Handelsbanken Fonder AB Reduces Stock Position in Service Corporation International $SCI

Handelsbanken Fonder AB reduced its position in shares of Service Corporation International (NYSE:SCI) by 17.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 986,848 shares of the company’s stock after selling 213,000 shares during the period. Handelsbanken Fonder AB’s holdings in Service Corporation International were worth $76,945,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Root Financial Partners LLC purchased a new stake in shares of Service Corporation International during the third quarter worth about $34,000. Sunbelt Securities Inc. purchased a new stake in shares of Service Corporation International during the third quarter worth about $42,000. Sentry Investment Management LLC purchased a new stake in shares of Service Corporation International during the third quarter worth about $46,000. V Square Quantitative Management LLC purchased a new stake in shares of Service Corporation International during the fourth quarter worth about $46,000. Finally, Aventura Private Wealth LLC purchased a new stake in shares of Service Corporation International during the fourth quarter worth about $66,000. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Service Corporation International

In related news, Director Tony Coelho sold 7,700 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $79.87, for a total value of $614,999.00. Following the completion of the transaction, the director directly owned 28,388 shares of the company’s stock, valued at $2,267,349.56. This represents a 21.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Weiss Ratings lowered shares of Service Corporation International from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 8th. Wall Street Zen lowered shares of Service Corporation International from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Oppenheimer increased their target price on shares of Service Corporation International from $94.00 to $97.00 and gave the stock an “outperform” rating in a report on Thursday, April 2nd. JPMorgan Chase & Co. dropped their target price on shares of Service Corporation International from $110.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, May 1st. Finally, UBS Group dropped their target price on shares of Service Corporation International from $95.00 to $93.00 and set a “buy” rating for the company in a report on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $95.00.

Service Corporation International Price Performance

SCI stock opened at $78.92 on Tuesday. Service Corporation International has a 1 year low of $74.99 and a 1 year high of $88.67. The company has a market cap of $10.89 billion, a P/E ratio of 20.82, a PEG ratio of 1.74 and a beta of 0.88. The firm has a 50-day moving average of $81.04 and a 200 day moving average of $80.46. The company has a debt-to-equity ratio of 3.22, a current ratio of 0.57 and a quick ratio of 0.52.

Service Corporation International (NYSE:SCI) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.97 earnings per share (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 company had revenue of $544.80 million during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the company earned $0.96 earnings per share. 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. On average, sell-side analysts forecast that Service Corporation International will post 4.14 EPS for the current year.

Service Corporation International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Monday, June 15th. This is an increase from Service Corporation International’s previous quarterly dividend of $0.34. This represents a $1.44 dividend on an annualized basis and a yield of 1.8%. Service Corporation International’s payout ratio is currently 35.88%.

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.