Resources Management Corp CT ADV Has $3.27 Million Stake in Service Corporation International $SCI

Resources Management Corp CT ADV reduced its stake in shares of Service Corporation International (NYSE:SCI) by 49.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,884 shares of the company’s stock after selling 41,364 shares during the quarter. Resources Management Corp CT ADV’s holdings in Service Corporation International were worth $3,266,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of SCI. Brighton Jones LLC acquired a new position in Service Corporation International during the fourth quarter worth $435,000. Royal Bank of Canada raised its stake in Service Corporation International by 38.8% during the first quarter. Royal Bank of Canada now owns 121,883 shares of the company’s stock worth $9,775,000 after acquiring an additional 34,051 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Service Corporation International by 48.7% during the first quarter. Goldman Sachs Group Inc. now owns 417,387 shares of the company’s stock worth $33,474,000 after acquiring an additional 136,770 shares in the last quarter. Focus Partners Wealth raised its stake in Service Corporation International by 3.1% during the first quarter. Focus Partners Wealth now owns 10,571 shares of the company’s stock worth $848,000 after acquiring an additional 321 shares in the last quarter. Finally, Baird Financial Group Inc. raised its stake in Service Corporation International by 32.6% during the second quarter. Baird Financial Group Inc. now owns 9,753 shares of the company’s stock worth $794,000 after acquiring an additional 2,398 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SCI. Oppenheimer increased their price objective on Service Corporation International from $94.00 to $97.00 and gave the stock an “outperform” rating in a research note on Thursday, April 2nd. UBS Group dropped their price objective on Service Corporation International from $95.00 to $93.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Wall Street Zen lowered Service Corporation International from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Weiss Ratings lowered Service Corporation International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, June 3rd. Finally, JPMorgan Chase & Co. dropped their price objective on Service Corporation International from $110.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $95.00.

Service Corporation International Stock Performance

Shares of NYSE:SCI opened at $76.91 on Monday. Service Corporation International has a twelve month low of $68.41 and a twelve month high of $88.67. The firm has a market cap of $10.61 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 1.73 and a beta of 0.84. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.52 and a current ratio of 0.57. The business has a fifty day moving average of $79.08 and a 200-day moving average of $79.65.

Service Corporation International (NYSE:SCI) last announced its earnings results on Wednesday, April 29th. The company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.03). Service Corporation International had a net margin of 12.36% and a return on equity of 34.30%. The business had revenue of $544.80 million during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the business posted $0.96 earnings per share. The business’s quarterly 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. On average, equities research analysts predict that Service Corporation International will post 4.14 EPS for the current fiscal year.

Service Corporation International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.9%. This is a boost from Service Corporation International’s previous quarterly dividend of $0.34. The ex-dividend date is Monday, June 15th. Service Corporation International’s dividend payout ratio is 35.88%.

About Service Corporation International

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.