Handelsbanken Fonder AB Grows Stock Holdings in Service Corporation International $SCI

Key Points

• Handelsbanken Fonder increased its Service Corporation International stake by 3.8% in the second quarter to 881,985 shares valued at approximately $67.0 million. Institutional investors collectively own 85.53% of SCI.
• SCI reported quarterly earnings of $0.90 per share, beating estimates by $0.01, while revenue rose 3.6% year over year to $1.10 billion. The company reaffirmed fiscal 2026 EPS guidance of $4.10–$4.30.
• The company declared a quarterly dividend of $0.36 per share, equivalent to a 1.7% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $100.67, although CEO Thomas L. Ryan recently sold 253,391 shares.

Handelsbanken Fonder AB grew its holdings in Service Corporation International (NYSE:SCI - Free Report) by 3.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 881,985 shares of the company's stock after buying an additional 32,137 shares during the period. Handelsbanken Fonder AB owned approximately 0.64% of Service Corporation International worth $66,996,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its position in shares of Service Corporation International by 48.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 417,387 shares of the company's stock valued at $33,474,000 after buying an additional 136,770 shares in the last quarter. Marshall Wace LLP grew its position in Service Corporation International by 31.8% in the third quarter. Marshall Wace LLP now owns 549,162 shares of the company's stock worth $45,701,000 after acquiring an additional 132,591 shares in the last quarter. Turtle Creek Asset Management Inc. increased its stake in Service Corporation International by 12.0% during the first quarter. Turtle Creek Asset Management Inc. now owns 1,161,496 shares of the company's stock worth $95,835,000 after acquiring an additional 124,151 shares during the last quarter. Aureus Asset Management LLC increased its stake in Service Corporation International by 196.8% during the first quarter. Aureus Asset Management LLC now owns 112,192 shares of the company's stock worth $9,257,000 after acquiring an additional 74,387 shares during the last quarter. Finally, Royal Bank of Canada raised its position in Service Corporation International by 38.8% during the first quarter. Royal Bank of Canada now owns 121,883 shares of the company's stock valued at $9,775,000 after purchasing an additional 34,051 shares during the period. 85.53% of the stock is currently owned by institutional investors.

Service Corporation International Trading Down 2.1%

Shares of NYSE:SCI opened at $83.26 on Tuesday. The business's 50-day moving average is $77.63 and its 200 day moving average is $79.67. The company has a debt-to-equity ratio of 3.32, a current ratio of 0.53 and a quick ratio of 0.49. Service Corporation International has a 1 year low of $68.41 and a 1 year high of $90.99. The firm has a market capitalization of $11.35 billion, a P/E ratio of 21.74, a P/E/G ratio of 1.89 and a beta of 0.81.

Service Corporation International (NYSE:SCI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.01. Service Corporation International had a return on equity of 34.38% and a net margin of 12.30%.The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the company earned $0.88 earnings per share. The company's quarterly revenue was up 3.6% on a year-over-year basis. Service Corporation International has set its FY 2026 guidance at 4.100-4.300 EPS. On average, research analysts predict that Service Corporation International will post 4.18 earnings per share for the current fiscal year.

Service Corporation International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Tuesday, September 15th. Service Corporation International's payout ratio is presently 37.60%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SCI. Weiss Ratings lowered Service Corporation International from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, June 3rd. JPMorgan Chase & Co. cut their target price on Service Corporation International from $110.00 to $100.00 and set an "overweight" rating on the stock in a research report on Friday, May 1st. Wall Street Zen upgraded Service Corporation International from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Finally, UBS Group raised their price target on Service Corporation International from $93.00 to $105.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Service Corporation International presently has a consensus rating of "Moderate Buy" and an average price target of $100.67.

Insider Buying and Selling at Service Corporation International

In related news, CEO Thomas L. Ryan sold 253,391 shares of the company's stock in a transaction on Friday, July 31st. The stock was sold at an average price of $85.25, for a total value of $21,601,582.75. Following the transaction, the chief executive officer directly owned 1,006,212 shares of the company's stock, valued at $85,779,573. This represents a 20.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.40% of the stock is owned by company insiders.

Service Corporation International Profile

Service Corporation International NYSE: SCI is a leading provider of funeral, cremation and cemetery services in North America. Through its network of funeral homes, cemeteries, memorial parks and crematoria, the company offers a broad array of end-of-life services, including traditional funeral ceremonies, memorialization, burial and cremation. In addition to core services, SCI provides grief counseling, pre-need planning and merchandise such as caskets, vaults, urns and memorialization products.

Headquartered in Houston, Texas, Service Corporation International operates more than 1,900 funeral homes, over 450 cemeteries and 40 combination facilities across the United States and Canada.

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