Campbell & CO Investment Adviser LLC lowered its stake in shares of Service Corporation International (NYSE:SCI - Free Report) by 68.2% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 25,920 shares of the company's stock after selling 55,594 shares during the period. Campbell & CO Investment Adviser LLC's holdings in Service Corporation International were worth $2,079,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. AlphaQuest LLC bought a new stake in Service Corporation International in the first quarter valued at about $426,000. Compound Planning Inc. increased its stake in Service Corporation International by 7.9% in the first quarter. Compound Planning Inc. now owns 9,212 shares of the company's stock valued at $739,000 after acquiring an additional 674 shares during the period. Norinchukin Bank The increased its stake in Service Corporation International by 116.9% in the first quarter. Norinchukin Bank The now owns 345,999 shares of the company's stock valued at $27,749,000 after acquiring an additional 186,494 shares during the period. Credit Agricole S A increased its stake in Service Corporation International by 119.7% in the first quarter. Credit Agricole S A now owns 40,127 shares of the company's stock valued at $3,218,000 after acquiring an additional 21,864 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. bought a new stake in Service Corporation International in the first quarter valued at about $307,000. Institutional investors own 85.53% of the company's stock.
Insider Activity at Service Corporation International
In related news, CEO Thomas L. Ryan sold 17,520 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $81.91, for a total value of $1,435,063.20. Following the transaction, the chief executive officer directly owned 982,333 shares in the company, valued at $80,462,896.03. This represents a 1.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ellen Ochoa sold 2,514 shares of the stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $79.41, for a total transaction of $199,636.74. The disclosure for this sale can be found here. Insiders sold 252,073 shares of company stock valued at $20,116,529 over the last three months. 4.40% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
SCI has been the topic of a number of analyst reports. Oppenheimer upped their price objective 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. Raymond James Financial reaffirmed an "outperform" rating and set a $90.00 price objective (up from $85.00) on shares of Service Corporation International in a research note on Monday, August 4th. Finally, UBS Group decreased their price objective on shares of Service Corporation International from $90.00 to $88.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Service Corporation International presently has an average rating of "Buy" and an average price target of $90.25.
Read Our Latest Stock Analysis on SCI
Service Corporation International Price Performance
Shares of SCI traded up $0.33 during mid-day trading on Friday, hitting $79.26. 947,790 shares of the company traded hands, compared to its average volume of 888,705. Service Corporation International has a one year low of $71.75 and a one year high of $89.37. 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 business has a 50-day moving average of $79.76 and a 200 day moving average of $78.82. The stock has a market capitalization of $11.11 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 1.93 and a beta of 0.90.
Service Corporation International (NYSE:SCI - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.88 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.05 billion. During the same period in the prior year, the firm earned $0.79 earnings per share. Service Corporation International's revenue was up 3.0% compared to the same quarter last year. Service Corporation International has set its FY 2025 guidance at 3.700-4.00 EPS. As a group, equities analysts expect that Service Corporation International will post 3.84 earnings per share for the current fiscal year.
Service Corporation International Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, September 15th. Service Corporation International's dividend payout ratio is 34.69%.
Service Corporation International Company 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.
Read More
Before you consider Service Corporation International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Service Corporation International wasn't on the list.
While Service Corporation International currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
