Pacer Advisors Inc. Has $1.36 Million Stock Position in Service Corporation International $SCI

Pacer Advisors Inc. lessened its holdings in Service Corporation International (NYSE:SCI) by 95.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,532 shares of the company’s stock after selling 370,237 shares during the quarter. Pacer Advisors Inc.’s holdings in Service Corporation International were worth $1,364,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in Service Corporation International by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 3,451,153 shares of the company’s stock valued at $269,128,000 after purchasing an additional 16,541 shares in the last quarter. Turtle Creek Asset Management Inc. raised its holdings in shares of Service Corporation International by 12.0% in the 1st quarter. Turtle Creek Asset Management Inc. now owns 1,161,496 shares of the company’s stock worth $95,835,000 after buying an additional 124,151 shares in the last quarter. Aureus Asset Management LLC bought a new position in shares of Service Corporation International during the 4th quarter worth approximately $2,948,000. Brighton Jones LLC acquired a new stake in Service Corporation International in the 4th quarter valued at $435,000. Finally, California State Teachers Retirement System raised its stake in Service Corporation International by 18.3% during the first quarter. California State Teachers Retirement System now owns 164,939 shares of the company’s stock worth $13,609,000 after acquiring an additional 25,524 shares in the last quarter. 85.53% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Thomas L. Ryan sold 253,391 shares of Service Corporation International stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $85.25, for a total value of $21,601,582.75. Following the sale, the chief executive officer owned 1,006,212 shares of the company’s stock, valued at approximately $85,779,573. This trade represents a 20.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on SCI shares. Wall Street Zen upgraded shares of Service Corporation International from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. 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 research note on Friday, May 1st. UBS Group raised their price objective on shares of Service Corporation International from $93.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, Weiss Ratings downgraded Service Corporation International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, June 3rd. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $100.67.

Service Corporation International Stock Up 0.0%

NYSE:SCI opened at $85.00 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.53 and a debt-to-equity ratio of 3.32. The firm has a market capitalization of $11.58 billion, a P/E ratio of 22.19, a P/E/G ratio of 1.89 and a beta of 0.81. The stock’s fifty day simple moving average is $77.43 and its 200-day simple moving average is $79.68. Service Corporation International has a 12-month low of $68.41 and a 12-month high of $90.99.

Service Corporation International (NYSE:SCI) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. Service Corporation International had a net margin of 12.30% and a return on equity of 34.38%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the company earned $0.88 EPS. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. Service Corporation International has set its FY 2026 guidance at 4.100-4.300 EPS. Equities research analysts expect that Service Corporation International will post 4.18 earnings per share for the current year.

Service Corporation International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Service Corporation International’s dividend payout ratio is currently 37.60%.

Service Corporation International Company 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.