Service Corporation International $SCI Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lessened its holdings in shares of Service Corporation International (NYSE:SCI) by 6.5% during the 4th quarter, Holdings Channel reports. The firm owned 356,316 shares of the company’s stock after selling 24,884 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Service Corporation International were worth $27,782,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SCI. Brighton Jones LLC acquired a new stake in shares of Service Corporation International during the fourth quarter worth about $435,000. Royal Bank of Canada raised its holdings in Service Corporation International by 38.8% in the first quarter. Royal Bank of Canada now owns 121,883 shares of the company’s stock valued at $9,775,000 after acquiring an additional 34,051 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Service Corporation International by 48.7% in the first quarter. Goldman Sachs Group Inc. now owns 417,387 shares of the company’s stock valued at $33,474,000 after acquiring an additional 136,770 shares in the last quarter. Focus Partners Wealth raised its holdings in Service Corporation International by 3.1% in the first quarter. Focus Partners Wealth now owns 10,571 shares of the company’s stock valued at $848,000 after acquiring an additional 321 shares in the last quarter. Finally, Baird Financial Group Inc. raised its holdings in Service Corporation International by 32.6% in the second quarter. Baird Financial Group Inc. now owns 9,753 shares of the company’s stock valued at $794,000 after acquiring an additional 2,398 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Insiders Place Their Bets

In related news, Director Tony Coelho sold 7,700 shares of Service Corporation International stock in a transaction 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 transaction, the director directly owned 28,388 shares in the company, valued at $2,267,349.56. This trade represents a 21.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.40% of the stock is currently owned by company insiders.

Service Corporation International Stock Performance

Shares of SCI opened at $69.61 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.52 and a debt-to-equity ratio of 3.22. The firm has a market cap of $9.60 billion, a PE ratio of 18.37, a price-to-earnings-growth ratio of 1.57 and a beta of 0.84. The company’s 50 day simple moving average is $79.94 and its 200-day simple moving average is $79.83. Service Corporation International has a 12-month low of $68.41 and a 12-month high of $88.67.

Service Corporation International (NYSE:SCI) last announced its earnings results on Wednesday, April 29th. The company reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.03). Service Corporation International had a return on equity of 34.30% and a net margin of 12.36%.The business had revenue of $544.80 million for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the business posted $0.96 earnings per share. The business’s revenue was up 2.1% on a year-over-year basis. Service Corporation International has set its FY 2026 guidance at 4.050-4.350 EPS. As a group, equities analysts predict that Service Corporation International will post 4.14 EPS for the current year.

Service Corporation International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.36 dividend. This is a positive change from Service Corporation International’s previous quarterly dividend of $0.34. The ex-dividend date is Monday, June 15th. This represents a $1.44 dividend on an annualized basis and a yield of 2.1%. Service Corporation International’s payout ratio is 35.88%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Oppenheimer raised their target price on shares of Service Corporation International from $94.00 to $97.00 and gave the company an “outperform” rating in a report on Thursday, April 2nd. Weiss Ratings cut shares of Service Corporation International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. JPMorgan Chase & Co. cut their price objective on shares of Service Corporation International from $110.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. Wall Street Zen lowered shares of Service Corporation International from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Finally, UBS Group lowered their target price on shares of Service Corporation International from $95.00 to $93.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $95.00.

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.