Quarry LP Grows Position in Service Corporation International $SCI

Quarry LP lifted its position in Service Corporation International (NYSE:SCI) by 127.3% in the 1st quarter, Holdings Channel.com reports. The fund owned 1,066 shares of the company’s stock after acquiring an additional 597 shares during the period. Quarry LP’s holdings in Service Corporation International were worth $85,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Deutsche Bank AG raised its stake in shares of Service Corporation International by 0.9% during the 1st quarter. Deutsche Bank AG now owns 1,024,608 shares of the company’s stock worth $82,174,000 after acquiring an additional 9,342 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Service Corporation International by 1.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 931,194 shares of the company’s stock worth $74,682,000 after purchasing an additional 10,972 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Service Corporation International by 136.1% in the first quarter. Principal Financial Group Inc. now owns 782,429 shares of the company’s stock worth $62,751,000 after buying an additional 451,068 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of Service Corporation International by 0.3% during the 1st quarter. HighTower Advisors LLC now owns 777,936 shares of the company’s stock worth $62,391,000 after acquiring an additional 2,316 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Service Corporation International by 2.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 628,011 shares of the company’s stock valued at $50,128,000 after buying an additional 15,945 shares during the period. 85.53% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Tony Coelho sold 7,850 shares of the firm’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $80.60, for a total value 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 trade represents a 17.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas L. Ryan sold 17,520 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $81.91, for a total value of $1,435,063.20. Following the completion of the transaction, the chief executive officer owned 982,333 shares of the company’s stock, valued at $80,462,896.03. The trade was a 1.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 252,073 shares of company stock valued at $20,116,529 over the last three months. Corporate insiders own 4.40% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on SCI. Oppenheimer lifted their price target on shares of Service Corporation International from $86.00 to $91.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Raymond James Financial reissued an “outperform” rating and issued a $90.00 price target (up from $85.00) on shares of Service Corporation International in a report on Monday, August 4th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $90.25.

Service Corporation International Trading Down 0.1%

Service Corporation International stock opened at $77.95 on Thursday. The firm has a market capitalization of $10.93 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 1.93 and a beta of 0.90. The company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 3.19. The firm has a 50-day moving average price of $79.68 and a two-hundred day moving average price of $78.80. Service Corporation International has a 52-week low of $71.75 and a 52-week high of $89.37.

Service Corporation International (NYSE:SCI) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.04. The business had revenue of $1.07 billion during 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%.The company’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.79 earnings per share. Service Corporation International has set its FY 2025 guidance at 3.700-4.00 EPS. Sell-side analysts expect that Service Corporation International will post 3.84 earnings per share for the current year.

Service Corporation International Announces Dividend

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

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.