Service Corporation International $SCI Shares Sold by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System reduced its Service Corporation International stake by 2.8% in the second quarter, selling 4,593 shares and retaining 160,346 shares valued at approximately $12.2 million. Institutional investors collectively own 85.53% of SCI.
• Analyst sentiment remains broadly positive, with three Buy ratings and one Hold rating producing a “Moderate Buy” consensus and an average price target of $100.67; however, Wall Street Zen downgraded the stock to Sell.
• SCI reported quarterly EPS of $0.90 and revenue of $1.10 billion, exceeding estimates, while declaring a $0.36 quarterly dividend. The stock recently traded at $81.63, and CEO Thomas Ryan separately sold $21.6 million of shares.

California State Teachers Retirement System lessened its position in shares of Service Corporation International (NYSE:SCI - Free Report) by 2.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 160,346 shares of the company's stock after selling 4,593 shares during the period. California State Teachers Retirement System owned about 0.12% of Service Corporation International worth $12,179,882 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its holdings in shares of Service Corporation International by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 3,451,153 shares of the company's stock valued at $269,128,000 after acquiring an additional 16,541 shares during the period. Tulsa Wealth Advisors INC acquired a new position in shares of Service Corporation International in the second quarter valued at approximately $2,111,000. Turtle Creek Asset Management Inc. boosted its stake in shares of Service Corporation International by 12.0% in the 1st quarter. Turtle Creek Asset Management Inc. now owns 1,161,496 shares of the company's stock valued at $95,835,000 after purchasing an additional 124,151 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Service Corporation International during the 2nd quarter worth about $80,965,000. Finally, Handelsbanken Fonder AB boosted its holdings in Service Corporation International by 3.8% during the 2nd quarter. Handelsbanken Fonder AB now owns 881,985 shares of the company's stock worth $66,996,000 after acquiring an additional 32,137 shares during the last quarter. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SCI shares. Weiss Ratings restated a "hold (c+)" rating on shares of Service Corporation International in a report on Monday, August 31st. UBS Group upped their price target on Service Corporation International from $93.00 to $105.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Finally, Wall Street Zen downgraded shares of Service Corporation International from a "hold" rating to a "sell" rating in a research report on Saturday. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Service Corporation International has a consensus rating of "Moderate Buy" and an average price target of $100.67.

Insider Buying and Selling

In other news, CEO Thomas Ryan sold 253,391 shares of the business's stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $85.25, for a total transaction of $21,601,582.75. Following the completion of the sale, the chief executive officer owned 1,006,212 shares of the company's stock, valued at $85,779,573. The trade was a 20.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.40% of the stock is currently owned by corporate insiders.

Service Corporation International Stock Up 0.4%

SCI stock traded up $0.35 during midday trading on Tuesday, hitting $81.63. The company's stock had a trading volume of 321,924 shares, compared to its average volume of 1,220,967. The stock has a market capitalization of $11.13 billion, a P/E ratio of 21.29, a PEG ratio of 1.82 and a beta of 0.80. The company's fifty day moving average price is $81.98 and its 200 day moving average price is $79.91. The company has a debt-to-equity ratio of 3.32, a current ratio of 0.53 and a quick ratio of 0.49. Service Corporation International has a twelve month low of $68.41 and a twelve month high of $90.99.

Service Corporation International (NYSE:SCI - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.01. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. Service Corporation International had a net margin of 12.30% and a return on equity of 34.38%. Service Corporation International's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.88 EPS. Service Corporation International has set its FY 2026 guidance at 4.100-4.300 EPS. As a group, equities research analysts predict that Service Corporation International will post 4.18 EPS for the current year.

Service Corporation International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.44 dividend on an annualized basis and a yield of 1.8%. Service Corporation International's dividend payout ratio is 37.60%.

Service Corporation International Profile

Service Corporation International NYSE: SCI is a provider of funeral, cremation and cemetery services in North America. The company operates funeral homes, cemeteries and crematoria, serving families through arrangements for traditional funerals, memorial services, cremations and related end-of-life needs.

SCI offers funeral and cemetery merchandise, burial and cremation property, memorialization products and other services. It also provides preneed arrangements, allowing customers to plan and fund funeral or cemetery services in advance.

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