Graham Capital Management L.P. bought a new stake in shares of Service Corporation International (NYSE:SCI - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 18,297 shares of the company's stock, valued at approximately $1,467,000.
Several other institutional investors also recently made changes to their positions in SCI. Principal Financial Group Inc. grew its holdings in shares of Service Corporation International by 136.1% during the first quarter. Principal Financial Group Inc. now owns 782,429 shares of the company's stock valued at $62,751,000 after purchasing an additional 451,068 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Service Corporation International by 19,170.2% during the fourth quarter. Millennium Management LLC now owns 333,157 shares of the company's stock valued at $26,593,000 after purchasing an additional 334,904 shares during the last quarter. Nuveen LLC bought a new position in Service Corporation International in the 1st quarter worth approximately $26,674,000. Jennison Associates LLC grew its holdings in Service Corporation International by 3,061.2% in the 1st quarter. Jennison Associates LLC now owns 297,404 shares of the company's stock worth $23,852,000 after buying an additional 287,996 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC grew its holdings in Service Corporation International by 250.0% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 373,398 shares of the company's stock worth $29,805,000 after buying an additional 266,712 shares in the last quarter. 85.53% of the stock is owned by institutional investors.
Service Corporation International Price Performance
NYSE SCI traded down $0.99 on Friday, reaching $77.62. 958,459 shares of the stock traded hands, compared to its average volume of 777,678. The firm's fifty day simple moving average is $79.55 and its 200 day simple moving average is $78.81. The company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 3.19. The company has a market cap of $10.89 billion, a price-to-earnings ratio of 21.04, a P/E/G ratio of 1.89 and a beta of 0.90. Service Corporation International has a 12 month low of $71.75 and a 12 month high of $89.37.
Service Corporation International (NYSE:SCI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.04. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. Service Corporation International had a return on equity of 32.84% and a net margin of 12.60%.The firm's quarterly revenue was up 3.0% on a year-over-year basis. During the same period last year, the company posted $0.79 EPS. Service Corporation International has set its FY 2025 guidance at 3.700-4.00 EPS. As a group, research analysts predict that Service Corporation International will post 3.84 EPS for the current fiscal year.
Service Corporation International Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, September 15th. Service Corporation International's dividend payout ratio (DPR) is presently 34.69%.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on SCI. Oppenheimer increased their price objective on Service Corporation International from $86.00 to $91.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Raymond James Financial reissued an "outperform" rating and issued a $90.00 price objective (up from $85.00) on shares of Service Corporation International in a report on Monday, August 4th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $90.25.
Check Out Our Latest Report on Service Corporation International
Insider Transactions at Service Corporation International
In other Service Corporation International news, President Sumner J. Waring III sold 56,100 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $76.57, for a total transaction of $4,295,577.00. Following the completion of the transaction, the president directly owned 295,192 shares of the company's stock, valued at approximately $22,602,851.44. This trade represents a 15.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Tony Coelho sold 7,850 shares of the stock in a transaction on Monday, August 11th. The shares were sold at an average price of $80.60, for a total value of $632,710.00. Following the transaction, 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. In the last 90 days, insiders sold 252,073 shares of company stock valued at $20,116,529. Company insiders own 4.40% of the company's stock.
Service Corporation International Profile
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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.
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