Banque Transatlantique SA Makes New $334,000 Investment in Service Corporation International $SCI

Key Points

• Banque Transatlantique SA invested approximately $334,000 to acquire 4,509 shares of Service Corporation International (SCI) in the 1st quarter.
• Service Corporation International reported $1.07 billion in revenue for the quarter, exceeding analysts' expectations and up 3.0% from the previous year.
• The company declared a quarterly dividend of $0.32 per share, set to be paid on September 30th, representing a 1.6% yield based on an annualized basis.

Banque Transatlantique SA purchased a new stake in shares of Service Corporation International (NYSE:SCI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,509 shares of the company's stock, valued at approximately $334,000.

Other hedge funds also recently bought and sold shares of the company. Tranquility Partners LLC increased its position in Service Corporation International by 1.7% during the first quarter. Tranquility Partners LLC now owns 8,060 shares of the company's stock valued at $646,000 after acquiring an additional 134 shares during the last quarter. Proficio Capital Partners LLC raised its position in shares of Service Corporation International by 3.6% in the 1st quarter. Proficio Capital Partners LLC now owns 3,859 shares of the company's stock valued at $309,000 after purchasing an additional 135 shares during the last quarter. Fifth Third Bancorp increased its holdings in Service Corporation International by 12.2% in the 1st quarter. Fifth Third Bancorp now owns 1,426 shares of the company's stock worth $114,000 after buying an additional 155 shares during the period. Brighton Jones LLC grew its stake in shares of Service Corporation International by 3.1% during the 1st quarter. Brighton Jones LLC now owns 5,615 shares of the company's stock worth $450,000 after purchasing an additional 167 shares during the period. Finally, Avantax Advisory Services Inc. grew its stake in Service Corporation International by 3.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 5,301 shares of the company's stock valued at $425,000 after acquiring an additional 174 shares during the period. Hedge funds and other institutional investors own 85.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Raymond James Financial restated 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. Oppenheimer boosted their price target on shares of Service Corporation International from $86.00 to $91.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $90.25.

Service Corporation International Price Performance

Shares of SCI stock traded up $1.06 during mid-day trading on Monday, reaching $78.88. The stock had a trading volume of 1,119,369 shares, compared to its average volume of 1,137,057. The company has a current ratio of 0.61, a quick ratio of 0.56 and a debt-to-equity ratio of 3.19. The company has a market cap of $11.06 billion, a P/E ratio of 21.38, a price-to-earnings-growth ratio of 1.89 and a beta of 0.90. Service Corporation International has a 12-month low of $71.75 and a 12-month high of $89.37. The business has a 50-day simple moving average of $79.55 and a 200 day simple moving average of $78.81.

Service Corporation International (NYSE:SCI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm's quarterly revenue 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. On average, sell-side analysts anticipate that Service Corporation International will post 3.84 earnings per share for the current year.

Service Corporation International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.32 per share. 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 payout ratio is 34.69%.

Insider Buying and Selling

In other Service Corporation International news, Director Ellen Ochoa sold 2,514 shares of Service Corporation International stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $79.41, for a total transaction of $199,636.74. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Tony Coelho sold 7,850 shares of Service Corporation International stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $80.60, for a total value of $632,710.00. Following the sale, the director owned 36,088 shares in the company, valued at $2,908,692.80. This represents a 17.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 252,082 shares of company stock valued at $20,117,233. Insiders own 4.40% of the company's stock.

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.