Service Corporation International $SCI Holdings Lowered by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP reduced its stake in Service Corporation International by 1.9%, now holding shares worth approximately $141.17 million.
• Insider sales include CEO Thomas L. Ryan selling 150,000 shares for over $12 million, indicating a 13.25% decrease in his holdings.
• Service Corporation International announced a quarterly dividend of $0.32 per share, reflecting an annual payout of $1.28 with a yield of 1.6%.

Dimensional Fund Advisors LP reduced its stake in shares of Service Corporation International (NYSE:SCI - Free Report) by 1.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,760,331 shares of the company's stock after selling 34,189 shares during the period. Dimensional Fund Advisors LP owned about 1.24% of Service Corporation International worth $141,169,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. grew its holdings in Service Corporation International by 5.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 8,952,636 shares of the company's stock worth $714,600,000 after acquiring an additional 492,822 shares in the last quarter. Northern Trust Corp grew its holdings in Service Corporation International by 24.9% during the 4th quarter. Northern Trust Corp now owns 1,650,384 shares of the company's stock worth $131,734,000 after acquiring an additional 328,686 shares in the last quarter. Deutsche Bank AG grew its holdings in Service Corporation International by 0.9% during the 1st quarter. Deutsche Bank AG now owns 1,024,608 shares of the company's stock worth $82,174,000 after acquiring an additional 9,342 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Service Corporation International by 1.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 931,194 shares of the company's stock worth $74,682,000 after acquiring an additional 10,972 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Service Corporation International by 136.1% during the 1st quarter. Principal Financial Group Inc. now owns 782,429 shares of the company's stock worth $62,751,000 after acquiring an additional 451,068 shares in the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Service Corporation International news, President Sumner J. Waring III sold 56,100 shares of the business's stock in a transaction dated 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 sale, the president directly owned 295,192 shares in the company, valued at approximately $22,602,851.44. The trade was a 15.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tony Coelho sold 7,850 shares of the business's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $80.60, for a total transaction of $632,710.00. Following the sale, the director owned 36,088 shares in the company, valued at $2,908,692.80. This trade represents a 17.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 213,950 shares of company stock worth $17,001,787. 4.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Oppenheimer raised their price target on shares of Service Corporation International from $86.00 to $91.00 and gave the stock an "outperform" rating in a research report on Thursday. Raymond James Financial restated an "outperform" rating and issued a $90.00 price target (up from $85.00) on shares of Service Corporation International in a research report on Monday, August 4th. Finally, UBS Group reduced their price target on shares of 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 research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $90.25.

Service Corporation International Stock Performance

NYSE:SCI traded down $1.7150 during mid-day trading on Monday, hitting $79.7850. The stock had a trading volume of 395,334 shares, compared to its average volume of 1,148,767. The stock has a market capitalization of $11.19 billion, a price-to-earnings ratio of 21.62, a P/E/G ratio of 1.98 and a beta of 0.90. The company has a 50 day simple moving average of $79.63 and a 200-day simple moving average of $78.73. Service Corporation International has a 52 week low of $71.75 and a 52 week 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.

Service Corporation International (NYSE:SCI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.04. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. Service Corporation International had a net margin of 12.60% and a return on equity of 32.84%. Service Corporation International's quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm posted $0.79 EPS. Service Corporation International has set its FY 2025 guidance at 3.700-4.00 EPS. On average, research 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. Shareholders of record on Monday, September 15th will be given a dividend of $0.32 per share. 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%.

About Service Corporation International

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.