Geode Capital Management LLC Purchases 16,541 Shares of Service Corporation International $SCI

Geode Capital Management LLC boosted its position in shares of Service Corporation International (NYSE:SCI) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,451,153 shares of the company’s stock after purchasing an additional 16,541 shares during the period. Geode Capital Management LLC’s holdings in Service Corporation International were worth $269,128,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. bought a new position in Service Corporation International during the 3rd quarter valued at about $42,000. Sentry Investment Management LLC bought a new position in Service Corporation International during the 3rd quarter valued at about $46,000. V Square Quantitative Management LLC bought a new position in Service Corporation International during the 4th quarter valued at about $46,000. Aventura Private Wealth LLC bought a new position in Service Corporation International during the 4th quarter valued at about $66,000. Finally, Danske Bank A S bought a new position in Service Corporation International during the 3rd quarter valued at about $83,000. 85.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SCI has been the topic of several analyst reports. Weiss Ratings downgraded shares of Service Corporation International from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 8th. UBS Group dropped their target price on shares of Service Corporation International from $95.00 to $93.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Oppenheimer upped their target price on shares of Service Corporation International from $94.00 to $97.00 and gave the stock an “outperform” rating in a research note on Thursday, April 2nd. Wall Street Zen downgraded shares of Service Corporation International from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Finally, JPMorgan Chase & Co. dropped their target price on shares of Service Corporation International from $110.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Service Corporation International has an average rating of “Buy” and a consensus price target of $95.00.

Service Corporation International Price Performance

Shares of SCI stock opened at $73.09 on Tuesday. The company has a debt-to-equity ratio of 3.22, a current ratio of 0.57 and a quick ratio of 0.52. The company’s 50-day simple moving average is $80.52 and its two-hundred day simple moving average is $80.12. Service Corporation International has a one year low of $73.04 and a one year high of $88.67. The company has a market capitalization of $10.08 billion, a P/E ratio of 19.29, a P/E/G ratio of 1.69 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.03). The business had revenue of $544.80 million for the quarter, compared to analysts’ expectations of $1.09 billion. Service Corporation International had a net margin of 12.36% and a return on equity of 34.30%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.96 earnings per share. Service Corporation International has set its FY 2026 guidance at 4.050-4.350 EPS. As a group, equities analysts anticipate that Service Corporation International will post 4.14 EPS for the current year.

Service Corporation International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, June 15th. This is a positive change from Service Corporation International’s previous quarterly dividend of $0.34. This represents a $1.44 annualized dividend and a yield of 2.0%. Service Corporation International’s dividend payout ratio is 37.99%.

Insider Transactions at Service Corporation International

In related news, Director Tony Coelho sold 7,700 shares of Service Corporation International 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 transaction, the director directly owned 28,388 shares of the company’s stock, valued at $2,267,349.56. This trade represents a 21.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 3.40% of the stock is currently owned by insiders.

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.