United Services Automobile Association Takes Position in Service Corporation International $SCI

Key Points

• United Services Automobile Association has invested approximately $767,000 in Service Corporation International (SCI) by purchasing 9,608 shares in the first quarter.
• Service Corporation International reported earnings of $0.88 per share, exceeding the analyst estimate of $0.84, with revenue of $1.07 billion for the quarter.
• The company has announced a quarterly dividend of $0.32 per share, representing an annual yield of 1.6%, to be paid on September 30th to shareholders of record by September 15th.

United Services Automobile Association bought a new position in Service Corporation International (NYSE:SCI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 9,608 shares of the company's stock, valued at approximately $767,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Assetmark Inc. raised its stake in shares of 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 purchasing an additional 244 shares in the last quarter. IFP Advisors Inc grew its holdings in 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 purchasing an additional 326 shares during the last quarter. State of Wyoming bought a new position in shares of Service Corporation International in the first quarter valued at approximately $63,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Service Corporation International in the first quarter valued at approximately $85,000. Finally, Quarry LP lifted its stake in shares of Service Corporation International by 127.3% in the first quarter. Quarry LP now owns 1,066 shares of the company's stock worth $85,000 after buying an additional 597 shares during the last quarter. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Service Corporation International Stock Performance

Shares of SCI traded down $0.81 on Friday, reaching $80.10. 671,931 shares of the stock traded hands, compared to its average volume of 815,304. The firm has a market cap of $11.23 billion, a price-to-earnings ratio of 21.71, a P/E/G ratio of 1.97 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 stock's 50-day moving average price is $79.31 and its 200-day moving average price is $78.81. 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 (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 net margin of 12.60% and a return on equity of 32.84%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the firm posted $0.79 EPS. The business's revenue for the quarter 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. Equities analysts forecast that Service Corporation International will post 3.84 EPS for the current fiscal year.

Service Corporation International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors 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 payout ratio is currently 34.69%.

Analyst Ratings Changes

SCI has been the topic of several recent analyst reports. Oppenheimer lifted their target price on shares of Service Corporation International from $86.00 to $91.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Raymond James Financial reiterated an "outperform" rating and issued a $90.00 price objective (up from $85.00) on shares of Service Corporation International in a research note on Monday, August 4th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Service Corporation International presently has a consensus rating of "Buy" and a consensus target price of $90.25.

Insider Buying and Selling

In other news, President Sumner J. Waring III sold 56,100 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $76.57, for a total value of $4,295,577.00. Following the sale, the president owned 295,192 shares in the company, valued at approximately $22,602,851.44. The trade was a 15.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ellen Ochoa sold 2,514 shares of Service Corporation International stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $79.41, for a total transaction of $199,636.74. The disclosure for this sale can be found here. Over the last three months, insiders have sold 252,082 shares of company stock valued at $20,117,233. 4.40% of the stock is owned by insiders.

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.