Service Corporation International $SCI Stock Position Trimmed by BNP Paribas

BNP Paribas cut its position in Service Corporation International (NYSE:SCI) by 69.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,363 shares of the company’s stock after selling 19,097 shares during the quarter. BNP Paribas’ holdings in Service Corporation International were worth $652,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio lifted its holdings in shares of Service Corporation International by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 43,521 shares of the company’s stock valued at $3,622,000 after purchasing an additional 270 shares in the last quarter. Focus Partners Wealth lifted its holdings in Service Corporation International by 3.1% in the first quarter. Focus Partners Wealth now owns 10,571 shares of the company’s stock valued at $848,000 after acquiring an additional 321 shares during the period. Sunbelt Securities Inc. bought a new position in Service Corporation International in the third quarter valued at about $42,000. Sentry Investment Management LLC purchased a new stake in Service Corporation International in the third quarter worth about $46,000. Finally, V Square Quantitative Management LLC purchased a new stake in Service Corporation International in the fourth quarter worth about $46,000. 85.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on SCI shares. Weiss Ratings cut Service Corporation International from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 8th. UBS Group dropped their price target on Service Corporation International from $95.00 to $93.00 and set a “buy” rating for the company in a research note on Friday, May 1st. JPMorgan Chase & Co. lowered their price objective 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. Wall Street Zen downgraded Service Corporation International from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Finally, Oppenheimer lifted their price target on Service Corporation International from $94.00 to $97.00 and gave the company an “outperform” rating in a report on Thursday, April 2nd. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $95.00.

Insider Activity

In other news, Director Tony Coelho sold 7,700 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $79.87, for a total value of $614,999.00. Following the completion of the transaction, the director owned 28,388 shares of the company’s stock, valued at $2,267,349.56. The trade was a 21.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.40% of the stock is currently owned by company insiders.

Service Corporation International Stock Down 2.9%

Service Corporation International stock opened at $71.01 on Wednesday. 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 stock has a market capitalization of $9.80 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 1.64 and a beta of 0.84. Service Corporation International has a 1-year low of $70.90 and a 1-year high of $88.67. The business has a fifty day moving average price of $80.52 and a 200-day moving average price of $80.12.

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

Service Corporation International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.36 dividend. This is a boost 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 annualized dividend and a dividend yield of 2.0%. Service Corporation International’s payout ratio is presently 35.88%.

About Service Corporation International

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.