Perbak Capital Partners LLP Takes Position in Service Corporation International $SCI

Key Points

• Perbak Capital Partners LLP has acquired 4,093 shares of Service Corporation International, valued at approximately $328,000, as disclosed in their recent Form 13F filing.
• Analysts have shown a positive outlook for Service Corporation International, with brokerages setting a consensus price target of $90.25 and ratings of "Buy" or "Outperform."
• The company has announced a quarterly dividend of $0.32, representing an annualized dividend of $1.28 and a dividend yield of 1.6%.

Perbak Capital Partners LLP bought 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. The institutional investor bought 4,093 shares of the company's stock, valued at approximately $328,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Focus Partners Advisor Solutions LLC acquired a new stake in Service Corporation International during the 1st quarter valued at approximately $281,000. Royal Bank of Canada grew its position in shares of Service Corporation International by 38.8% during the 1st quarter. Royal Bank of Canada now owns 121,883 shares of the company's stock worth $9,775,000 after buying an additional 34,051 shares during the period. Graham Capital Management L.P. acquired a new stake in shares of Service Corporation International during the 1st quarter worth approximately $1,467,000. Quarry LP grew its position in shares of Service Corporation International by 127.3% during the 1st quarter. Quarry LP now owns 1,066 shares of the company's stock worth $85,000 after buying an additional 597 shares during the period. Finally, Baird Financial Group Inc. grew its position in shares of Service Corporation International by 44.0% during the 1st quarter. Baird Financial Group Inc. now owns 7,355 shares of the company's stock worth $590,000 after buying an additional 2,249 shares during the period. Institutional investors and hedge funds own 85.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SCI. Oppenheimer increased their target price on Service Corporation International from $86.00 to $91.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. 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 report on Monday, August 4th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $90.25.

Insider Transactions at Service Corporation International

In related news, Director Tony Coelho sold 7,850 shares of Service Corporation International 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 sale, the director owned 36,088 shares of the company's stock, valued at approximately $2,908,692.80. This trade represents a 17.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Sumner J. Waring III sold 56,100 shares of Service Corporation International 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 completion of the sale, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 252,073 shares of company stock worth $20,116,529. Insiders own 4.40% of the company's stock.

Service Corporation International Stock Performance

Shares of Service Corporation International stock traded down $0.99 during trading hours on Friday, hitting $77.62. 958,459 shares of the company's stock traded hands, compared to its average volume of 777,678. Service Corporation International has a 12-month low of $71.75 and a 12-month high of $89.37. The stock has a market capitalization of $10.89 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 1.89 and a beta of 0.90. The company has a fifty day simple moving average of $79.55 and a 200-day simple moving average of $78.81. 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 announced its earnings results 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. Service Corporation International had a return on equity of 32.84% and a net margin of 12.60%.The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the firm posted $0.79 EPS. The business'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. Equities research analysts anticipate that Service Corporation International will post 3.84 EPS for the current fiscal year.

Service Corporation International Announces Dividend

The company 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. The ex-dividend date of this dividend 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 34.69%.

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.