Banco Bilbao Vizcaya Argentaria S.A. Makes New Investment 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. purchased a new stake in shares of Service Corporation International (NYSE:SCI - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,830 shares of the company's stock, valued at approximately $307,000.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC raised its stake in Service Corporation International by 20.3% during the 1st quarter. GAMMA Investing LLC now owns 2,539 shares of the company's stock valued at $204,000 after purchasing an additional 429 shares during the period. SG Americas Securities LLC purchased a new stake in Service Corporation International during the 1st quarter valued at approximately $869,000. Principal Financial Group Inc. grew its holdings in Service Corporation International by 136.1% during the 1st quarter. Principal Financial Group Inc. now owns 782,429 shares of the company's stock valued at $62,751,000 after buying an additional 451,068 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of Service Corporation International by 12.6% during the first quarter. Teacher Retirement System of Texas now owns 31,019 shares of the company's stock valued at $2,488,000 after buying an additional 3,473 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its holdings in shares of Service Corporation International by 7.4% in the first quarter. Ritholtz Wealth Management now owns 9,966 shares of the company's stock worth $799,000 after buying an additional 689 shares in the last quarter. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Service Corporation International Trading Up 0.4%

SCI traded up $0.33 on Friday, hitting $79.26. The company had a trading volume of 947,790 shares, compared to its average volume of 888,705. The business's fifty day simple moving average is $79.76 and its 200 day simple moving average is $78.82. The company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 3.19. Service Corporation International has a 12-month low of $71.75 and a 12-month high of $89.37. The company has a market cap of $11.11 billion, a PE ratio of 21.48, a PEG ratio of 1.93 and a beta of 0.90.

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

Service Corporation International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend 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%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SCI. UBS Group cut their target price on shares of 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. Oppenheimer raised their price objective on Service Corporation International from $86.00 to $91.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $90.00 target price (up from $85.00) on shares of Service Corporation International in a research report on Monday, August 4th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $90.25.

Insider Activity

In other Service Corporation International news, Director Ellen Ochoa sold 2,514 shares of the business's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $79.41, for a total transaction of $199,636.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 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 trade represents a 15.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold 252,073 shares of company stock valued at $20,116,529 over the last ninety days. 4.40% of the stock is owned by corporate insiders.

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.