Turtle Creek Asset Management Inc. Raises Holdings in Service Corporation International $SCI

Turtle Creek Asset Management Inc. increased its holdings in Service Corporation International (NYSE:SCI) by 12.0% during the first quarter, HoldingsChannel.com reports. The fund owned 1,161,496 shares of the company’s stock after buying an additional 124,151 shares during the period. Service Corporation International makes up approximately 3.6% of Turtle Creek Asset Management Inc.’s holdings, making the stock its 15th largest holding. Turtle Creek Asset Management Inc.’s holdings in Service Corporation International were worth $95,835,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SCI. Goldman Sachs Group Inc. grew its stake in shares of Service Corporation International by 48.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 417,387 shares of the company’s stock worth $33,474,000 after purchasing an additional 136,770 shares during the period. Marshall Wace LLP raised its stake in shares of Service Corporation International by 31.8% in the 3rd quarter. Marshall Wace LLP now owns 549,162 shares of the company’s stock valued at $45,701,000 after acquiring an additional 132,591 shares during the period. Aureus Asset Management LLC lifted its position in Service Corporation International by 196.8% during the 1st quarter. Aureus Asset Management LLC now owns 112,192 shares of the company’s stock worth $9,257,000 after acquiring an additional 74,387 shares in the last quarter. Royal Bank of Canada lifted its holdings in Service Corporation International by 38.8% in the 1st quarter. Royal Bank of Canada now owns 121,883 shares of the company’s stock worth $9,775,000 after buying an additional 34,051 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of Service Corporation International by 18.3% during the 1st quarter. California State Teachers Retirement System now owns 164,939 shares of the company’s stock valued at $13,609,000 after buying an additional 25,524 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Service Corporation International Stock Performance

Shares of Service Corporation International stock opened at $85.64 on Thursday. The firm has a market cap of $11.82 billion, a P/E ratio of 22.60, a P/E/G ratio of 1.90 and a beta of 0.84. Service Corporation International has a fifty-two week low of $68.41 and a fifty-two week high of $88.67. The company has a debt-to-equity ratio of 3.22, a current ratio of 0.57 and a quick ratio of 0.52. The firm has a 50 day simple moving average of $76.19 and a 200 day simple moving average of $79.46.

Service Corporation International (NYSE:SCI) last issued its earnings results on Wednesday, July 29th. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.89 by $0.01. Service Corporation International had a net margin of 12.36% and a return on equity of 34.30%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the company posted $0.88 EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. Service Corporation International has set its FY 2026 guidance at 4.100-4.300 EPS. Sell-side analysts predict that Service Corporation International will post 4.15 earnings per share for the current fiscal year.

Service Corporation International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.7%. This is a boost from Service Corporation International’s previous quarterly dividend of $0.34. The ex-dividend date was Monday, June 15th. Service Corporation International’s dividend payout ratio is currently 37.99%.

More Service Corporation International News

Here are the key news stories impacting Service Corporation International this week:

• Positive Sentiment: SCI reported second-quarter adjusted earnings of $0.90 per share, exceeding the $0.89 analyst consensus and rising from $0.88 a year earlier. Revenue reached $1.103 billion, ahead of the $1.08 billion estimate and up approximately 3.6% year over year. Service Corp. (SCI) Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Operating cash flow increased 43% year over year to $238.7 million. Management also raised the midpoint of its 2026 adjusted operating cash-flow outlook to approximately $1.085 billion, strengthening the company’s financial outlook. SCI Q2 revenue rises 4% to $1.1 billion
• Positive Sentiment: SCI confirmed 2026 adjusted EPS guidance of $4.10 to $4.30, representing a $4.20 midpoint above the roughly $4.13 consensus estimate. The guidance confirmation reduces concerns about a near-term earnings reset. SCI Announces Second Quarter 2026 Financial Results
• Neutral Sentiment: Shares are trading above both the 50-day and 200-day moving averages and near the upper end of their 52-week range, indicating strong momentum but also a relatively demanding valuation at roughly 22.6 times earnings.
• Negative Sentiment: Shareholder-driven scrutiny of SCI’s board governance introduces a potential overhang, although the available report does not identify a specific immediate change to management or strategy. Service International Faces Shareholder-Driven Board Governance Scrutiny

Wall Street Analysts Forecast Growth

SCI has been the subject of a number of research reports. Oppenheimer lifted their price objective on shares of Service Corporation International from $94.00 to $97.00 and gave the stock an “outperform” rating in a report on Thursday, April 2nd. JPMorgan Chase & Co. dropped their target price 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. Weiss Ratings lowered Service Corporation International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, June 3rd. Wall Street Zen lowered shares of Service Corporation International from a “hold” rating to a “sell” rating in a research note on Sunday, June 28th. Finally, UBS Group dropped their price target on 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, Service Corporation International has a consensus rating of “Moderate Buy” and an average target price of $95.00.

About Service Corporation International

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.