Service Corporation International $SCI Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lessened its position in shares of Service Corporation International (NYSE:SCI) by 7.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,516,848 shares of the company’s stock after selling 125,900 shares during the period. Handelsbanken Fonder AB owned about 1.08% of Service Corporation International worth $123,471,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC acquired a new position in shares of Service Corporation International during the fourth quarter worth $435,000. Kestra Private Wealth Services LLC purchased a new stake in Service Corporation International during the 1st quarter worth about $330,000. IFP Advisors Inc boosted its position 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 acquiring an additional 326 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Service Corporation International by 12.5% in the 1st quarter. Allianz Asset Management GmbH now owns 74,821 shares of the company’s stock valued at $6,001,000 after acquiring an additional 8,329 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Service Corporation International during the 1st quarter worth about $12,146,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SCI shares. UBS Group upped their price target on Service Corporation International from $88.00 to $95.00 and gave the company a “buy” rating in a report on Monday, October 13th. 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, August 21st. 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 research report on Monday, August 4th. Finally, Weiss Ratings lowered shares of Service Corporation International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $92.00.

Service Corporation International Stock Performance

Shares of Service Corporation International stock opened at $78.45 on Friday. The stock has a market capitalization of $11.00 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 1.94 and a beta of 0.93. The firm’s fifty day simple moving average is $81.31 and its 200-day simple moving average is $79.71. 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 12 month low of $71.75 and a 12 month high of $89.37.

Service Corporation International (NYSE:SCI) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.04. Service Corporation International had a net margin of 12.46% and a return on equity of 33.28%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the firm posted $0.79 EPS. Service Corporation International’s revenue for the quarter was up 4.4% on a year-over-year basis. Service Corporation International has set its FY 2025 guidance at 3.800-3.90 EPS. As a group, equities analysts forecast that Service Corporation International will post 3.84 earnings per share for the current year.

Service Corporation International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, December 15th. Service Corporation International’s payout ratio is 36.66%.

Insider Activity at Service Corporation International

In other Service Corporation International news, Director Ellen Ochoa sold 2,514 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $79.41, for a total transaction of $199,636.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Sumner J. Waring III sold 30,300 shares of Service Corporation International stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $83.14, for a total value of $2,519,142.00. Following the completion of the transaction, the president owned 295,192 shares in the company, valued at $24,542,262.88. This trade represents a 9.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 32,823 shares of company stock valued at $2,719,483. 4.40% of the stock is owned by company 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.