Credit Agricole S A Has $3.22 Million Stock Position in Service Corporation International $SCI

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 grew its position in Service Corporation International (NYSE:SCI - Free Report) by 119.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 40,127 shares of the company's stock after buying 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 quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Banco Bilbao Vizcaya Argentaria S.A. bought a new stake in Service Corporation International in the 1st quarter valued at $307,000. Groupama Asset Managment lifted its position in Service Corporation International by 5.6% in the 1st quarter. Groupama Asset Managment now owns 122,091 shares of the company's stock valued at $9,742,000 after acquiring an additional 6,432 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its position in Service Corporation International by 9.0% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 341,553 shares of the company's stock valued at $27,393,000 after acquiring an additional 28,189 shares in the last quarter. Quantbot Technologies LP bought a new stake in Service Corporation International in the 1st quarter valued at $1,379,000. Finally, Aptus Capital Advisors LLC lifted its position in Service Corporation International by 12.0% in the 1st quarter. Aptus Capital Advisors LLC now owns 71,974 shares of the company's stock valued at $5,772,000 after acquiring an additional 7,716 shares in the last quarter. 85.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on SCI. Oppenheimer boosted their price objective 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. 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 research report on Monday, August 4th. Finally, UBS Group cut their price objective on shares of Service Corporation International from $90.00 to $88.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $90.25.

Insider Activity

In other news, CEO Thomas L. Ryan sold 150,000 shares of the business's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $80.49, for a total transaction of $12,073,500.00. Following the transaction, the chief executive officer directly owned 982,333 shares in the company, valued at $79,067,983.17. The trade was a 13.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Tony Coelho sold 7,850 shares of the business's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $80.60, for a total transaction of $632,710.00. Following the transaction, the director owned 36,088 shares in the company, valued at $2,908,692.80. This represents a 17.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 252,073 shares of company stock valued at $20,116,529 over the last quarter. 4.40% of the stock is currently owned by company insiders.

Service Corporation International Stock Up 0.1%

NYSE:SCI traded up $0.05 on Friday, hitting $78.98. 122,881 shares of the company's stock were exchanged, compared to its average volume of 1,140,499. The firm has a 50-day moving average price of $79.74 and a 200-day moving average price of $78.79. The company has a debt-to-equity ratio of 3.19, a current ratio of 0.61 and a quick ratio of 0.56. Service Corporation International has a 52 week low of $71.75 and a 52 week high of $89.37. The company has a market cap of $11.08 billion, a P/E ratio of 21.41, a price-to-earnings-growth ratio of 1.94 and a beta of 0.90.

Service Corporation International (NYSE:SCI - Get Free Report) last issued its quarterly 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. The firm had revenue of $1.07 billion for the quarter, compared to analysts' expectations 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 period in the previous year, the firm posted $0.79 EPS. Service Corporation International has set its FY 2025 guidance at 3.700-4.00 EPS. As a group, analysts expect that Service Corporation International will post 3.84 EPS for the current fiscal year.

Service Corporation International Announces Dividend

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

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.