BI Asset Management Fondsmaeglerselskab A S Increases Position in Service Corporation International $SCI

Key Points

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BI Asset Management Fondsmaeglerselskab A S grew its position in Service Corporation International (NYSE:SCI - Free Report) by 9.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 341,553 shares of the company's stock after buying an additional 28,189 shares during the period. BI Asset Management Fondsmaeglerselskab A S owned approximately 0.24% of Service Corporation International worth $27,393,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of SCI. Brighton Jones LLC purchased a new position in Service Corporation International in the fourth quarter worth about $435,000. Barclays PLC raised its holdings in Service Corporation International by 24.5% in the fourth quarter. Barclays PLC now owns 153,571 shares of the company's stock worth $12,257,000 after buying an additional 30,196 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Service Corporation International by 70.3% in the fourth quarter. NewEdge Advisors LLC now owns 10,774 shares of the company's stock worth $860,000 after buying an additional 4,448 shares during the last quarter. GeoWealth Management LLC purchased a new position in Service Corporation International in the fourth quarter worth about $53,000. Finally, First Trust Advisors LP purchased a new position in Service Corporation International in the fourth quarter worth about $4,299,000. 85.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Service Corporation International

In other Service Corporation International news, Director Tony Coelho sold 7,850 shares of the company's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $80.60, for a total transaction of $632,710.00. Following the completion of the sale, the director directly owned 36,088 shares of the company's stock, valued at approximately $2,908,692.80. This represents a 17.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas L. Ryan sold 150,000 shares of the company's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $80.49, for a total transaction of $12,073,500.00. Following the sale, the chief executive officer directly owned 982,333 shares of the company's stock, valued at approximately $79,067,983.17. This represents a 13.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 213,950 shares of company stock valued at $17,001,787. Insiders own 4.40% of the company's stock.

Analyst Upgrades and Downgrades

SCI has been the subject of several recent analyst reports. UBS Group decreased 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. Oppenheimer boosted their price objective on shares of Service Corporation International from $86.00 to $91.00 and gave the company an "outperform" rating in a report on Thursday. Finally, Raymond James Financial reissued an "outperform" rating and set a $90.00 price objective (up from $85.00) on shares of Service Corporation International in a report on Monday, August 4th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $90.25.

Service Corporation International Stock Performance

Shares of SCI traded up $0.2350 during mid-day trading on Friday, hitting $81.4650. 771,902 shares of the company traded hands, compared to its average volume of 1,017,293. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.56 and a current ratio of 0.61. The stock has a 50-day moving average price of $79.63 and a two-hundred day moving average price of $78.70. Service Corporation International has a 1 year low of $71.75 and a 1 year high of $89.37. The stock has a market cap of $11.42 billion, a price-to-earnings ratio of 22.08, a P/E/G ratio of 1.97 and a beta of 0.90.

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

Service Corporation International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, September 15th. Service Corporation International's dividend payout ratio is currently 34.69%.

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.