Tobam Acquires 13,976 Shares of Service Corporation International $SCI

Tobam boosted its holdings in Service Corporation International (NYSE:SCI) by 354.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 17,915 shares of the company’s stock after purchasing an additional 13,976 shares during the period. Tobam’s holdings in Service Corporation International were worth $1,458,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Assetmark Inc. boosted its holdings in Service Corporation International by 225.9% during the 1st quarter. Assetmark Inc. now owns 352 shares of the company’s stock valued at $28,000 after acquiring an additional 244 shares during the period. V Square Quantitative Management LLC purchased a new stake in shares of Service Corporation International during the second quarter valued at approximately $34,000. IFP Advisors Inc grew its holdings in shares of Service Corporation International by 87.2% in the first quarter. IFP Advisors Inc now owns 700 shares of the company’s stock worth $60,000 after purchasing an additional 326 shares during the last quarter. Whipplewood Advisors LLC increased its stake in shares of Service Corporation International by 60.1% in the second quarter. Whipplewood Advisors LLC now owns 743 shares of the company’s stock worth $60,000 after buying an additional 279 shares during the period. Finally, State of Wyoming bought a new stake in Service Corporation International during the 1st quarter valued at $63,000. 85.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Weiss Ratings raised shares of Service Corporation International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Raymond James Financial reissued an “outperform” rating and issued a $90.00 target price (up from $85.00) on shares of Service Corporation International in a research note on Monday, August 4th. UBS Group upped their price target on Service Corporation International from $88.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Finally, Oppenheimer lifted their price objective on Service Corporation International from $86.00 to $91.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, Service Corporation International presently has an average rating of “Buy” and an average target price of $92.00.

Insider Activity at Service Corporation International

In other Service Corporation International news, President Sumner J. Waring III sold 30,300 shares of the stock in a transaction on Friday, October 31st. The stock was sold at an average price of $83.14, for a total transaction of $2,519,142.00. Following the sale, the president directly owned 295,192 shares in the company, valued at approximately $24,542,262.88. This trade represents a 9.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Thomas L. Ryan sold 18,089 shares of the business’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $81.82, for a total value of $1,480,041.98. Following the completion of the transaction, the chief executive officer owned 982,333 shares of the company’s stock, valued at $80,374,486.06. This represents a 1.81% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 68,432 shares of company stock valued at $5,634,588. 4.40% of the stock is owned by corporate insiders.

Service Corporation International Stock Up 0.8%

Shares of Service Corporation International stock opened at $80.79 on Wednesday. The firm has a market cap of $11.33 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 1.94 and a beta of 0.93. The company has a debt-to-equity ratio of 3.19, a current ratio of 0.61 and a quick ratio of 0.56. Service Corporation International has a 1 year low of $71.75 and a 1 year high of $89.37. The company has a 50-day moving average of $81.21 and a 200 day moving average of $79.68.

Service Corporation International (NYSE:SCI) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. Service Corporation International had a return on equity of 33.28% and a net margin of 12.46%.The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the company earned $0.79 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. Service Corporation International has set its FY 2025 guidance at 3.800-3.90 EPS. As a group, sell-side analysts anticipate that Service Corporation International will post 3.84 earnings per share for the current fiscal year.

Service Corporation International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Monday, December 15th. Service Corporation International’s payout ratio is presently 36.66%.

Service Corporation International Company 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.