Caxton Associates LLP Purchases Shares of 14,231 Service Corporation International $SCI

Key Points

• Caxton Associates LLP has invested approximately $1.14 million in Service Corporation International by purchasing 14,231 shares in the first quarter.
• Service Corporation International reported a net profit margin of 12.60% and earnings of $0.88 per share, exceeding expectations in its latest quarterly results.
• The company declared a quarterly dividend of $0.32 per share with a yield of 1.6%, scheduled to be paid on September 30th.

Caxton Associates LLP purchased a new position in Service Corporation International (NYSE:SCI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,231 shares of the company's stock, valued at approximately $1,141,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. grew its stake in shares of Service Corporation International by 225.9% in the first quarter. Assetmark Inc. now owns 352 shares of the company's stock worth $28,000 after acquiring an additional 244 shares during the last quarter. IFP Advisors Inc grew its stake in shares of Service Corporation International by 87.2% in the first quarter. IFP Advisors Inc now owns 700 shares of the company's stock worth $60,000 after acquiring an additional 326 shares during the last quarter. State of Wyoming purchased a new stake in shares of Service Corporation International in the first quarter worth $63,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Service Corporation International in the first quarter worth $85,000. Finally, Quarry LP grew its stake in shares of Service Corporation International by 127.3% in the first quarter. Quarry LP now owns 1,066 shares of the company's stock worth $85,000 after acquiring an additional 597 shares during the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on SCI. Raymond James Financial reissued an "outperform" rating and issued a $90.00 target price (up from $85.00) on shares of Service Corporation International in a research note on Monday, August 4th. Oppenheimer raised their price objective on shares of Service Corporation International from $86.00 to $91.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, Service Corporation International presently has a consensus rating of "Buy" and a consensus price target of $90.25.

Insider Buying and Selling at Service Corporation International

In other Service Corporation International news, Director Ellen Ochoa sold 2,514 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $79.41, for a total transaction of $199,636.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tony Coelho sold 7,850 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $80.60, for a total transaction of $632,710.00. Following the sale, the director directly owned 36,088 shares of the company's stock, valued at approximately $2,908,692.80. The trade was a 17.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 252,082 shares of company stock valued at $20,117,233 in the last ninety days. 4.40% of the stock is owned by insiders.

Service Corporation International Stock Up 0.3%

NYSE:SCI traded up $0.22 during mid-day trading on Monday, reaching $79.99. The company's stock had a trading volume of 263,073 shares, compared to its average volume of 1,127,209. Service Corporation International has a 1 year low of $71.75 and a 1 year high of $89.37. The stock has a fifty day moving average of $79.31 and a 200-day moving average of $78.79. The firm has a market capitalization of $11.22 billion, a PE ratio of 21.67, a price-to-earnings-growth ratio of 1.95 and a beta of 0.90. The company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 3.19.

Service Corporation International (NYSE:SCI - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.88 earnings per share for the quarter, topping 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 company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the firm earned $0.79 earnings per share. The firm'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. Equities research analysts forecast that Service Corporation International will post 3.84 earnings per share for the current year.

Service Corporation International Dividend Announcement

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

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.