California State Teachers Retirement System Purchases 12,014,943 Shares of Service Corporation International $SCI

Key Points

• California State Teachers Retirement System increased its Service Corporation International stake by 7,284.5%, purchasing 12,014,943 shares to own approximately 8.94% of the company, valued at $925.2 million.
• SCI reported quarterly earnings of $0.90 per share, narrowly exceeding estimates, while revenue rose 3.6% year over year to $1.10 billion. The company maintained fiscal 2026 EPS guidance of $4.10–$4.30.
• The company declared a quarterly dividend of $0.36 per share, equivalent to a 1.8% annual yield. Analyst sentiment remains a “Moderate Buy,” with an average price target of $100.67, despite the CEO selling roughly $21.6 million in shares.

California State Teachers Retirement System boosted its holdings in shares of Service Corporation International (NYSE:SCI - Free Report) by 7,284.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,179,882 shares of the company's stock after buying an additional 12,014,943 shares during the quarter. California State Teachers Retirement System owned approximately 8.94% of Service Corporation International worth $925,184,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new position in shares of Service Corporation International during the second quarter worth $2,904,000. Magnolia Capital Advisors LLC purchased a new position in shares of Service Corporation International during the second quarter valued at $1,295,000. Tulsa Wealth Advisors INC bought a new stake in shares of Service Corporation International in the 2nd quarter valued at about $2,111,000. Bank of New York Mellon Corp purchased a new stake in shares of Service Corporation International during the 2nd quarter worth $80,965,000. Finally, Handelsbanken Fonder AB grew its holdings in Service Corporation International by 3.8% in the second quarter. Handelsbanken Fonder AB now owns 881,985 shares of the company's stock worth $66,996,000 after purchasing an additional 32,137 shares during the last quarter. Hedge funds and other institutional investors own 85.53% of the company's stock.

Service Corporation International Trading Up 0.1%

Shares of SCI opened at $82.25 on Monday. Service Corporation International has a 52-week low of $68.41 and a 52-week high of $90.99. The company has a quick ratio of 0.49, a current ratio of 0.53 and a debt-to-equity ratio of 3.32. The stock has a market cap of $11.21 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 1.82 and a beta of 0.80. The firm's fifty day moving average is $81.91 and its two-hundred day moving average is $79.90.

Service Corporation International (NYSE:SCI - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.01. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. Service Corporation International had a net margin of 12.30% and a return on equity of 34.38%. The company's revenue was up 3.6% on a year-over-year basis. During the same period last year, the firm posted $0.88 EPS. Service Corporation International has set its FY 2026 guidance at 4.100-4.300 EPS. Research analysts forecast that Service Corporation International will post 4.18 earnings per share for the current fiscal year.

Service Corporation International Dividend Announcement

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

Analyst Ratings Changes

SCI has been the subject of a number of research reports. Wall Street Zen cut Service Corporation International from a "hold" rating to a "sell" rating in a research report on Saturday. Weiss Ratings reiterated a "hold (c+)" rating on shares of Service Corporation International in a research report on Monday, August 31st. Finally, UBS Group raised their target price on Service Corporation International from $93.00 to $105.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $100.67.

Insiders Place Their Bets

In other news, CEO Thomas Ryan sold 253,391 shares of the firm's stock in a transaction on Friday, July 31st. The stock was sold at an average price of $85.25, for a total transaction of $21,601,582.75. Following the sale, the chief executive officer owned 1,006,212 shares in the company, valued at $85,779,573. This trade represents 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 through this link. Company insiders own 3.40% of the company's stock.

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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