Tulsa Wealth Advisors INC Acquires New Position in Service Corporation International $SCI

Tulsa Wealth Advisors INC acquired a new stake in shares of Service Corporation International (NYSE:SCI) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 27,785 shares of the company’s stock, valued at approximately $2,111,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its position in shares of Service Corporation International by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 3,451,153 shares of the company’s stock valued at $269,128,000 after purchasing an additional 16,541 shares during the period. Turtle Creek Asset Management Inc. boosted its holdings in Service Corporation International by 12.0% in the 1st quarter. Turtle Creek Asset Management Inc. now owns 1,161,496 shares of the company’s stock worth $95,835,000 after buying an additional 124,151 shares during the period. Aureus Asset Management LLC boosted its holdings in Service Corporation International by 196.8% in the 1st quarter. Aureus Asset Management LLC now owns 112,192 shares of the company’s stock worth $9,257,000 after buying an additional 74,387 shares during the period. Handelsbanken Fonder AB grew its stake in Service Corporation International by 3.8% in the 2nd quarter. Handelsbanken Fonder AB now owns 881,985 shares of the company’s stock valued at $66,996,000 after buying an additional 32,137 shares in the last quarter. Finally, Brighton Jones LLC purchased a new position in Service Corporation International in the 4th quarter valued at approximately $435,000. Institutional investors own 85.53% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SCI shares. Weiss Ratings downgraded Service Corporation International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, June 3rd. Wall Street Zen upgraded Service Corporation International from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. UBS Group boosted their price objective on Service Corporation International from $93.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. dropped their price objective on Service Corporation International from $110.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Service Corporation International presently has a consensus rating of “Moderate Buy” and a consensus target price of $100.67.

Service Corporation International Trading Down 0.0%

Service Corporation International stock opened at $84.21 on Monday. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.49 and a current ratio of 0.53. Service Corporation International has a fifty-two week low of $68.41 and a fifty-two week high of $90.99. The stock has a market cap of $11.48 billion, a P/E ratio of 21.99, a PEG ratio of 1.87 and a beta of 0.81. The firm’s fifty day moving average price is $78.74 and its 200-day moving average price is $79.74.

Service Corporation International (NYSE:SCI) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.01. Service Corporation International had a return on equity of 34.38% and a net margin of 12.30%.The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the company earned $0.88 earnings per share. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. Service Corporation International has set its FY 2026 guidance at 4.100-4.300 EPS. Equities research analysts forecast that Service Corporation International will post 4.18 earnings per share for the current fiscal year.

Service Corporation International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Tuesday, September 15th. Service Corporation International’s dividend payout ratio (DPR) is 37.60%.

Insider Activity

In other news, CEO Thomas L. Ryan sold 253,391 shares of the business’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $85.25, for a total transaction of $21,601,582.75. Following the completion of the transaction, the chief executive officer owned 1,006,212 shares of the company’s stock, valued at approximately $85,779,573. The trade was a 20.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.40% of the company’s stock.

Service Corporation International 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.