Service Corporation International $SCI Shares Bought by Credit Agricole S A

Key Points

• Credit Agricole S A significantly increased its holdings in Service Corporation International by 119.7% in the first quarter, owning 40,127 shares valued at $3.2 million.
• Several analysts have issued ratings for Service Corporation International, with a consensus target price of $90.25 and four analysts giving it a Buy rating.
• Service Corporation International announced a quarterly dividend of $0.32 per share, translating to an annualized dividend of $1.28 and a yield of 1.6%.

Credit Agricole S A increased its stake in shares of Service Corporation International (NYSE:SCI - Free Report) by 119.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 40,127 shares of the company's stock after purchasing an additional 21,864 shares during the period. Credit Agricole S A's holdings in Service Corporation International were worth $3,218,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of Service Corporation International by 20.3% during the 1st 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 period. SG Americas Securities LLC acquired a new stake in Service Corporation International during the 1st quarter worth approximately $869,000. Principal Financial Group Inc. boosted its position in Service Corporation International by 136.1% in the 1st quarter. Principal Financial Group Inc. now owns 782,429 shares of the company's stock valued at $62,751,000 after buying an additional 451,068 shares during the period. Teacher Retirement System of Texas boosted its position in Service Corporation International by 12.6% in the 1st quarter. Teacher Retirement System of Texas now owns 31,019 shares of the company's stock valued at $2,488,000 after buying an additional 3,473 shares during the period. Finally, Ritholtz Wealth Management boosted its position in Service Corporation International by 7.4% in the 1st quarter. Ritholtz Wealth Management now owns 9,966 shares of the company's stock valued at $799,000 after buying an additional 689 shares during the period. Hedge funds and other institutional investors own 85.53% of the company's stock.

Insider Buying and Selling at Service Corporation International

In other news, Director Tony Coelho sold 7,850 shares of the company's 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 directly owned 36,088 shares of the company's stock, valued at approximately $2,908,692.80. This represents a 17.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Sumner J. Waring III sold 56,100 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $76.57, for a total transaction of $4,295,577.00. Following the transaction, the president owned 295,192 shares in the company, valued at approximately $22,602,851.44. This trade represents a 15.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 252,073 shares of company stock valued at $20,116,529 over the last ninety days. 4.40% of the stock is currently owned by corporate insiders.

Service Corporation International Stock Performance

Shares of NYSE:SCI traded down $1.11 on Thursday, reaching $78.65. The company's stock had a trading volume of 438,625 shares, compared to its average volume of 1,144,911. The stock's 50-day moving average is $79.73 and its two-hundred day moving average is $78.77. Service Corporation International has a 52-week low of $71.75 and a 52-week high of $89.37. The company has a debt-to-equity ratio of 3.19, a current ratio of 0.61 and a quick ratio of 0.56. The stock has a market capitalization of $11.03 billion, a P/E ratio of 21.32, a PEG ratio of 1.93 and a beta of 0.90.

Service Corporation International (NYSE:SCI - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.88 EPS for the quarter, beating 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 business had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.05 billion. During the same period in the prior year, the company earned $0.79 earnings per share. The business's revenue 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. As a group, sell-side analysts forecast that Service Corporation International will post 3.84 EPS for the current year.

Service Corporation International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, September 15th. Service Corporation International's dividend payout ratio is presently 34.69%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. UBS Group decreased their price target on shares of Service Corporation International from $90.00 to $88.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Raymond James Financial reissued an "outperform" rating and issued a $90.00 price target (up previously from $85.00) on shares of Service Corporation International in a research report on Monday, August 4th. Finally, Oppenheimer raised their price target 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 investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Service Corporation International presently has an average rating of "Buy" and a consensus target price of $90.25.

About Service Corporation International

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.