Gotham Asset Management LLC Buys 23,107 Shares of Service Corporation International $SCI

Key Points

• Gotham Asset Management LLC increased its ownership of Service Corporation International (SCI) by 20.2% in the first quarter, now holding approximately 137,289 shares valued at over $11 million.
• Several institutional investors have also boosted their positions in SCI, contributing to 85.53% of the stock being owned by institutional investors and hedge funds.
• Service Corporation International declared a quarterly dividend of $0.32 per share, set to be paid on September 30th, reflecting a 1.6% yield for shareholders.

Gotham Asset Management LLC increased its holdings in shares of Service Corporation International (NYSE:SCI - Free Report) by 20.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 137,289 shares of the company's stock after purchasing an additional 23,107 shares during the quarter. Gotham Asset Management LLC owned 0.10% of Service Corporation International worth $11,011,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Assetmark Inc. boosted its position 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 acquiring an additional 244 shares during the last quarter. IFP Advisors Inc boosted its position in Service Corporation International by 87.2% during the 1st quarter. IFP Advisors Inc now owns 700 shares of the company's stock worth $60,000 after acquiring an additional 326 shares during the last quarter. State of Wyoming acquired a new position in Service Corporation International during the 1st quarter worth approximately $63,000. Caitong International Asset Management Co. Ltd acquired a new position in Service Corporation International during the 1st quarter worth approximately $85,000. Finally, Quarry LP boosted its position in Service Corporation International by 127.3% during the 1st quarter. Quarry LP now owns 1,066 shares of the company's stock worth $85,000 after acquiring an additional 597 shares during the last quarter. 85.53% of the stock is owned by institutional investors.

Service Corporation International Stock Down 0.8%

Shares of NYSE SCI traded down $0.66 during trading hours on Friday, hitting $80.25. The company had a trading volume of 159,371 shares, compared to its average volume of 1,129,343. The firm's 50 day moving average is $79.35 and its 200-day moving average is $78.82. Service Corporation International has a 1-year low of $71.75 and a 1-year high of $89.37. The stock has a market capitalization of $11.25 billion, a P/E ratio of 21.74, a price-to-earnings-growth ratio of 1.90 and a beta of 0.90. 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 (NYSE:SCI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the firm posted $0.79 EPS. The company's quarterly 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, analysts expect 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. Shareholders of record on Monday, September 15th will be given a dividend of $0.32 per share. The ex-dividend date is Monday, September 15th. This represents a $1.28 annualized dividend and a yield of 1.6%. Service Corporation International's dividend payout ratio (DPR) is presently 34.69%.

Insider Transactions at Service Corporation International

In related news, Director Tony Coelho sold 7,850 shares of the firm's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $80.60, for a total value of $632,710.00. Following the transaction, the director owned 36,088 shares in the company, valued at approximately $2,908,692.80. This trade represents a 17.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Sumner J. Waring III sold 56,100 shares of the firm'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 completion of the transaction, the president owned 295,192 shares in the company, valued at $22,602,851.44. The trade was a 15.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 252,082 shares of company stock worth $20,117,233 over the last quarter. 4.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SCI shares. Oppenheimer upped their price target on Service Corporation International from $86.00 to $91.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. Raymond James Financial reaffirmed an "outperform" rating and set a $90.00 price target (up previously from $85.00) on shares of Service Corporation International in a research report on Monday, August 4th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Service Corporation International presently has a consensus rating of "Buy" and a consensus price target 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.