Horizon Investments LLC Reduces Holdings in Service Corporation International $SCI

Horizon Investments LLC decreased its position in Service Corporation International (NYSE:SCI) by 89.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,489 shares of the company’s stock after selling 21,175 shares during the period. Horizon Investments LLC’s holdings in Service Corporation International were worth $194,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. CX Institutional grew its stake in shares of Service Corporation International by 1.3% in the 3rd quarter. CX Institutional now owns 10,153 shares of the company’s stock valued at $845,000 after buying an additional 134 shares during the period. KLP Kapitalforvaltning AS grew its stake in shares of Service Corporation International by 0.7% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 29,900 shares of the company’s stock valued at $2,488,000 after buying an additional 200 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of Service Corporation International by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 43,521 shares of the company’s stock valued at $3,622,000 after buying an additional 270 shares during the period. Focus Partners Wealth grew its stake in shares of Service Corporation International by 3.1% in the 1st quarter. Focus Partners Wealth now owns 10,571 shares of the company’s stock valued at $848,000 after buying an additional 321 shares during the period. Finally, Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Service Corporation International in the 3rd quarter valued at approximately $33,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Weiss Ratings raised shares of Service Corporation International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, April 24th. Oppenheimer increased their price target on shares of Service Corporation International from $94.00 to $97.00 and gave the company an “outperform” rating in a research note on Thursday, April 2nd. JPMorgan Chase & Co. decreased their price objective on shares of Service Corporation International from $110.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. Wall Street Zen lowered shares of Service Corporation International from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Finally, UBS Group decreased their price objective on shares of Service Corporation International from $95.00 to $93.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Five analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $95.00.

Insider Activity at Service Corporation International

In other Service Corporation International news, Director Tony Coelho sold 7,700 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $79.87, for a total transaction of $614,999.00. Following the sale, the director directly owned 28,388 shares in the company, valued at $2,267,349.56. This represents a 21.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Tammy R. Moore sold 5,000 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $80.48, for a total transaction of $402,400.00. Following the sale, the chief accounting officer owned 21,654 shares in the company, valued at approximately $1,742,713.92. This trade represents a 18.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 3.40% of the company’s stock.

Service Corporation International Stock Performance

Shares of SCI stock opened at $77.71 on Friday. The firm’s 50 day moving average price is $81.80 and its 200-day moving average price is $80.65. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.52 and a current ratio of 0.57. Service Corporation International has a one year low of $74.31 and a one year high of $88.67. The firm has a market cap of $10.72 billion, a P/E ratio of 20.50, a P/E/G ratio of 1.74 and a beta of 0.88.

Service Corporation International (NYSE:SCI) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.97 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $1.09 billion. During the same quarter in the prior year, the company posted $0.96 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. Service Corporation International has set its FY 2026 guidance at 4.050-4.350 EPS. As a group, equities research analysts predict that Service Corporation International will post 4.14 EPS for the current year.

Service Corporation International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.36 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.44 annualized dividend and a dividend yield of 1.9%. This is an increase from Service Corporation International’s previous quarterly dividend of $0.34. Service Corporation International’s dividend payout ratio (DPR) 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.