Kestra Private Wealth Services LLC Invests $330,000 in Service Corporation International (NYSE:SCI)

Key Points

• Kestra Private Wealth Services LLC acquired 4,119 shares of Service Corporation International, valued at approximately $330,000, as reported in its recent 13F filing with the SEC.
• The company reported a quarterly earnings per share of $0.96, exceeding analysts' expectations of $0.91, with revenues of $1.07 billion for the quarter.
• Service Corporation International announced a quarterly dividend of $0.32 per share, reflecting a 1.68% annual yield and a payout ratio of 35.16%.

Kestra Private Wealth Services LLC purchased a new stake in Service Corporation International (NYSE:SCI - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,119 shares of the company's stock, valued at approximately $330,000.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC boosted its stake in Service Corporation International by 20.3% in the 1st quarter. GAMMA Investing LLC now owns 2,539 shares of the company's stock worth $204,000 after purchasing an additional 429 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Service Corporation International during the 1st quarter valued at approximately $869,000. Principal Financial Group Inc. lifted its stake 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 acquiring an additional 451,068 shares during the period. Teacher Retirement System of Texas lifted its stake in Service Corporation International by 12.6% during the 1st quarter. Teacher Retirement System of Texas now owns 31,019 shares of the company's stock valued at $2,488,000 after acquiring an additional 3,473 shares during the period. Finally, Ritholtz Wealth Management increased its holdings in shares of Service Corporation International by 7.4% during the 1st quarter. Ritholtz Wealth Management now owns 9,966 shares of the company's stock valued at $799,000 after purchasing an additional 689 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Service Corporation International news, Director Tony Coelho sold 5,400 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $75.94, for a total value of $410,076.00. Following the transaction, the director owned 43,938 shares of the company's stock, valued at $3,336,651.72. This represents a 10.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 4.40% of the stock is owned by insiders.

Service Corporation International Price Performance

Shares of NYSE SCI traded up $1.85 during mid-day trading on Thursday, reaching $77.48. The company's stock had a trading volume of 665,939 shares, compared to its average volume of 1,172,992. The stock has a 50-day moving average of $79.00 and a two-hundred day moving average of $78.46. The stock has a market capitalization of $11.03 billion, a P/E ratio of 21.17, a P/E/G ratio of 1.88 and a beta of 0.92. The company has a debt-to-equity ratio of 2.87, a quick ratio of 0.46 and a current ratio of 0.51. Service Corporation International has a 1-year low of $70.46 and a 1-year high of $89.37.

Service Corporation International (NYSE:SCI - Get Free Report) last released its quarterly earnings data 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 12.58% and a return on equity of 32.35%. The firm had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.05 billion. During the same period last year, the business earned $0.79 earnings per share. Service Corporation International's revenue was up 3.0% compared to the same quarter last year. On average, equities research analysts anticipate that Service Corporation International will post 3.84 EPS for the current fiscal year.

Service Corporation International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a $0.32 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.28 dividend on an annualized basis and a yield of 1.65%. Service Corporation International's payout ratio is currently 35.16%.

Wall Street Analyst Weigh In

SCI has been the subject of several recent research reports. 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 report on Friday, May 2nd. Wall Street Zen raised shares of Service Corporation International from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Service Corporation International has an average rating of "Moderate Buy" and an average price target of $89.25.

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.