Nicholas Company Inc. Sells 11,460 Shares of Service Corporation International $SCI

Nicholas Company Inc. cut its position in Service Corporation International (NYSE:SCI) by 5.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 210,070 shares of the company’s stock after selling 11,460 shares during the quarter. Nicholas Company Inc. owned about 0.15% of Service Corporation International worth $16,379,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Marshall Wace LLP boosted its stake in Service Corporation International by 31.8% in the 3rd quarter. Marshall Wace LLP now owns 549,162 shares of the company’s stock valued at $45,701,000 after purchasing an additional 132,591 shares during the period. Goldman Sachs Group Inc. boosted its stake in Service Corporation International by 48.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 417,387 shares of the company’s stock valued at $33,474,000 after purchasing an additional 136,770 shares during the period. Rhumbline Advisers boosted its stake in Service Corporation International by 3.0% in the 3rd quarter. Rhumbline Advisers now owns 394,961 shares of the company’s stock valued at $32,869,000 after purchasing an additional 11,484 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its stake in Service Corporation International by 8.4% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 381,200 shares of the company’s stock valued at $31,723,000 after purchasing an additional 29,478 shares during the period. Finally, Royal Bank of Canada boosted its stake in Service Corporation International by 38.8% in the 1st quarter. Royal Bank of Canada now owns 121,883 shares of the company’s stock valued at $9,775,000 after purchasing an additional 34,051 shares during the period. 85.53% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Tony Coelho sold 7,700 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $79.87, for a total transaction of $614,999.00. Following the completion of the transaction, the director owned 28,388 shares of the company’s stock, valued at approximately $2,267,349.56. The trade was a 21.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Tammy R. Moore sold 5,000 shares of the business’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $80.48, for a total value of $402,400.00. Following the transaction, the chief accounting officer directly owned 21,654 shares of the company’s stock, valued at $1,742,713.92. This trade represents a 18.76% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.40% of the stock is currently owned by insiders.

Service Corporation International Price Performance

Shares of NYSE SCI opened at $77.71 on Monday. The stock has a market capitalization of $10.72 billion, a PE ratio of 20.50, a P/E/G ratio of 1.74 and a beta of 0.88. The company has a debt-to-equity ratio of 3.22, a current ratio of 0.57 and a quick ratio of 0.52. The business has a fifty day moving average price of $81.80 and a two-hundred day moving average price of $80.65. Service Corporation International has a fifty-two week low of $74.31 and a fifty-two week high of $88.67.

Service Corporation International (NYSE:SCI) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.03). Service Corporation International had a return on equity of 34.30% and a net margin of 12.36%.The business had revenue of $544.80 million for the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the firm posted $0.96 EPS. Service Corporation International’s quarterly revenue was up 2.1% on a year-over-year basis. Service Corporation International has set its FY 2026 guidance at 4.050-4.350 EPS. As a group, equities analysts predict that Service Corporation International will post 4.14 earnings per share for the current fiscal year.

Service Corporation International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.36 per share. This is an increase from Service Corporation International’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.9%. Service Corporation International’s payout ratio is presently 35.88%.

Analyst Ratings Changes

SCI has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their price target on Service Corporation International from $110.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. Weiss Ratings downgraded Service Corporation International from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday. UBS Group dropped their price objective on Service Corporation International from $95.00 to $93.00 and set a “buy” rating for the company in a report on Friday, May 1st. Oppenheimer lifted their price objective on Service Corporation International from $94.00 to $97.00 and gave the company an “outperform” rating in a report on Thursday, April 2nd. Finally, Wall Street Zen cut Service Corporation International from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Five research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Service Corporation International currently has an average rating of “Buy” and an average price target of $95.00.

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.