Aptus Capital Advisors LLC Grows Position in Service Corporation International $SCI

Key Points

• Aptus Capital Advisors LLC increased its stake in Service Corporation International by 12.0%, bringing their total ownership to 71,974 shares valued at approximately $5.77 million.
• The company reported $1.07 billion in revenue for the last quarter, exceeding expectations, with an earnings per share (EPS) of $0.88, surpassing the consensus estimate.
• Service Corporation International announced a quarterly dividend of $0.32 per share, with the dividend yielding 1.6% annualized, set to be paid on September 30th.

Aptus Capital Advisors LLC grew its stake in shares of Service Corporation International (NYSE:SCI - Free Report) by 12.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,974 shares of the company's stock after buying an additional 7,716 shares during the period. Aptus Capital Advisors LLC owned 0.05% of Service Corporation International worth $5,772,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Assetmark Inc. increased its position in shares of Service Corporation International by 225.9% during the first quarter. Assetmark Inc. now owns 352 shares of the company's stock valued at $28,000 after buying an additional 244 shares during the period. Quarry LP increased its position in shares of Service Corporation International by 359.8% during the fourth quarter. Quarry LP now owns 469 shares of the company's stock valued at $37,000 after buying an additional 367 shares during the period. GeoWealth Management LLC bought a new stake in shares of Service Corporation International during the fourth quarter valued at about $53,000. IFP Advisors Inc increased its position in shares of Service Corporation International by 87.2% during the first quarter. IFP Advisors Inc now owns 700 shares of the company's stock valued at $60,000 after buying an additional 326 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Service Corporation International during the first quarter valued at about $85,000. 85.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on SCI. UBS Group decreased their price target on 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. Oppenheimer upped their price target on Service Corporation International from $86.00 to $91.00 and gave the company an "outperform" rating in a research report on Thursday. Finally, Raymond James Financial reissued an "outperform" rating and set a $90.00 price objective (up previously from $85.00) on shares of Service Corporation International in a report on Monday, August 4th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Service Corporation International currently has an average rating of "Buy" and an average price target of $90.25.

Service Corporation International Price Performance

Shares of SCI traded down $1.7790 during midday trading on Monday, reaching $79.7210. The stock had a trading volume of 180,107 shares, compared to its average volume of 1,147,590. The company has a current ratio of 0.61, a quick ratio of 0.56 and a debt-to-equity ratio of 3.19. The company has a market capitalization of $11.18 billion, a price-to-earnings ratio of 21.60, a price-to-earnings-growth ratio of 1.98 and a beta of 0.90. The company's 50-day moving average is $79.63 and its 200 day moving average is $78.73. Service Corporation International has a 12-month low of $71.75 and a 12-month high of $89.37.

Service Corporation International (NYSE:SCI - Get Free Report) last released its earnings results 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. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. Service Corporation International had a return on equity of 32.84% and a net margin of 12.60%.Service Corporation International's quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS. Service Corporation International has set its FY 2025 guidance at 3.700-4.00 EPS. On average, equities analysts predict that Service Corporation International will post 3.84 EPS for the current fiscal year.

Service Corporation International Dividend Announcement

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

Insiders Place Their Bets

In other Service Corporation International news, President Sumner J. Waring III sold 56,100 shares of the company's stock in a transaction that occurred 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 sale, the president owned 295,192 shares of the company's stock, valued at $22,602,851.44. This represents a 15.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas L. Ryan sold 150,000 shares of the company's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $80.49, for a total value of $12,073,500.00. Following the completion of the sale, the chief executive officer directly owned 982,333 shares of the company's stock, valued at approximately $79,067,983.17. This represents a 13.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 213,950 shares of company stock valued at $17,001,787 over the last quarter. 4.40% of the stock is owned by corporate insiders.

Service Corporation International Company 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.