Service Corporation International $SCI Shares Purchased by Resources Management Corp CT ADV

Key Points

• Resources Management Corp CT ADV has increased its stake in Service Corporation International by 29.2%, acquiring an additional 6,866 shares, bringing its total holdings to 30,400 shares valued at approximately $2.44 million.
• Several large investors have also raised their positions in Service Corporation International, with institutional ownership now at 85.53% of the company's stock.
• Analysts are optimistic about Service Corporation International's stock, with a consensus rating of "Buy" and an average price target of $90.25 following positive quarterly earnings that exceeded expectations.

Resources Management Corp CT ADV raised its holdings in Service Corporation International (NYSE:SCI - Free Report) by 29.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 30,400 shares of the company's stock after buying an additional 6,866 shares during the quarter. Resources Management Corp CT ADV's holdings in Service Corporation International were worth $2,438,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in shares of Service Corporation International by 20.3% in the first quarter. GAMMA Investing LLC now owns 2,539 shares of the company's stock worth $204,000 after purchasing an additional 429 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Service Corporation International in the first quarter worth about $869,000. Principal Financial Group Inc. raised its stake in shares of Service Corporation International by 136.1% in the first 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 during the last quarter. Teacher Retirement System of Texas raised its stake in shares of Service Corporation International by 12.6% in the first quarter. Teacher Retirement System of Texas now owns 31,019 shares of the company's stock worth $2,488,000 after purchasing an additional 3,473 shares during the last quarter. Finally, Ritholtz Wealth Management raised its stake in shares of Service Corporation International by 7.4% in the first quarter. Ritholtz Wealth Management now owns 9,966 shares of the company's stock worth $799,000 after purchasing an additional 689 shares during the last quarter. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Service Corporation International Stock Performance

Service Corporation International stock traded down $0.43 during midday trading on Friday, hitting $80.48. 258,026 shares of the company were exchanged, compared to its average volume of 1,129,984. The firm has a market capitalization of $11.29 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 1.90 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 business has a fifty day simple moving average of $79.35 and a two-hundred day simple moving average of $78.82. 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 posted its earnings results on Wednesday, July 30th. The company reported $0.88 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the company earned $0.79 earnings per share. Service Corporation International's revenue for the quarter was up 3.0% compared to the same quarter last year. Service Corporation International has set its FY 2025 guidance at 3.700-4.00 EPS. On average, sell-side analysts forecast that Service Corporation International will post 3.84 earnings per share for the current year.

Service Corporation International Announces Dividend

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

Insiders Place Their Bets

In other Service Corporation International news, Director Ellen Ochoa sold 2,514 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $79.41, for a total value of $199,636.74. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Thomas L. Ryan sold 17,520 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $81.91, for a total value of $1,435,063.20. Following the completion of the sale, the chief executive officer directly owned 982,333 shares in the company, valued at approximately $80,462,896.03. The trade was a 1.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 252,082 shares of company stock valued at $20,117,233 in the last three months. 4.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SCI shares. Raymond James Financial restated an "outperform" rating and issued a $90.00 price objective (up from $85.00) on shares of Service Corporation International in a research note on Monday, August 4th. Oppenheimer raised their price objective 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 analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $90.25.

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.