Clearbridge Investments LLC Sells 11,038 Shares of Service Corporation International $SCI

Clearbridge Investments LLC lessened its position in shares of Service Corporation International (NYSE:SCI) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 292,024 shares of the company’s stock after selling 11,038 shares during the period. Clearbridge Investments LLC owned approximately 0.21% of Service Corporation International worth $22,769,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SCI. BDF Gestion bought a new stake in shares of Service Corporation International in the fourth quarter valued at approximately $2,339,000. Geode Capital Management LLC boosted its stake in shares of Service Corporation International by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 3,451,153 shares of the company’s stock valued at $269,128,000 after buying an additional 16,541 shares during the period. 8 Knots Management LLC bought a new stake in shares of Service Corporation International in the third quarter valued at approximately $6,996,000. Strive Asset Management LLC bought a new stake in shares of Service Corporation International in the third quarter valued at approximately $832,000. Finally, Brighton Jones LLC bought a new stake in shares of Service Corporation International in the fourth quarter valued at approximately $435,000. Institutional investors own 85.53% of the company’s stock.

Service Corporation International Price Performance

SCI stock opened at $71.74 on Wednesday. The stock has a market capitalization of $9.90 billion, a PE ratio of 18.93, a price-to-earnings-growth ratio of 1.60 and a beta of 0.84. The company’s 50-day moving average is $79.53 and its 200-day moving average is $79.73. The company has a debt-to-equity ratio of 3.22, a current ratio of 0.57 and a quick ratio of 0.52. Service Corporation International has a 1 year low of $68.41 and a 1 year high of $88.67.

Service Corporation International (NYSE:SCI) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.97 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $1.09 billion. During the same period in the previous year, the business posted $0.96 EPS. Service Corporation International’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. Equities research analysts expect that Service Corporation International will post 4.14 EPS for the current fiscal year.

Service Corporation International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, June 15th. This is an increase from Service Corporation International’s previous quarterly dividend of $0.34. Service Corporation International’s dividend payout ratio (DPR) is 35.88%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SCI shares. Weiss Ratings cut Service Corporation International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, June 3rd. Wall Street Zen cut Service Corporation International from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Oppenheimer upped their target price 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. JPMorgan Chase & Co. cut their target price 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. Finally, UBS Group cut their target price 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. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $95.00.

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.