Groupama Asset Managment Has $9.74 Million Stock Holdings in Service Corporation International $SCI

Key Points

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Groupama Asset Managment grew its holdings in shares of Service Corporation International (NYSE:SCI - Free Report) by 5.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,091 shares of the company's stock after buying an additional 6,432 shares during the quarter. Groupama Asset Managment owned approximately 0.09% of Service Corporation International worth $9,742,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Tranquility Partners LLC lifted its position in Service Corporation International by 1.7% during the 1st quarter. Tranquility Partners LLC now owns 8,060 shares of the company's stock worth $646,000 after buying an additional 134 shares in the last quarter. Proficio Capital Partners LLC lifted its position in Service Corporation International by 3.6% during the 1st quarter. Proficio Capital Partners LLC now owns 3,859 shares of the company's stock worth $309,000 after buying an additional 135 shares in the last quarter. Fifth Third Bancorp lifted its position in Service Corporation International by 12.2% during the 1st quarter. Fifth Third Bancorp now owns 1,426 shares of the company's stock worth $114,000 after buying an additional 155 shares in the last quarter. Brighton Jones LLC raised its holdings in shares of Service Corporation International by 3.1% in the 1st quarter. Brighton Jones LLC now owns 5,615 shares of the company's stock valued at $450,000 after purchasing an additional 167 shares during the period. Finally, Avantax Advisory Services Inc. raised its holdings in shares of Service Corporation International by 3.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 5,301 shares of the company's stock valued at $425,000 after purchasing an additional 174 shares during the period. 85.53% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Service Corporation International news, Director Tony Coelho sold 7,850 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Thomas L. Ryan sold 150,000 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $80.49, for a total transaction of $12,073,500.00. Following the transaction, the chief executive officer owned 982,333 shares in the company, valued at approximately $79,067,983.17. The trade was a 13.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 213,950 shares of company stock worth $17,001,787 in the last quarter. Corporate insiders own 4.40% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SCI shares. UBS Group dropped their target price on shares of Service Corporation International from $90.00 to $88.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Raymond James Financial reaffirmed an "outperform" rating and issued a $90.00 target price (up from $85.00) on shares of Service Corporation International in a report on Monday, August 4th. Finally, Oppenheimer upped their target price on shares of Service Corporation International from $86.00 to $91.00 and gave the company an "outperform" rating in a report on Thursday. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $90.25.

Service Corporation International Stock Performance

Service Corporation International stock traded up $0.2350 during trading hours on Friday, hitting $81.4650. The company had a trading volume of 771,902 shares, compared to its average volume of 999,035. The firm has a market cap of $11.42 billion, a PE ratio of 22.08, a PEG ratio of 1.98 and a beta of 0.90. 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 one year low of $71.75 and a one year high of $89.37. The firm has a 50-day moving average of $79.63 and a 200 day moving average of $78.73.

Service Corporation International (NYSE:SCI - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.88 earnings per share for the quarter, beating 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 business's revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.79 EPS. Service Corporation International has set its FY 2025 guidance at 3.700-4.00 EPS. On average, sell-side analysts expect that Service Corporation International will post 3.84 earnings per share for the current year.

Service Corporation International Dividend Announcement

The firm also recently announced 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. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, September 15th. Service Corporation International's dividend payout ratio is presently 34.69%.

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.