Service Corporation International (NYSE:SCI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Service Corporation International (NYSE:SCI) from a sell rating to a hold rating in a report published on Sunday,Wall Street Zen reports.

Several other research analysts also recently issued reports on the stock. Weiss Ratings upgraded shares of Service Corporation International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, September 14th. UBS Group raised their price objective on shares of Service Corporation International from $93.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $100.67.

Service Corporation International Trading Up 0.7%

SCI stock opened at $78.13 on Friday. The business has a fifty day moving average price of $82.11 and a 200 day moving average price of $79.72. The company has a debt-to-equity ratio of 3.32, a current ratio of 0.53 and a quick ratio of 0.49. Service Corporation International has a fifty-two week low of $68.41 and a fifty-two week high of $90.99. The stock has a market capitalization of $10.65 billion, a price-to-earnings ratio of 20.40, a P/E/G ratio of 1.72 and a beta of 0.80.

Service Corporation International (NYSE:SCI) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.90 EPS for the quarter, topping 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 company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the firm earned $0.88 earnings per share. 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. Analysts expect that Service Corporation International will post 4.18 EPS for the current fiscal year.

Service Corporation International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Tuesday, September 15th. Service Corporation International’s dividend payout ratio (DPR) is presently 37.60%.

Insiders Place Their Bets

In other Service Corporation International news, CEO Thomas Ryan sold 253,391 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $85.25, for a total transaction of $21,601,582.75. Following the transaction, the chief executive officer directly owned 1,006,212 shares in the company, valued at approximately $85,779,573. This represents a 20.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On Service Corporation International

Several institutional investors have recently modified their holdings of the business. Root Financial Partners LLC boosted its position in shares of Service Corporation International by 35.7% in the 1st quarter. Root Financial Partners LLC now owns 612 shares of the company’s stock worth $50,000 after purchasing an additional 161 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Service Corporation International by 33.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the company’s stock valued at $260,000 after purchasing an additional 844 shares during the last quarter. Atlas Capital Advisors Inc. bought a new stake in Service Corporation International in the fourth quarter valued at about $332,000. Fifth Third Wealth Advisors LLC lifted its stake in 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 valued at $402,000 after buying an additional 210 shares during the period. Finally, Advisors Preferred LLC lifted its stake in Service Corporation International by 81.0% in the first quarter. Advisors Preferred LLC now owns 6,579 shares of the company’s stock valued at $543,000 after buying an additional 2,945 shares during the period. Institutional investors and hedge funds own 85.53% of the company’s stock.

About Service Corporation International

Service Corporation International (NYSE:SCI) is a provider of funeral, cremation and cemetery services in North America. The company operates funeral homes, cemeteries and crematoria, serving families through arrangements for traditional funerals, memorial services, cremations and related end-of-life needs.

SCI offers funeral and cemetery merchandise, burial and cremation property, memorialization products and other services. It also provides preneed arrangements, allowing customers to plan and fund funeral or cemetery services in advance.