Boston Trust Walden Corp Grows Stock Holdings in Service Corporation International $SCI

Boston Trust Walden Corp raised its holdings in shares of Service Corporation International (NYSE:SCI) by 1.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 622,373 shares of the company’s stock after acquiring an additional 9,821 shares during the quarter. Boston Trust Walden Corp owned approximately 0.44% of Service Corporation International worth $50,661,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of SCI. Deutsche Bank AG grew its position in shares of Service Corporation International by 0.9% during the first quarter. Deutsche Bank AG now owns 1,024,608 shares of the company’s stock worth $82,174,000 after purchasing an additional 9,342 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Service Corporation International by 1.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 931,194 shares of the company’s stock worth $74,682,000 after buying an additional 10,972 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Service Corporation International by 136.1% in the first quarter. Principal Financial Group Inc. now owns 782,429 shares of the company’s stock worth $62,751,000 after buying an additional 451,068 shares in the last quarter. HighTower Advisors LLC increased its holdings in Service Corporation International by 0.3% in the 1st quarter. HighTower Advisors LLC now owns 777,936 shares of the company’s stock valued at $62,391,000 after acquiring an additional 2,316 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Service Corporation International by 2.5% in the 1st 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 acquiring an additional 15,967 shares during the last quarter. 85.53% of the stock is owned by institutional investors.

Insider Activity at Service Corporation International

In other news, President Sumner J. Waring III sold 56,100 shares of Service Corporation International stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $76.57, for a total transaction of $4,295,577.00. Following the completion of the sale, the president owned 295,192 shares of the company’s stock, valued at approximately $22,602,851.44. The trade was a 15.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Tony Coelho sold 7,850 shares of the firm’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $80.60, for a total value of $632,710.00. Following the transaction, the director owned 36,088 shares in the company, valued at $2,908,692.80. The trade was a 17.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 252,082 shares of company stock valued at $20,117,233. Company insiders own 4.40% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on SCI shares. Raymond James Financial reiterated an “outperform” rating and issued a $90.00 price target (up from $85.00) on shares of Service Corporation International in a report on Monday, August 4th. UBS Group increased their price target on Service Corporation International from $88.00 to $95.00 and gave the company a “buy” rating in a research note on Monday. Oppenheimer increased their price target on Service Corporation International from $86.00 to $91.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Service Corporation International in a report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $92.00.

Service Corporation International Stock Performance

Shares of NYSE:SCI opened at $81.41 on Tuesday. The company has a current ratio of 0.61, a quick ratio of 0.56 and a debt-to-equity ratio of 3.19. Service Corporation International has a 12 month low of $71.75 and a 12 month high of $89.37. The company has a market capitalization of $11.42 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 1.96 and a beta of 0.89. The firm’s 50-day moving average is $80.58 and its 200 day moving average is $79.09.

Service Corporation International (NYSE:SCI) last announced its earnings results on Wednesday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.04. Service Corporation International had a return on equity of 32.84% and a net margin of 12.60%.The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the business earned $0.79 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. Service Corporation International has set its FY 2025 guidance at 3.700-4.00 EPS. Research analysts predict that Service Corporation International will post 3.84 EPS for the current year.

Service Corporation International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a $0.32 dividend. The ex-dividend date was Monday, September 15th. This represents a $1.28 dividend on an annualized basis and a yield of 1.6%. Service Corporation International’s dividend payout ratio (DPR) is presently 34.69%.

About Service Corporation International

Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery segments. The Funeral segment offers services related to cremations, including the use of home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, memorialization, and catering.