AlphaQuest LLC acquired a new position in shares of Service Corporation International (NYSE:SCI - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,311 shares of the company's stock, valued at approximately $426,000.
A number of other institutional investors have also added to or reduced their stakes in the stock. Compound Planning Inc. lifted its holdings in Service Corporation International by 7.9% during the 1st quarter. Compound Planning Inc. now owns 9,212 shares of the company's stock worth $739,000 after purchasing an additional 674 shares in the last quarter. Norinchukin Bank The lifted its holdings in Service Corporation International by 116.9% during the 1st quarter. Norinchukin Bank The now owns 345,999 shares of the company's stock worth $27,749,000 after purchasing an additional 186,494 shares in the last quarter. Credit Agricole S A lifted its holdings in Service Corporation International by 119.7% during the 1st quarter. Credit Agricole S A now owns 40,127 shares of the company's stock worth $3,218,000 after purchasing an additional 21,864 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. purchased a new stake in Service Corporation International during the 1st quarter worth about $307,000. Finally, Groupama Asset Managment lifted its holdings in Service Corporation International by 5.6% during the 1st quarter. Groupama Asset Managment now owns 122,091 shares of the company's stock worth $9,742,000 after purchasing an additional 6,432 shares in the last quarter. Hedge funds and other institutional investors own 85.53% of the company's stock.
Service Corporation International Price Performance
Shares of Service Corporation International stock traded up $0.33 during trading on Monday, hitting $79.26. 947,790 shares of the stock traded hands, compared to its average volume of 848,128. The company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 3.19. The stock has a market cap of $11.11 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 1.93 and a beta of 0.90. The firm's fifty day moving average is $79.75 and its 200-day moving average is $78.82. Service Corporation International has a 52 week low of $71.75 and a 52 week high of $89.37.
Service Corporation International (NYSE:SCI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.84 by $0.04. The firm had revenue of $1.07 billion for 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 was up 3.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.79 EPS. Service Corporation International has set its FY 2025 guidance at 3.700-4.00 EPS. Research analysts expect that Service Corporation International will post 3.84 EPS for the current fiscal year.
Service Corporation International Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.32 per share. The ex-dividend date is Monday, September 15th. This represents a $1.28 annualized dividend and a dividend yield of 1.6%. Service Corporation International's dividend payout ratio is 34.69%.
Insider Transactions at Service Corporation International
In other news, Director Ellen Ochoa sold 2,514 shares of the stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $79.41, for a total transaction of $199,636.74. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Sumner J. Waring III sold 56,100 shares of the firm's stock in a transaction that occurred on 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 owned 295,192 shares in the company, valued at approximately $22,602,851.44. The trade was a 15.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 252,073 shares of company stock valued at $20,116,529 over the last 90 days. Company insiders own 4.40% of the company's stock.
Analyst Ratings Changes
A number of analysts recently issued reports on SCI shares. Oppenheimer increased their price objective 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 reaffirmed an "outperform" rating and issued a $90.00 price target (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, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $90.25.
Check Out Our Latest Stock Report on SCI
Service Corporation International Profile
(
Free Report)
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.
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