Public Employees Retirement System of Ohio Takes Position in Service Corporation International $SCI

Public Employees Retirement System of Ohio acquired a new stake in shares of Service Corporation International (NYSE:SCI) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 38,227 shares of the company’s stock, valued at approximately $2,904,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Magnolia Capital Advisors LLC bought a new position in Service Corporation International during the 2nd quarter valued at $1,295,000. Tulsa Wealth Advisors INC acquired a new stake in shares of Service Corporation International in the second quarter valued at $2,111,000. Bank of New York Mellon Corp acquired a new stake in shares of Service Corporation International in the second quarter valued at $80,965,000. Handelsbanken Fonder AB boosted its stake in Service Corporation International by 3.8% during the second 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, Turtle Creek Asset Management Inc. boosted its stake in Service Corporation International by 12.0% during the first quarter. Turtle Creek Asset Management Inc. now owns 1,161,496 shares of the company’s stock valued at $95,835,000 after buying an additional 124,151 shares in the last quarter. Institutional investors own 85.53% of the company’s stock.

Insider Buying and Selling at Service Corporation International

In other news, CEO Thomas Ryan sold 253,391 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $85.25, for a total value of $21,601,582.75. Following the completion of the sale, the chief executive officer directly owned 1,006,212 shares of the company’s stock, valued at $85,779,573. This represents a 20.12% 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. 3.40% of the stock is owned by corporate insiders.

Service Corporation International Stock Performance

Shares of Service Corporation International stock opened at $81.73 on Friday. The stock has a market cap of $11.14 billion, a PE ratio of 21.34, a price-to-earnings-growth ratio of 1.84 and a beta of 0.80. The business has a fifty day simple moving average of $81.55 and a 200-day simple moving average of $79.87. The company has a quick ratio of 0.49, a current ratio of 0.53 and a debt-to-equity ratio of 3.32. Service Corporation International has a 12 month low of $68.41 and a 12 month high of $90.99.

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

Service Corporation International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.36 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.8%. Service Corporation International’s dividend payout ratio is currently 37.60%.

Wall Street Analysts Forecast Growth

SCI has been the topic of several research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Service Corporation International in a research report on Monday. Wall Street Zen upgraded shares of Service Corporation International from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, UBS Group lifted their price objective on shares of Service Corporation International from $93.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Service Corporation International has an average rating of “Moderate Buy” and an average target price of $100.67.

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.