednesday. 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 one year low of $71.75 and a one year high of $89.37. The firm's 50 day simple moving average is $79.44 and its 200 day simple moving average is $78.82. The company has a market cap of $11.13 billion, a PE ratio of 21.52, a P/E/G ratio of 1.92 and a beta of 0.90.

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

Service Corporation International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.32 per share. 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 dividend payout ratio (DPR) is presently 34.69%.

Insider Activity

In other Service Corporation International news, CEO Thomas L. Ryan sold 150,000 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were 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 in the company, valued at approximately $79,067,983.17. This trade represents a 13.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Sumner J. Waring III sold 56,100 shares of Service Corporation International stock in a transaction on Friday, August 1st. The shares were sold at an average price of $76.57, for a total transaction of $4,295,577.00. Following the completion of the sale, the president owned 295,192 shares of the company's stock, valued at $22,602,851.44. This represents a 15.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 252,082 shares of company stock worth $20,117,233 in the last 90 days. 4.40% of the stock is owned by company insiders.

Service Corporation International Company Profile

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.

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