Nuveen LLC Invests $26.67 Million in Service Corporation International $SCI

Nuveen LLC bought a new stake in Service Corporation International (NYSE:SCI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 332,595 shares of the company's stock, valued at approximately $26,674,000. Nuveen LLC owned 0.23% of Service Corporation International as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Invesco Ltd. increased its holdings in Service Corporation International by 46.5% in the 1st quarter. Invesco Ltd. now owns 381,307 shares of the company's stock valued at $30,581,000 after buying an additional 121,040 shares during the period. Townsquare Capital LLC bought a new stake in shares of Service Corporation International during the 1st quarter valued at approximately $308,000. Morton Community Bank grew its holdings in shares of Service Corporation International by 0.6% during the 1st quarter. Morton Community Bank now owns 42,655 shares of the company's stock valued at $3,421,000 after purchasing an additional 275 shares during the last quarter. Savvy Advisors Inc. bought a new stake in shares of Service Corporation International during the 1st quarter valued at approximately $224,000. Finally, Deutsche Bank AG grew its holdings in shares of Service Corporation International by 0.9% during the 1st quarter. Deutsche Bank AG now owns 1,024,608 shares of the company's stock valued at $82,174,000 after purchasing an additional 9,342 shares during the last quarter. 85.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SCI. UBS Group decreased their price target on shares of Service Corporation International from $90.00 to $88.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Oppenheimer lifted their price target on shares of Service Corporation International from $86.00 to $91.00 and gave the company an "outperform" rating in a report on Thursday. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $90.00 price target (up from $85.00) on shares of Service Corporation International in a report on Monday, August 4th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Service Corporation International has a consensus rating of "Buy" and an average target price of $90.25.

Insiders Place Their Bets

In other Service Corporation International news, Director Tony Coelho sold 7,850 shares of the business's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $80.60, for a total transaction of $632,710.00. Following the sale, the director directly owned 36,088 shares of the company's stock, valued at $2,908,692.80. The trade was a 17.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Thomas L. Ryan sold 150,000 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer directly owned 982,333 shares in the company, valued at $79,067,983.17. The trade was a 13.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 213,950 shares of company stock valued at $17,001,787 in the last ninety days. 4.40% of the stock is currently owned by insiders.

Service Corporation International Trading Up 0.7%

SCI traded up $0.57 during trading on Friday, reaching $81.80. 169,327 shares of the company's stock were exchanged, compared to its average volume of 1,149,855. Service Corporation International has a one year low of $71.75 and a one year high of $89.37. The company has a current ratio of 0.61, a quick ratio of 0.56 and a debt-to-equity ratio of 3.19. The stock has a market capitalization of $11.47 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 1.97 and a beta of 0.90. The firm has a fifty day moving average price of $79.57 and a two-hundred day moving average price of $78.68.

Service Corporation International (NYSE:SCI - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the firm posted $0.79 EPS. The company's revenue for the quarter 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. As a group, equities research analysts forecast that Service Corporation International will post 3.84 earnings per share for the current fiscal year.

Service Corporation International Dividend Announcement

The firm also recently announced 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. This represents a $1.28 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, September 15th. Service Corporation International's payout ratio is presently 34.69%.

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.