38,227 Shares in Service Corporation International $SCI Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new stake in shares of Service Corporation International (NYSE:SCI) in the second quarter, HoldingsChannel reports. The fund acquired 38,227 shares of the company’s stock, valued at approximately $2,904,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SCI. Root Financial Partners LLC increased its position in Service Corporation International by 35.7% in the 1st quarter. Root Financial Partners LLC now owns 612 shares of the company’s stock worth $50,000 after purchasing an additional 161 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in shares of Service Corporation International by 4.5% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 4,872 shares of the company’s stock valued at $402,000 after buying an additional 210 shares during the last quarter. Focus Partners Wealth lifted its holdings in shares of Service Corporation International by 3.1% during the 1st quarter. Focus Partners Wealth now owns 10,571 shares of the company’s stock valued at $848,000 after buying an additional 321 shares during the last quarter. Sunbelt Securities Inc. bought a new stake in shares of Service Corporation International in the 3rd quarter valued at approximately $42,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Service Corporation International in the 4th quarter valued at approximately $54,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Service Corporation International Price Performance

NYSE SCI opened at $81.73 on Friday. The stock has a 50-day simple moving average of $81.55 and a 200 day simple moving average of $79.87. Service Corporation International has a twelve month low of $68.41 and a twelve month high of $90.99. The stock has a market capitalization of $11.14 billion, a PE ratio of 21.34, a P/E/G ratio of 1.84 and a beta of 0.80. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.49 and a current ratio of 0.53.

Service Corporation International (NYSE:SCI) last released its earnings results on Wednesday, July 29th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%.The company’s revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 EPS. Service Corporation International has set its FY 2026 guidance at 4.100-4.300 EPS. Research analysts anticipate that Service Corporation International will post 4.18 EPS for the current year.

Service Corporation International Announces Dividend

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

Insider Activity

In other news, CEO Thomas Ryan sold 253,391 shares of the firm’s stock in a transaction 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 sale, the chief executive officer owned 1,006,212 shares in the company, valued at approximately $85,779,573. This trade represents a 20.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SCI shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Service Corporation International in a research report on Monday. Wall Street Zen raised shares of Service Corporation International from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, UBS Group increased their price target 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 investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $100.67.

Service Corporation International Profile

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.