Service Corporation International (NYSE:SCI) Stock Price Down 1.3% – Here’s Why

Service Corporation International (NYSE:SCI)’s share price was down 1.3% during trading on Tuesday . The stock traded as low as $79.36 and last traded at $79.8410. Approximately 1,299,482 shares changed hands during mid-day trading, an increase of 92% from the average daily volume of 675,858 shares. The stock had previously closed at $80.93.

Analyst Ratings Changes

SCI has been the topic of several research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Service Corporation International in a report on Monday, December 29th. UBS Group boosted their target price on shares of Service Corporation International from $88.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $92.00.

Service Corporation International Stock Down 1.3%

The stock has a 50-day moving average price of $78.76 and a 200-day moving average price of $79.85. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.56 and a quick ratio of 0.52. The company has a market capitalization of $11.19 billion, a P/E ratio of 21.52, a P/E/G ratio of 1.78 and a beta of 0.99.

Service Corporation International (NYSE:SCI) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.04. Service Corporation International had a net margin of 12.46% and a return on equity of 33.60%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the business earned $0.79 EPS. The company’s revenue was up 4.4% compared to the same quarter last year. Service Corporation International has set its FY 2025 guidance at 3.800-3.90 EPS. On average, research analysts predict that Service Corporation International will post 3.84 EPS for the current fiscal year.

Service Corporation International Announces Dividend

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

Insiders Place Their Bets

In other Service Corporation International news, President Sumner J. Waring III sold 30,300 shares of the stock in a transaction dated 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 completion of 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 legal filing with the SEC, which is accessible through this link. Also, VP Elisabeth G. Nash sold 42,400 shares of Service Corporation International stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $76.32, for a total value of $3,235,968.00. Following the completion of the transaction, the vice president directly owned 110,006 shares of the company’s stock, valued at approximately $8,395,657.92. This trade represents a 27.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 4.40% of the company’s stock.

Hedge Funds Weigh In On Service Corporation International

Institutional investors and hedge funds have recently modified their holdings of the business. Brighton Jones LLC bought a new position in Service Corporation International in the 4th quarter valued at about $435,000. Royal Bank of Canada increased its holdings in Service Corporation International by 38.8% during the 1st quarter. Royal Bank of Canada now owns 121,883 shares of the company’s stock worth $9,775,000 after purchasing an additional 34,051 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Service Corporation International by 48.7% in the first quarter. Goldman Sachs Group Inc. now owns 417,387 shares of the company’s stock worth $33,474,000 after purchasing an additional 136,770 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Service Corporation International by 2.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 643,978 shares of the company’s stock valued at $51,647,000 after purchasing an additional 15,967 shares in the last quarter. Finally, Focus Partners Wealth boosted its position in shares of Service Corporation International by 3.1% during the first 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. 85.53% of the stock is currently owned by institutional investors.

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.