17,042 Shares in Service Corporation International $SCI Purchased by Magnolia Capital Advisors LLC

Magnolia Capital Advisors LLC bought a new stake in Service Corporation International (NYSE:SCI) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 17,042 shares of the company’s stock, valued at approximately $1,295,000.

A number of other large investors have also recently bought and sold shares of SCI. Geode Capital Management LLC raised its position in Service Corporation International by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 3,451,153 shares of the company’s stock worth $269,128,000 after buying an additional 16,541 shares during the last quarter. Tulsa Wealth Advisors INC purchased a new stake in shares of Service Corporation International in the 2nd quarter valued at $2,111,000. Turtle Creek Asset Management Inc. boosted its holdings in shares of Service Corporation International by 12.0% in the 1st quarter. Turtle Creek Asset Management Inc. now owns 1,161,496 shares of the company’s stock valued at $95,835,000 after acquiring an additional 124,151 shares during the last quarter. Aureus Asset Management LLC increased its stake in shares of Service Corporation International by 196.8% in the first quarter. Aureus Asset Management LLC now owns 112,192 shares of the company’s stock worth $9,257,000 after acquiring an additional 74,387 shares during the period. Finally, Handelsbanken Fonder AB increased its stake in shares of Service Corporation International by 3.8% in the second quarter. Handelsbanken Fonder AB now owns 881,985 shares of the company’s stock worth $66,996,000 after acquiring an additional 32,137 shares during the period. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SCI. Weiss Ratings downgraded shares of Service Corporation International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. cut their price target on Service Corporation International from $110.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. UBS Group increased their price target on Service Corporation International from $93.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Wall Street Zen upgraded Service Corporation International from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Service Corporation International has an average rating of “Moderate Buy” and an average target price of $100.67.

Insiders Place Their Bets

In related news, CEO Thomas L. Ryan sold 253,391 shares of Service Corporation International stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $85.25, for a total value of $21,601,582.75. Following the sale, the chief executive officer directly owned 1,006,212 shares in the company, valued at approximately $85,779,573. The trade was a 20.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.40% of the company’s stock.

Service Corporation International Price Performance

Shares of NYSE SCI opened at $85.25 on Thursday. The firm has a market cap of $11.62 billion, a PE ratio of 22.26, a PEG ratio of 1.87 and a beta of 0.81. The firm has a fifty day moving average of $80.35 and a 200 day moving average of $79.87. 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 has a one year low of $68.41 and a one year high of $90.99.

Service Corporation International (NYSE:SCI) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. Service Corporation International had a net margin of 12.30% and a return on equity of 34.38%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the prior year, the business posted $0.88 earnings per share. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. Service Corporation International has set its FY 2026 guidance at 4.100-4.300 EPS. As a group, research analysts predict that Service Corporation International will post 4.18 EPS for the current fiscal year.

Service Corporation International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Tuesday, September 15th. Service Corporation International’s dividend payout ratio is 37.60%.

Service Corporation International Company 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.