Landscape Capital Management L.L.C. Buys Shares of 5,409 Service Corporation International $SCI

Key Points

• Landscape Capital Management L.L.C. has acquired 5,409 shares of Service Corporation International (SCI), valued at approximately $434,000, marking a new position for the firm in Q1.
• Service Corporation International reported a quarterly EPS of $0.88, exceeding analysts' expectations of $0.84, with a year-over-year revenue increase of 3.0% to $1.07 billion.
• The company announced a quarterly dividend of $0.32 per share, scheduled for payment on September 30th, representing a 1.6% dividend yield.

Landscape Capital Management L.L.C. acquired a new position in shares of Service Corporation International (NYSE:SCI - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,409 shares of the company's stock, valued at approximately $434,000.

Several other institutional investors and hedge funds have also bought and sold shares of SCI. Assetmark Inc. lifted its position in Service Corporation International by 225.9% during the first quarter. Assetmark Inc. now owns 352 shares of the company's stock worth $28,000 after purchasing an additional 244 shares during the period. Quarry LP lifted its position in Service Corporation International by 359.8% during the fourth quarter. Quarry LP now owns 469 shares of the company's stock worth $37,000 after purchasing an additional 367 shares during the period. IFP Advisors Inc lifted its position in Service Corporation International by 87.2% during the first quarter. IFP Advisors Inc now owns 700 shares of the company's stock worth $60,000 after purchasing an additional 326 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in Service Corporation International during the first quarter worth about $85,000. Finally, Fifth Third Bancorp raised its stake in Service Corporation International by 12.2% during the first quarter. Fifth Third Bancorp now owns 1,426 shares of the company's stock worth $114,000 after acquiring an additional 155 shares in the last quarter. Institutional investors own 85.53% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on SCI shares. Raymond James Financial reissued an "outperform" rating and set a $90.00 target price (up previously from $85.00) on shares of Service Corporation International in a research note on Monday, August 4th. Oppenheimer boosted their target price on Service Corporation International from $86.00 to $91.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $90.25.

Insider Buying and Selling at Service Corporation International

In related news, Director Tony Coelho sold 7,850 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the director owned 36,088 shares in the company, valued at $2,908,692.80. This trade represents a 17.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ellen Ochoa sold 2,514 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $79.41, for a total transaction of $199,636.74. The disclosure for this sale can be found here. Insiders have sold 252,073 shares of company stock worth $20,116,529 in the last 90 days. Corporate insiders own 4.40% of the company's stock.

Service Corporation International Price Performance

NYSE SCI traded down $0.11 during trading on Wednesday, hitting $77.95. 700,016 shares of the company's stock were exchanged, compared to its average volume of 798,415. The company has a current ratio of 0.61, a quick ratio of 0.56 and a debt-to-equity ratio of 3.19. The company has a market cap of $10.93 billion, a PE ratio of 21.12, a P/E/G ratio of 1.93 and a beta of 0.90. Service Corporation International has a fifty-two week low of $71.75 and a fifty-two week high of $89.37. The stock's 50 day moving average price is $79.68 and its two-hundred day moving average price is $78.80.

Service Corporation International (NYSE:SCI - Get Free Report) last released its quarterly earnings data 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 the consensus estimate 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 revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.79 earnings per share. Service Corporation International has set its FY 2025 guidance at 3.700-4.00 EPS. Research analysts expect that Service Corporation International will post 3.84 EPS for the current year.

Service Corporation International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis 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%.

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.