Service Corporation International $SCI Stake Lowered by Campbell & CO Investment Adviser LLC

Key Points

• Campbell & CO Investment Adviser LLC significantly reduced its holdings in Service Corporation International (SCI) by 68.2% in the first quarter, now owning only 25,920 shares valued at approximately $2.08 million.
• Service Corporation International recently announced a quarterly dividend of $0.32 per share, with an expected annualized dividend yield of 1.6%.
• Service Corporation International's stock currently holds a consensus rating of "Buy" among investment analysts, with a target price averaging $90.25.

Campbell & CO Investment Adviser LLC lessened its holdings in shares of Service Corporation International (NYSE:SCI - Free Report) by 68.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. AlphaQuest LLC acquired a new position in Service Corporation International during the first quarter worth $426,000. Compound Planning Inc. grew its holdings in Service Corporation International by 7.9% during the first quarter. Compound Planning Inc. now owns 9,212 shares of the company's stock worth $739,000 after acquiring an additional 674 shares during the period. Norinchukin Bank The grew its holdings in Service Corporation International by 116.9% during the first quarter. Norinchukin Bank The now owns 345,999 shares of the company's stock worth $27,749,000 after acquiring an additional 186,494 shares during the period. Credit Agricole S A grew its holdings in Service Corporation International by 119.7% during the first quarter. Credit Agricole S A now owns 40,127 shares of the company's stock worth $3,218,000 after acquiring an additional 21,864 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in Service Corporation International during the first quarter worth $307,000. Institutional investors and hedge funds own 85.53% of the company's stock.

Service Corporation International Stock Down 1.1%

SCI stock traded down $0.87 during midday trading on Thursday, hitting $78.89. 748,533 shares of the company's stock were exchanged, compared to its average volume of 1,146,847. The company has a current ratio of 0.61, a quick ratio of 0.56 and a debt-to-equity ratio of 3.19. Service Corporation International has a 12-month low of $71.75 and a 12-month high of $89.37. The firm has a 50 day moving average price of $79.73 and a 200-day moving average price of $78.77. The stock has a market capitalization of $11.06 billion, a price-to-earnings ratio of 21.38, a price-to-earnings-growth ratio of 1.93 and a beta of 0.90.

Service Corporation International (NYSE:SCI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.04. Service Corporation International had a return on equity of 32.84% and a net margin of 12.60%.The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the business earned $0.79 EPS. Service Corporation International's revenue for the quarter 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. On average, analysts anticipate that Service Corporation International will post 3.84 EPS for the current year.

Service Corporation International Announces Dividend

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

Insider Transactions at Service Corporation International

In other Service Corporation International news, President Sumner J. Waring III sold 56,100 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $76.57, for a total transaction of $4,295,577.00. Following the completion of the sale, the president owned 295,192 shares in the company, valued at $22,602,851.44. The trade was a 15.97% 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. Also, CEO Thomas L. Ryan sold 17,520 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $81.91, for a total transaction of $1,435,063.20. Following the sale, the chief executive officer directly owned 982,333 shares in the company, valued at $80,462,896.03. This trade represents a 1.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 252,073 shares of company stock valued at $20,116,529. 4.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

SCI has been the topic of several research reports. Oppenheimer upped their target price on Service Corporation International from $86.00 to $91.00 and gave the company an "outperform" rating in a report on Thursday, August 21st. Raymond James Financial reaffirmed an "outperform" rating and issued 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 reduced their price target on Service Corporation International from $90.00 to $88.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $90.25.

Service Corporation International 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.