Service Corporation International $SCI Stock Holdings Cut by Rhumbline Advisers

Rhumbline Advisers cut its position in shares of Service Corporation International (NYSE:SCI) by 2.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 383,477 shares of the company’s stock after selling 9,497 shares during the quarter. Rhumbline Advisers owned 0.27% of Service Corporation International worth $31,215,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Assetmark Inc. boosted its stake in Service Corporation International by 225.9% during the first quarter. Assetmark Inc. now owns 352 shares of the company’s stock valued at $28,000 after buying an additional 244 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Service Corporation International in the 2nd quarter worth approximately $34,000. IFP Advisors Inc raised its holdings in shares of Service Corporation International by 87.2% in the 1st quarter. IFP Advisors Inc now owns 700 shares of the company’s stock worth $60,000 after purchasing an additional 326 shares in the last quarter. Whipplewood Advisors LLC lifted its stake in Service Corporation International by 60.1% during the second quarter. Whipplewood Advisors LLC now owns 743 shares of the company’s stock valued at $60,000 after purchasing an additional 279 shares during the last quarter. Finally, State of Wyoming acquired a new stake in Service Corporation International during the first quarter valued at approximately $63,000. Institutional investors own 85.53% of the company’s stock.

Insider Buying and Selling at Service Corporation International

In other news, President Sumner J. Waring III sold 30,300 shares of the 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 sale, the president directly owned 295,192 shares of the company’s stock, valued at $24,542,262.88. This represents a 9.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Oppenheimer upped their price target on Service Corporation International from $86.00 to $91.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. UBS Group lifted their target price on Service Corporation International from $88.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Service Corporation International in a research report on Tuesday. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $90.00 price target (up previously from $85.00) on shares of Service Corporation International in a research report on Monday, August 4th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $92.00.

Service Corporation International Trading Up 0.9%

NYSE SCI opened at $79.09 on Thursday. The firm’s 50 day moving average price is $81.23 and its two-hundred day moving average price is $79.82. 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 has a twelve month low of $71.75 and a twelve month high of $89.37. The stock has a market cap of $11.09 billion, a price-to-earnings ratio of 21.32, a PEG ratio of 1.94 and a beta of 0.93.

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

Service Corporation International Announces Dividend

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

About Service Corporation International

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.