Tobam Acquires 13,976 Shares of Service Corporation International $SCI

Tobam grew its holdings in Service Corporation International (NYSE:SCI) by 354.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 17,915 shares of the company’s stock after purchasing an additional 13,976 shares during the period. Tobam’s holdings in Service Corporation International were worth $1,458,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Assetmark Inc. boosted its stake in Service Corporation International by 225.9% in the first 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. V Square Quantitative Management LLC bought a new position in Service Corporation International during the 2nd quarter worth approximately $34,000. IFP Advisors Inc lifted its position in shares of Service Corporation International by 87.2% in the 1st quarter. IFP Advisors Inc now owns 700 shares of the company’s stock worth $60,000 after purchasing an additional 326 shares during the period. Whipplewood Advisors LLC increased its position in shares of Service Corporation International by 60.1% during the second quarter. Whipplewood Advisors LLC now owns 743 shares of the company’s stock worth $60,000 after buying an additional 279 shares during the period. Finally, State of Wyoming acquired a new stake in shares of Service Corporation International during the first quarter worth $63,000. 85.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SCI has been the topic of a number of research analyst reports. Oppenheimer upped their price target on shares of Service Corporation International from $86.00 to $91.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. UBS Group raised their target price on Service Corporation International from $88.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Weiss Ratings upgraded Service Corporation International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Finally, Raymond James Financial restated an “outperform” rating and set a $90.00 price target (up from $85.00) on shares of Service Corporation International in a report on Monday, August 4th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $92.00.

Insider Transactions at Service Corporation International

In other Service Corporation International news, President Sumner J. Waring III sold 30,300 shares of Service Corporation International stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $83.14, for a total value of $2,519,142.00. Following the sale, the president owned 295,192 shares of the company’s stock, valued at approximately $24,542,262.88. The trade was a 9.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ellen Ochoa sold 2,514 shares of the company’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $79.41, for a total value of $199,636.74. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 68,432 shares of company stock worth $5,634,588 in the last ninety days. Company insiders own 4.40% of the company’s stock.

Service Corporation International Stock Up 0.8%

Shares of NYSE:SCI opened at $80.79 on Wednesday. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.56 and a current ratio of 0.61. Service Corporation International has a 52-week low of $71.75 and a 52-week high of $89.37. The business’s 50 day simple moving average is $81.21 and its two-hundred day simple moving average is $79.68. The firm has a market cap of $11.33 billion, a P/E ratio of 21.78, a PEG ratio of 1.94 and a beta of 0.93.

Service Corporation International (NYSE:SCI) last issued its earnings results on Wednesday, October 29th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. Service Corporation International had a return on equity of 33.28% and a net margin of 12.46%.Service Corporation International’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.79 earnings per share. Service Corporation International has set its FY 2025 guidance at 3.800-3.90 EPS. As a group, research analysts forecast that Service Corporation International will post 3.84 EPS for the current fiscal year.

Service Corporation International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $1.28 annualized dividend and a dividend yield of 1.6%. Service Corporation International’s dividend payout ratio (DPR) is currently 36.66%.

Service Corporation International Company 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.