Handelsbanken Fonder AB Raises Stake in Service Corporation International $SCI

Handelsbanken Fonder AB increased its holdings in Service Corporation International (NYSE:SCI) by 3.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 881,985 shares of the company’s stock after buying an additional 32,137 shares during the period. Handelsbanken Fonder AB’s holdings in Service Corporation International were worth $66,996,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC lifted its stake in Service Corporation International by 35.7% during the 1st quarter. Root Financial Partners LLC now owns 612 shares of the company’s stock valued at $50,000 after acquiring an additional 161 shares during the period. Fifth Third Wealth Advisors LLC increased its stake in shares of Service Corporation International by 4.5% in the first quarter. Fifth Third Wealth Advisors LLC now owns 4,872 shares of the company’s stock worth $402,000 after acquiring an additional 210 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Service Corporation International by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 43,521 shares of the company’s stock worth $3,622,000 after acquiring an additional 270 shares during the period. Focus Partners Wealth increased its stake in shares of Service Corporation International by 3.1% in the first quarter. Focus Partners Wealth now owns 10,571 shares of the company’s stock worth $848,000 after acquiring an additional 321 shares during the period. Finally, Sunbelt Securities Inc. purchased a new position in shares of Service Corporation International during the third quarter worth $42,000. 85.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SCI has been the subject of a number of research reports. Weiss Ratings downgraded shares of Service Corporation International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. cut their price target on Service Corporation International from $110.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. UBS Group lifted their price objective on Service Corporation International from $93.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, Wall Street Zen raised Service Corporation International from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Service Corporation International currently has a consensus rating of “Moderate Buy” and an average target price of $100.67.

Insider Transactions at Service Corporation International

In other news, CEO Thomas L. Ryan sold 253,391 shares of Service Corporation International stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $85.25, for a total value of $21,601,582.75. Following the sale, the chief executive officer owned 1,006,212 shares in the company, valued at $85,779,573. This trade represents a 20.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.40% of the stock is currently owned by insiders.

Service Corporation International Stock Down 2.1%

Service Corporation International stock opened at $83.26 on Tuesday. The company has a debt-to-equity ratio of 3.32, a current ratio of 0.53 and a quick ratio of 0.49. The stock has a market capitalization of $11.35 billion, a PE ratio of 21.74, a price-to-earnings-growth ratio of 1.89 and a beta of 0.81. The business has a 50 day simple moving average of $77.63 and a 200-day simple moving average of $79.67. Service Corporation International has a 12 month low of $68.41 and a 12 month high of $90.99.

Service Corporation International (NYSE:SCI) last announced its earnings results on Wednesday, July 29th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. Service Corporation International had a return on equity of 34.38% and a net margin of 12.30%.The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the firm posted $0.88 EPS. The business’s revenue was up 3.6% on a year-over-year basis. Service Corporation International has set its FY 2026 guidance at 4.100-4.300 EPS. On average, analysts anticipate that Service Corporation International will post 4.18 EPS for the current fiscal year.

Service Corporation International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Service Corporation International’s dividend payout ratio (DPR) is presently 37.60%.

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.