Invesco Ltd. Has $30.58 Million Holdings in Service Corporation International $SCI

Key Points

• Invesco Ltd. increased its holdings in Service Corporation International by 46.5%, now owning approximately 381,307 shares valued at $30.58 million.
• Service Corporation International reported a quarterly EPS of $0.88, exceeding estimates and showing a 3.0% revenue increase year-over-year.
• The company declared a quarterly dividend of $0.32 per share, reflecting a yield of 1.6% and a payout ratio of 34.69%.

Invesco Ltd. lifted its position in Service Corporation International (NYSE:SCI - Free Report) by 46.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 381,307 shares of the company's stock after buying an additional 121,040 shares during the period. Invesco Ltd. owned about 0.27% of Service Corporation International worth $30,581,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. increased 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 purchasing an additional 492,822 shares in the last quarter. Northern Trust Corp increased 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 purchasing an additional 328,686 shares in the last quarter. Deutsche Bank AG increased 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 purchasing an additional 9,342 shares in the last quarter. Charles Schwab Investment Management Inc. increased 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 purchasing an additional 10,972 shares in the last quarter. Finally, Principal Financial Group Inc. increased 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 purchasing an additional 451,068 shares in the last quarter. Institutional investors own 85.53% of the company's stock.

Service Corporation International Stock Performance

NYSE:SCI traded up $0.2350 during mid-day trading on Friday, hitting $81.4650. The stock had a trading volume of 771,902 shares, compared to its average volume of 1,017,293. Service Corporation International has a twelve month low of $71.75 and a twelve month high of $89.37. The stock has a market cap of $11.42 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 1.98 and a beta of 0.90. The company's 50 day simple moving average is $79.63 and its 200 day simple moving average is $78.72. 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 issued 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. Service Corporation International had a net margin of 12.60% and a return on equity of 32.84%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the business posted $0.79 EPS. Service Corporation International's revenue was up 3.0% on a year-over-year basis. Service Corporation International has set its FY 2025 guidance at 3.700-4.00 EPS. On average, 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 company also recently announced 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. This represents a $1.28 annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, September 15th. Service Corporation International's dividend payout ratio (DPR) is 34.69%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SCI shares. UBS Group reduced their price objective on shares of Service Corporation International from $90.00 to $88.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Oppenheimer increased their price objective on shares of Service Corporation International from $86.00 to $91.00 and gave the stock an "outperform" rating in a research note on Thursday. Finally, Raymond James Financial restated an "outperform" rating and set a $90.00 price objective (up from $85.00) on shares of Service Corporation International in a research note on Monday, August 4th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Service Corporation International presently has a consensus rating of "Buy" and a consensus target price of $90.25.

Insider Activity at Service Corporation International

In other Service Corporation International news, President Sumner J. Waring III sold 56,100 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the president directly owned 295,192 shares in the company, valued at $22,602,851.44. This trade represents a 15.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Tony Coelho sold 7,850 shares of the firm's stock in a transaction that occurred on 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 of the company's stock, 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 ninety days, insiders sold 213,950 shares of company stock worth $17,001,787. Insiders own 4.40% of the company's stock.

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.