Mitsubishi UFJ Asset Management UK Ltd. Raises Position in Service Corporation International $SCI

Key Points

• Mitsubishi UFJ Asset Management UK Ltd. increased its stake in Service Corporation International by 110.0%, acquiring an additional 11,000 shares, bringing its total holdings to 21,000 shares valued at approximately $1.68 million.
• Service Corporation International reported a quarterly earnings per share (EPS) of $0.88, surpassing expectations, and a revenue of $1.07 billion, marking a 3.0% year-over-year increase.
• Insider transactions included CEO Thomas L. Ryan selling 150,000 shares for over $12 million, reflecting a 13.25% decline in his ownership stake.

Mitsubishi UFJ Asset Management UK Ltd. lifted its holdings in shares of Service Corporation International (NYSE:SCI - Free Report) by 110.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,000 shares of the company's stock after purchasing an additional 11,000 shares during the period. Service Corporation International accounts for 0.9% of Mitsubishi UFJ Asset Management UK Ltd.'s holdings, making the stock its 26th biggest holding. Mitsubishi UFJ Asset Management UK Ltd.'s holdings in Service Corporation International were worth $1,684,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SCI. Assetmark Inc. lifted its holdings in Service Corporation International by 225.9% in the first quarter. Assetmark Inc. now owns 352 shares of the company's stock valued at $28,000 after buying an additional 244 shares during the period. Quarry LP raised its holdings in shares of Service Corporation International by 359.8% during the fourth quarter. Quarry LP now owns 469 shares of the company's stock valued at $37,000 after purchasing an additional 367 shares during the period. GeoWealth Management LLC acquired a new position in shares of Service Corporation International during the fourth quarter valued at about $53,000. IFP Advisors Inc raised its holdings in shares of Service Corporation International by 87.2% during the first quarter. IFP Advisors Inc now owns 700 shares of the company's stock valued at $60,000 after purchasing an additional 326 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Service Corporation International during the first quarter worth about $85,000. Institutional investors and hedge funds own 85.53% of the company's stock.

Service Corporation International Stock Up 0.0%

Shares of SCI traded up $0.01 on Monday, reaching $80.67. The company's stock had a trading volume of 738,744 shares, compared to its average volume of 1,162,601. 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 stock has a market capitalization of $11.31 billion, a PE ratio of 21.86, a PEG ratio of 1.96 and a beta of 0.90. Service Corporation International has a twelve month low of $71.75 and a twelve month high of $89.37. The firm has a fifty day moving average of $79.46 and a 200-day moving average of $78.60.

Service Corporation International (NYSE:SCI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.88 EPS for the quarter, beating the consensus estimate 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 net margin of 12.60% and a return on equity of 32.84%. The company's revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the business posted $0.79 EPS. Equities analysts predict that Service Corporation International will post 3.84 EPS for the current year.

Service Corporation International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $0.32 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.28 annualized dividend and a yield of 1.6%. Service Corporation International's dividend payout ratio (DPR) is 34.69%.

Insider Buying and Selling at Service Corporation International

In other Service Corporation International news, Director Tony Coelho sold 7,850 shares of the stock in a transaction dated 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 sale, the director owned 36,088 shares in the company, valued at approximately $2,908,692.80. This trade represents a 17.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Thomas L. Ryan sold 150,000 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $80.49, for a total transaction of $12,073,500.00. Following the sale, the chief executive officer owned 982,333 shares of the company's stock, 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. In the last 90 days, insiders sold 213,950 shares of company stock worth $17,001,787. Insiders own 4.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SCI shares. Raymond James Financial restated an "outperform" rating and issued a $90.00 target price (up previously from $85.00) on shares of Service Corporation International in a report on Monday, August 4th. UBS Group lowered their target price on shares of Service Corporation International from $90.00 to $88.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $90.50.

Service Corporation International 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.