United Services Automobile Association acquired a new stake in Service Corporation International (NYSE:SCI - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 9,608 shares of the company's stock, valued at approximately $767,000.
Other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. increased its holdings in Service Corporation International by 225.9% during the first quarter. Assetmark Inc. now owns 352 shares of the company's stock worth $28,000 after buying an additional 244 shares during the last quarter. IFP Advisors Inc increased its stake in shares of 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 purchasing an additional 326 shares during the last quarter. State of Wyoming acquired a new position in shares of Service Corporation International during the 1st quarter worth about $63,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Service Corporation International during the 1st quarter worth about $85,000. Finally, Quarry LP increased its stake in shares of 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 purchasing an additional 597 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the stock. Oppenheimer boosted their price objective 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. Raymond James Financial restated an "outperform" rating and set a $90.00 price objective (up from $85.00) on shares of Service Corporation International in a research note on Monday, August 4th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Service Corporation International has an average rating of "Buy" and a consensus price target of $90.25.
Check Out Our Latest Analysis on SCI
Insider Activity at Service Corporation International
In other news, Director Tony Coelho sold 7,850 shares of Service Corporation International stock in a transaction on Monday, August 11th. The stock was sold at an average price of $80.60, for a total transaction of $632,710.00. Following the completion of the sale, the director owned 36,088 shares of the company's stock, valued at approximately $2,908,692.80. This trade represents a 17.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas L. Ryan sold 150,000 shares of the business's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $80.49, for a total transaction 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. The trade was a 13.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold 252,082 shares of company stock valued at $20,117,233 over the last three months. Company insiders own 4.40% of the company's stock.
Service Corporation International Stock Performance
Shares of SCI traded down $0.81 during trading hours on Friday, hitting $80.10. The company had a trading volume of 671,931 shares, compared to its average volume of 820,791. The firm has a market cap of $11.23 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 1.95 and a beta of 0.90. The business has a fifty day moving average of $79.31 and a 200-day moving average of $78.79. Service Corporation International has a 12 month low of $71.75 and a 12 month high of $89.37. 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 issued its quarterly earnings data 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 company had revenue of $1.07 billion for the quarter, compared to analyst estimates 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 was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.79 earnings per share. Service Corporation International has set its FY 2025 guidance at 3.700-4.00 EPS. Equities analysts anticipate that Service Corporation International will post 3.84 EPS for the current fiscal year.
Service Corporation International Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a $0.32 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.28 annualized dividend and a dividend yield of 1.6%. Service Corporation International's dividend payout ratio is presently 34.69%.
About Service Corporation International
(
Free Report)
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.
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