2,498 Shares in Service Corporation International $SCI Acquired by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC bought a new position in shares of Service Corporation International (NYSE:SCI) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,498 shares of the company’s stock, valued at approximately $203,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. V Square Quantitative Management LLC acquired a new stake in shares of Service Corporation International during the 2nd quarter valued at $34,000. GAMMA Investing LLC increased its stake in Service Corporation International by 25.2% in the 2nd quarter. GAMMA Investing LLC now owns 3,178 shares of the company’s stock worth $259,000 after purchasing an additional 639 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Service Corporation International by 30.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 4,474 shares of the company’s stock worth $364,000 after purchasing an additional 1,038 shares in the last quarter. Strs Ohio purchased a new position in Service Corporation International in the 1st quarter worth about $1,545,000. Finally, Acadian Asset Management LLC increased its stake in Service Corporation International by 23.6% in the 1st quarter. Acadian Asset Management LLC now owns 14,208 shares of the company’s stock worth $1,137,000 after purchasing an additional 2,715 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Service Corporation International Trading Up 0.2%

Service Corporation International stock opened at $80.79 on Friday. The company’s fifty day simple moving average is $80.53 and its 200-day simple moving average is $79.09. The company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 3.19. Service Corporation International has a 12 month low of $71.75 and a 12 month high of $89.37. The stock has a market cap of $11.33 billion, a P/E ratio of 21.89, a P/E/G ratio of 1.96 and a beta of 0.89.

Service Corporation International (NYSE:SCI) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04. Service Corporation International had a return on equity of 32.84% and a net margin of 12.60%.The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the firm earned $0.79 earnings per share. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. Service Corporation International has set its FY 2025 guidance at 3.700-4.00 EPS. As a group, sell-side analysts forecast that Service Corporation International will post 3.84 EPS for the current fiscal year.

Service Corporation International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $0.32 dividend. The ex-dividend date was Monday, September 15th. This represents a $1.28 dividend on an annualized basis and a yield of 1.6%. Service Corporation International’s dividend payout ratio is currently 34.69%.

Analysts Set New Price Targets

Several brokerages have commented on SCI. Weiss Ratings reiterated a “hold (c+)” rating on shares of Service Corporation International in a report on Wednesday. Oppenheimer upped their price target on shares of Service Corporation International from $86.00 to $91.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. Finally, Raymond James Financial reissued an “outperform” rating and set a $90.00 target price (up from $85.00) on shares of Service Corporation International in a research note on Monday, August 4th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Service Corporation International presently has a consensus rating of “Moderate Buy” and an average price target of $90.25.

Insider Buying and Selling at Service Corporation International

In other Service Corporation International news, CEO Thomas L. Ryan sold 17,520 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer directly 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ellen Ochoa sold 2,514 shares of Service Corporation International stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $79.41, for a total transaction of $199,636.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 252,082 shares of company stock valued at $20,117,233. 4.40% of the stock is currently owned by insiders.

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.