Mitsubishi UFJ Trust & Banking Corp Has $32.59 Million Position in Service Corporation International $SCI

Mitsubishi UFJ Trust & Banking Corp reduced its position in shares of Service Corporation International (NYSE:SCI) by 19.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 417,917 shares of the company’s stock after selling 103,984 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Service Corporation International were worth $32,585,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. CX Institutional raised its holdings in Service Corporation International by 1.3% during the third quarter. CX Institutional now owns 10,153 shares of the company’s stock worth $845,000 after acquiring an additional 134 shares in the last quarter. KLP Kapitalforvaltning AS raised its holdings in Service Corporation International by 0.7% during the third quarter. KLP Kapitalforvaltning AS now owns 29,900 shares of the company’s stock worth $2,488,000 after acquiring an additional 200 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in Service Corporation International by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 43,521 shares of the company’s stock worth $3,622,000 after acquiring an additional 270 shares in the last quarter. Focus Partners Wealth raised its holdings in Service Corporation International by 3.1% during the first quarter. Focus Partners Wealth now owns 10,571 shares of the company’s stock worth $848,000 after acquiring an additional 321 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in Service Corporation International during the third quarter worth about $33,000. 85.53% of the stock is owned by institutional investors and hedge funds.

Service Corporation International Stock Performance

SCI opened at $86.41 on Thursday. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.50 and a current ratio of 0.55. The business’s 50-day simple moving average is $81.84 and its 200 day simple moving average is $80.73. The firm has a market capitalization of $11.99 billion, a PE ratio of 22.74, a PEG ratio of 1.91 and a beta of 0.97. Service Corporation International has a 52-week low of $74.14 and a 52-week high of $88.67.

Service Corporation International (NYSE:SCI) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.03). The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. Service Corporation International had a net margin of 12.59% and a return on equity of 34.21%. Service Corporation International’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 EPS. Service Corporation International has set its FY 2026 guidance at 4.050-4.350 EPS. As a group, sell-side analysts expect that Service Corporation International will post 4.2 earnings per share for the current fiscal year.

Service Corporation International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were paid a $0.34 dividend. This is a positive change from Service Corporation International’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a yield of 1.6%. The ex-dividend date was Friday, March 13th. Service Corporation International’s dividend payout ratio is currently 35.79%.

Wall Street Analysts Forecast Growth

SCI has been the topic of several analyst reports. Weiss Ratings upgraded Service Corporation International from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, April 24th. Wall Street Zen lowered Service Corporation International from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Oppenheimer upped their target price on Service Corporation International from $94.00 to $97.00 and gave the stock an “outperform” rating in a report on Thursday, April 2nd. Finally, JPMorgan Chase & Co. initiated coverage on Service Corporation International in a report on Tuesday, January 20th. They set an “overweight” rating and a $110.00 target price on the stock. Five investment 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 a consensus target price of $98.00.

Insider Activity at Service Corporation International

In other Service Corporation International news, CAO Tammy R. Moore sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $80.48, for a total value of $402,400.00. Following the sale, the chief accounting officer owned 21,654 shares in the company, valued at $1,742,713.92. This represents a 18.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Tony Coelho sold 7,700 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $79.87, for a total value of $614,999.00. Following the completion of the sale, the director owned 28,388 shares in the company, valued at $2,267,349.56. This represents a 21.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.40% of the stock is owned by corporate insiders.

Service Corporation International Company Profile

Service Corporation International (NYSE: SCI) is a leading provider of funeral, cremation and cemetery services in North America. Through its network of funeral homes, cemeteries, memorial parks and crematoria, the company offers a broad array of end-of-life services, including traditional funeral ceremonies, memorialization, burial and cremation. In addition to core services, SCI provides grief counseling, pre-need planning and merchandise such as caskets, vaults, urns and memorialization products.

Headquartered in Houston, Texas, Service Corporation International operates more than 1,900 funeral homes, over 450 cemeteries and 40 combination facilities across the United States and Canada.