PharVision Advisers LLC bought a new stake in shares of Service Corporation International (NYSE:SCI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,352 shares of the company's stock, valued at approximately $269,000.
Other large investors also recently modified their holdings of the company. Brighton Jones LLC purchased a new stake in Service Corporation International in the 4th quarter worth $435,000. Mercer Global Advisors Inc. ADV raised its position in shares of Service Corporation International by 5.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 3,729 shares of the company's stock valued at $298,000 after buying an additional 183 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Service Corporation International by 13.1% during the 4th quarter. BNP Paribas Financial Markets now owns 16,647 shares of the company's stock valued at $1,329,000 after buying an additional 1,931 shares in the last quarter. Baird Financial Group Inc. raised its position in shares of Service Corporation International by 10.4% during the 4th quarter. Baird Financial Group Inc. now owns 5,106 shares of the company's stock valued at $408,000 after buying an additional 481 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its position in shares of Service Corporation International by 10.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 10,564 shares of the company's stock valued at $843,000 after buying an additional 994 shares in the last quarter. Hedge funds and other institutional investors own 85.53% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on SCI. Raymond James Financial restated an "outperform" rating and set a $90.00 target price (up from $85.00) on shares of Service Corporation International in a research report on Monday, August 4th. Oppenheimer upped their target price on shares of Service Corporation International from $86.00 to $91.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Service Corporation International currently has a consensus rating of "Buy" and a consensus target price of $90.25.
Read Our Latest Research Report on Service Corporation International
Insider Activity
In related news, Director Ellen Ochoa sold 2,514 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $79.41, for a total value of $199,636.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Thomas L. Ryan sold 17,520 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $81.91, for a total transaction of $1,435,063.20. Following the transaction, the chief executive officer directly owned 982,333 shares in the company, valued at approximately $80,462,896.03. This trade represents a 1.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 252,082 shares of company stock valued at $20,117,233. Company insiders own 4.40% of the company's stock.
Service Corporation International Trading Down 1.1%
Service Corporation International stock traded down $0.89 during midday trading on Friday, reaching $80.02. The stock had a trading volume of 198,589 shares, compared to its average volume of 1,129,657. The company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 3.19. Service Corporation International has a 52-week low of $71.75 and a 52-week high of $89.37. The firm has a market cap of $11.22 billion, a price-to-earnings ratio of 21.71, a price-to-earnings-growth ratio of 1.90 and a beta of 0.90. The company has a fifty day moving average of $79.35 and a 200 day moving average of $78.82.
Service Corporation International (NYSE:SCI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the company posted $0.79 EPS. The firm's revenue for the quarter 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, analysts anticipate that Service Corporation International will post 3.84 earnings per share for the current fiscal year.
Service Corporation International Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, September 15th. Service Corporation International's dividend payout ratio is 34.69%.
Service Corporation International Company Profile
(
Free Report)
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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