Banco Bilbao Vizcaya Argentaria S.A. Takes $307,000 Position in Service Corporation International $SCI

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. acquired 3,830 shares of Service Corporation International, valued at approximately $307,000, during the first quarter of the year.
• Service Corporation International reported quarterly earnings of $0.88 per share, exceeding analysts' expectations, and has set its FY 2025 guidance at 3.70-4.00 EPS.
• The company recently declared a quarterly dividend of $0.32, with a dividend yield of 1.6%, to be paid on September 30th.

Banco Bilbao Vizcaya Argentaria S.A. acquired 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 Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,830 shares of the company's stock, valued at approximately $307,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Assetmark Inc. lifted its stake in Service Corporation International by 225.9% in the first quarter. Assetmark Inc. now owns 352 shares of the company's stock worth $28,000 after acquiring an additional 244 shares during the period. Quarry LP lifted its stake in Service Corporation International by 359.8% in the fourth quarter. Quarry LP now owns 469 shares of the company's stock worth $37,000 after acquiring an additional 367 shares during the period. IFP Advisors Inc lifted its stake in Service Corporation International by 87.2% in the first quarter. IFP Advisors Inc now owns 700 shares of the company's stock worth $60,000 after acquiring an additional 326 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Service Corporation International in the first quarter worth $85,000. Finally, Fifth Third Bancorp lifted its stake in Service Corporation International by 12.2% in the first quarter. Fifth Third Bancorp now owns 1,426 shares of the company's stock worth $114,000 after acquiring an additional 155 shares during the period. Hedge funds and other institutional investors own 85.53% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Oppenheimer raised their price target on Service Corporation International from $86.00 to $91.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. UBS Group dropped their price target on Service Corporation International from $90.00 to $88.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $90.00 price objective (up previously from $85.00) on shares of Service Corporation International in a report on Monday, August 4th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $90.25.

Service Corporation International Stock Performance

NYSE SCI traded down $0.87 during trading hours on Thursday, hitting $78.89. The company's stock had a trading volume of 748,533 shares, compared to its average volume of 1,146,847. Service Corporation International has a 12 month low of $71.75 and a 12 month high of $89.37. The company's 50 day simple moving average is $79.73 and its two-hundred day simple moving average is $78.77. The company has a market cap of $11.06 billion, a P/E ratio of 21.38, a price-to-earnings-growth ratio of 1.93 and a beta of 0.90. 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 (NYSE:SCI - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.84 by $0.04. Service Corporation International had a return on equity of 32.84% and a net margin of 12.60%.The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the company earned $0.79 EPS. Service Corporation International's revenue for the quarter was up 3.0% on a year-over-year basis. Service Corporation International has set its FY 2025 guidance at 3.700-4.00 EPS. As a group, sell-side analysts expect that Service Corporation International will post 3.84 EPS for the current fiscal year.

Service Corporation International Announces Dividend

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

Insider Transactions at Service Corporation International

In other Service Corporation International news, President Sumner J. Waring III sold 56,100 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $76.57, for a total value of $4,295,577.00. Following the transaction, the president directly owned 295,192 shares of the company's stock, valued at approximately $22,602,851.44. This trade represents a 15.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Tony Coelho sold 7,850 shares of the firm's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $80.60, for a total value of $632,710.00. Following the completion of the transaction, the director directly owned 36,088 shares in the company, valued at $2,908,692.80. The trade was a 17.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 252,073 shares of company stock valued at $20,116,529. Company insiders own 4.40% of the company's stock.

Service Corporation International 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.