UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $51.65 Million Stock Holdings in Service Corporation International $SCI

Key Points

• UBS Asset Management has increased its stake in Service Corporation International (SCI) to 643,978 shares after acquiring 15,967 shares in the 1st quarter, representing a 2.5% growth.
• Both Raymond James and Oppenheimer analysts have raised their price targets for SCI shares, with new targets of $90.00 and $91.00, respectively, indicating a positive outlook for the stock.
• Service Corporation International recently reported a net margin of 12.60% and a year-over-year revenue increase of 3.0%, highlighting its robust financial performance in the latest quarter.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Service Corporation International (NYSE:SCI - Free Report) by 2.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 643,978 shares of the company's stock after buying an additional 15,967 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.45% of Service Corporation International worth $51,647,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Empowered Funds LLC raised its holdings in shares of Service Corporation International by 11.2% during the 1st quarter. Empowered Funds LLC now owns 41,580 shares of the company's stock valued at $3,335,000 after purchasing an additional 4,174 shares in the last quarter. United Services Automobile Association bought a new position in shares of Service Corporation International during the 1st quarter worth about $767,000. Arete Wealth Advisors LLC increased its holdings in shares of Service Corporation International by 31.8% during the 1st quarter. Arete Wealth Advisors LLC now owns 4,119 shares of the company's stock worth $330,000 after purchasing an additional 993 shares during the period. Great Lakes Advisors LLC boosted its position in shares of Service Corporation International by 2.4% during the 1st quarter. Great Lakes Advisors LLC now owns 27,266 shares of the company's stock valued at $2,187,000 after acquiring an additional 636 shares in the last quarter. Finally, Caxton Associates LLP acquired a new stake in shares of Service Corporation International during the 1st quarter valued at about $1,141,000. Institutional investors and hedge funds own 85.53% of the company's stock.

Service Corporation International Stock Down 0.7%

Service Corporation International stock traded down $0.54 during mid-day trading on Friday, reaching $80.00. The company's stock had a trading volume of 2,687,667 shares, compared to its average volume of 842,771. The company has a market capitalization of $11.22 billion, a price-to-earnings ratio of 21.68, a price-to-earnings-growth ratio of 1.96 and a beta of 0.90. Service Corporation International has a 12 month low of $71.75 and a 12 month high of $89.37. The business's 50 day simple moving average is $79.16 and its 200 day simple moving average is $78.80. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.56 and a current ratio of 0.61.

Service Corporation International (NYSE:SCI - Get Free Report) last announced its quarterly 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. The firm had revenue of $1.07 billion during 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% compared to the same quarter last year. During the same quarter last year, the company posted $0.79 earnings per share. Service Corporation International has set its FY 2025 guidance at 3.700-4.00 EPS. As a group, research analysts anticipate that Service Corporation International will post 3.84 earnings per share for the current year.

Service Corporation International Dividend Announcement

The business also recently announced 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. 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 (DPR) is currently 34.69%.

Insider Buying and Selling at Service Corporation International

In other Service Corporation International news, Director Ellen Ochoa sold 2,514 shares of the firm's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $79.41, for a total value of $199,636.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, President Sumner J. Waring III sold 56,100 shares of the firm's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $76.57, for a total transaction of $4,295,577.00. Following the completion of the transaction, the president directly owned 295,192 shares in the company, valued at approximately $22,602,851.44. This represents a 15.97% decrease in their ownership of the stock. 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. Company insiders own 4.40% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Raymond James Financial restated an "outperform" rating and issued a $90.00 price target (up from $85.00) on shares of Service Corporation International in a research report on Monday, August 4th. Oppenheimer boosted their price target on shares of Service Corporation International from $86.00 to $91.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, Service Corporation International presently has a consensus rating of "Buy" and a consensus price target of $90.25.

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.