Fox Run Management L.L.C. Has $389,000 Position in Service Corporation International $SCI

Fox Run Management L.L.C. increased its holdings in shares of Service Corporation International (NYSE:SCI) by 50.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,856 shares of the company’s stock after acquiring an additional 1,636 shares during the quarter. Fox Run Management L.L.C.’s holdings in Service Corporation International were worth $389,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Assetmark Inc. increased its holdings in shares of Service Corporation International by 225.9% during the 1st quarter. Assetmark Inc. now owns 352 shares of the company’s stock worth $28,000 after acquiring an additional 244 shares during the last quarter. Quarry LP grew its holdings in Service Corporation International by 359.8% in the 4th quarter. Quarry LP now owns 469 shares of the company’s stock valued at $37,000 after buying an additional 367 shares in the last quarter. GeoWealth Management LLC acquired a new position in Service Corporation International in the 4th quarter valued at $53,000. IFP Advisors Inc grew its holdings in Service Corporation International by 87.2% in the 1st quarter. IFP Advisors Inc now owns 700 shares of the company’s stock valued at $60,000 after buying an additional 326 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Service Corporation International in the 1st quarter valued at $85,000. 85.53% of the stock is owned by institutional investors and hedge funds.

Service Corporation International Stock Performance

SCI opened at $80.67 on Tuesday. The firm has a market cap of $11.31 billion, a P/E ratio of 21.86, a price-to-earnings-growth ratio of 1.96 and a beta of 0.90. Service Corporation International has a 52-week low of $71.75 and a 52-week high of $89.37. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.56 and a current ratio of 0.61. The business’s fifty day moving average is $79.48 and its 200-day moving average is $78.62.

Service Corporation International (NYSE:SCI) last released its earnings results on Wednesday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.04. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. Service Corporation International had a return on equity of 32.84% and a net margin of 12.60%. Service Corporation International’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.79 EPS. Sell-side analysts expect that Service Corporation International will post 3.84 EPS for the current fiscal year.

Service Corporation International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, September 15th. Service Corporation International’s dividend payout ratio is 34.69%.

Insider Transactions at Service Corporation International

In other news, Director Tony Coelho sold 7,850 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $80.60, for a total transaction of $632,710.00. Following the sale, the director directly owned 36,088 shares of the company’s stock, valued at approximately $2,908,692.80. This represents a 17.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas L. Ryan sold 150,000 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $80.49, for a total value of $12,073,500.00. Following the sale, the chief executive officer directly owned 982,333 shares in the company, valued at approximately $79,067,983.17. This trade represents a 13.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 213,950 shares of company stock valued at $17,001,787. 4.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on SCI. UBS Group decreased their price objective on Service Corporation International from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Raymond James Financial reaffirmed an “outperform” rating and issued a $90.00 price objective (up from $85.00) on shares of Service Corporation International in a report on Monday, August 4th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $90.50.

Service Corporation International Profile

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.