Focus Partners Advisor Solutions LLC Takes Position in Service Corporation International $SCI

Key Points

• Focus Partners Advisor Solutions LLC has acquired a new stake in Service Corporation International (SCI) with a purchase of 3,502 shares valued at approximately $281,000.
• Wall Street analysts have upgraded their price targets for SCI, with Oppenheimer setting a new target of $91.00, indicating a positive outlook for the stock.
• The company recently declared a quarterly dividend of $0.32 per share, with a payout ratio of 34.69%, scheduled for payment on September 30th.

Focus Partners Advisor Solutions LLC bought a new position in Service Corporation International (NYSE:SCI - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 3,502 shares of the company's stock, valued at approximately $281,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Tranquility Partners LLC lifted its position in Service Corporation International by 1.7% during the 1st quarter. Tranquility Partners LLC now owns 8,060 shares of the company's stock valued at $646,000 after acquiring an additional 134 shares during the period. Proficio Capital Partners LLC lifted its position in Service Corporation International by 3.6% during the 1st quarter. Proficio Capital Partners LLC now owns 3,859 shares of the company's stock valued at $309,000 after acquiring an additional 135 shares during the period. Fifth Third Bancorp lifted its position in Service Corporation International by 12.2% during the 1st quarter. Fifth Third Bancorp now owns 1,426 shares of the company's stock valued at $114,000 after acquiring an additional 155 shares during the period. Brighton Jones LLC lifted its position in Service Corporation International by 3.1% during the 1st quarter. Brighton Jones LLC now owns 5,615 shares of the company's stock valued at $450,000 after acquiring an additional 167 shares during the period. Finally, Avantax Advisory Services Inc. lifted its position in Service Corporation International by 3.4% during the 1st quarter. Avantax Advisory Services Inc. now owns 5,301 shares of the company's stock valued at $425,000 after acquiring an additional 174 shares during the period. 85.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Service Corporation International

In related news, Director Tony Coelho sold 7,850 shares of the company's stock in a transaction on 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 owned 36,088 shares of the company's stock, valued at $2,908,692.80. This represents a 17.87% 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. Also, CEO Thomas L. Ryan sold 150,000 shares of the company's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $80.49, for a total transaction of $12,073,500.00. Following the sale, the chief executive officer directly owned 982,333 shares in the company, valued at approximately $79,067,983.17. The trade was a 13.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 252,082 shares of company stock worth $20,117,233 over the last ninety days. 4.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

SCI has been the subject of a number of recent research reports. Oppenheimer lifted their price target on shares of Service Corporation International from $86.00 to $91.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. Raymond James Financial reissued an "outperform" rating and set a $90.00 price target (up from $85.00) on shares of Service Corporation International in a research report on Monday, August 4th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $90.25.

Service Corporation International Stock Performance

Shares of SCI stock traded down $0.81 during trading hours on Friday, reaching $80.10. The company had a trading volume of 671,931 shares, compared to its average volume of 815,304. The business has a fifty day moving average price of $79.31 and a 200-day moving average price of $78.81. Service Corporation International has a one year low of $71.75 and a one year high of $89.37. The firm has a market cap of $11.23 billion, a PE ratio of 21.71, a price-to-earnings-growth ratio of 1.97 and a beta of 0.90. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.56 and a current ratio of 0.61.

Service Corporation International (NYSE:SCI - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.04. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. Service Corporation International had a net margin of 12.60% and a return on equity of 32.84%. The firm's quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.79 earnings per share. Service Corporation International has set its FY 2025 guidance at 3.700-4.00 EPS. Sell-side analysts predict 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 announced 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 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, September 15th. Service Corporation International's payout ratio is 34.69%.

Service Corporation International Company 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.