Opus Capital Group LLC Has $5.75 Million Position in Service Corporation International $SCI

Key Points

• Opus Capital Group LLC increased its position in Service Corporation International's stock by 10.6%, holding 70,654 shares valued at $5.75 million as of the latest reporting period.
• Several analysts have recently raised their price targets for Service Corporation International, with ratings ranging from "Outperform" to "Buy", setting an average price target of $92.00.
• The company's CEO, Thomas L. Ryan, recently sold 150,000 shares of stock, which reflects a 13.25% decrease in his position, signaling potential insider confidence shifts.

Opus Capital Group LLC increased its position in shares of Service Corporation International (NYSE:SCI - Free Report) by 10.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,654 shares of the company's stock after purchasing an additional 6,772 shares during the period. Service Corporation International makes up about 0.7% of Opus Capital Group LLC's portfolio, making the stock its 28th biggest holding. Opus Capital Group LLC's holdings in Service Corporation International were worth $5,751,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Assetmark Inc. lifted its holdings in Service Corporation International by 225.9% during the 1st quarter. Assetmark Inc. now owns 352 shares of the company's stock worth $28,000 after purchasing an additional 244 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in Service Corporation International in the 2nd quarter valued at $34,000. IFP Advisors Inc raised its holdings in Service Corporation International by 87.2% in the 1st quarter. IFP Advisors Inc now owns 700 shares of the company's stock valued at $60,000 after acquiring an additional 326 shares in the last quarter. State of Wyoming acquired a new position in Service Corporation International in the 1st quarter valued at $63,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Service Corporation International in the 1st quarter valued at $85,000. 85.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SCI has been the subject of several analyst reports. Raymond James Financial reaffirmed 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. UBS Group lifted their price objective on Service Corporation International from $88.00 to $95.00 and gave the company a "buy" rating in a report on Monday, October 13th. Oppenheimer lifted their price objective on Service Corporation International from $86.00 to $91.00 and gave the company an "outperform" rating in a report on Thursday, August 21st. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Service Corporation International in a report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $92.00.

Insiders Place Their Bets

In related news, CEO Thomas L. Ryan sold 150,000 shares of the business's stock in a transaction 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 in the company, valued at $79,067,983.17. The trade was a 13.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Sumner J. Waring III sold 56,100 shares of the business's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $76.57, for a total value of $4,295,577.00. Following the sale, the president owned 295,192 shares in the company, valued at $22,602,851.44. This represents a 15.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 252,082 shares of company stock worth $20,117,233 over the last 90 days. Corporate insiders own 4.40% of the company's stock.

Service Corporation International Price Performance

Service Corporation International stock opened at $81.33 on Friday. 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 has a 52 week low of $71.75 and a 52 week high of $89.37. The stock has a market capitalization of $11.41 billion, a P/E ratio of 22.04, a price-to-earnings-growth ratio of 1.99 and a beta of 0.89. The stock has a fifty day moving average of $80.87 and a 200-day moving average of $79.24.

Service Corporation International (NYSE:SCI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.04. Service Corporation International had a return on equity of 32.84% and a net margin of 12.60%.The company had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.05 billion. During the same quarter in the previous year, the firm earned $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, sell-side analysts expect that Service Corporation International will post 3.84 earnings per share for the current fiscal year.

Service Corporation International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.6%. Service Corporation International's payout ratio is 34.69%.

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.

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