Whipplewood Advisors LLC Increases Holdings in Service Corporation International $SCI

Whipplewood Advisors LLC boosted its stake in Service Corporation International (NYSE:SCI) by 60.1% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 743 shares of the company’s stock after buying an additional 279 shares during the quarter. Whipplewood Advisors LLC’s holdings in Service Corporation International were worth $60,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Proficio Capital Partners LLC lifted its stake in Service Corporation International by 3.6% in the 1st quarter. Proficio Capital Partners LLC now owns 3,859 shares of the company’s stock valued at $309,000 after buying an additional 135 shares in the last quarter. Avantax Advisory Services Inc. lifted its stake in Service Corporation International by 3.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 5,301 shares of the company’s stock valued at $425,000 after buying an additional 174 shares in the last quarter. US Bancorp DE lifted its stake in Service Corporation International by 4.4% in the 1st quarter. US Bancorp DE now owns 5,167 shares of the company’s stock valued at $414,000 after buying an additional 217 shares in the last quarter. Assetmark Inc. lifted its stake in Service Corporation International by 225.9% in the 1st quarter. Assetmark Inc. now owns 352 shares of the company’s stock valued at $28,000 after buying an additional 244 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in Service Corporation International by 10.2% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,841 shares of the company’s stock valued at $228,000 after buying an additional 263 shares in the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Insider Buying and Selling

In related news, CEO Thomas L. Ryan sold 17,520 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $81.91, for a total value of $1,435,063.20. Following the completion of the sale, the chief executive officer directly owned 982,333 shares in the company, valued at approximately $80,462,896.03. This represents a 1.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ellen Ochoa sold 2,514 shares of the stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $79.41, for a total value of $199,636.74. The disclosure for this sale can be found here. Insiders have sold a total of 252,082 shares of company stock valued at $20,117,233 in the last 90 days. 4.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Oppenheimer upped their target price 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. UBS Group boosted their price target on Service Corporation International from $88.00 to $95.00 and gave the company a “buy” rating in a report on Monday, October 13th. 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. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Service Corporation International in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $92.00.

Service Corporation International Trading Up 0.6%

SCI stock opened at $82.14 on Tuesday. The company has a market cap of $11.52 billion, a price-to-earnings ratio of 22.26, a PEG ratio of 1.97 and a beta of 0.89. The company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 3.19. The business has a fifty day simple moving average of $80.92 and a 200-day simple moving average of $79.41. Service Corporation International has a 52 week low of $71.75 and a 52 week high of $89.37.

Service Corporation International (NYSE:SCI) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.04. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. Service Corporation International had a return on equity of 32.84% and a net margin of 12.60%.The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.79 EPS. Service Corporation International has set its FY 2025 guidance at 3.700-4.00 EPS. On average, equities research analysts expect that Service Corporation International will post 3.84 EPS for the current year.

Service Corporation International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.6%. The ex-dividend date was Monday, September 15th. Service Corporation International’s dividend payout ratio is currently 34.69%.

Service Corporation International Profile

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.