Service Corporation International $SCI Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its stake in shares of Service Corporation International (NYSE:SCI) by 9.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,168,439 shares of the company’s stock after selling 119,177 shares during the quarter. Bank of New York Mellon Corp’s holdings in Service Corporation International were worth $91,103,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SCI. Geode Capital Management LLC lifted its position 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 during the period. Marshall Wace LLP raised its position in shares of Service Corporation International by 31.8% in the third quarter. Marshall Wace LLP now owns 549,162 shares of the company’s stock worth $45,701,000 after acquiring an additional 132,591 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of 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 purchasing an additional 136,770 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Service Corporation International by 3.0% during the third quarter. Rhumbline Advisers now owns 394,961 shares of the company’s stock worth $32,869,000 after purchasing an additional 11,484 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in shares of 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 purchasing an additional 34,051 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Weiss Ratings cut shares of Service Corporation International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, June 3rd. 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. 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, Oppenheimer increased their target price on shares of Service Corporation International from $94.00 to $97.00 and gave the stock an “outperform” rating in a report on Thursday, April 2nd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $95.00.

Service Corporation International Stock Up 2.3%

Shares of NYSE:SCI opened at $71.30 on Tuesday. Service Corporation International has a 1-year low of $68.41 and a 1-year high of $88.67. The stock has a market cap of $9.84 billion, a P/E ratio of 18.81, a P/E/G ratio of 1.56 and a beta of 0.84. 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 firm has a fifty day moving average price of $79.72 and a 200 day moving average price of $79.78.

Service Corporation International (NYSE:SCI) last released its earnings results 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 firm 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 EPS. The firm’s revenue was up 2.1% on a year-over-year basis. Service Corporation International has set its FY 2026 guidance at 4.050-4.350 EPS. Sell-side analysts predict that Service Corporation International will post 4.14 EPS for the current year.

Service Corporation International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.0%. 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 payout ratio is presently 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.