BI Asset Management Fondsmaeglerselskab A S Sells 75,495 Shares of Service Corporation International $SCI

BI Asset Management Fondsmaeglerselskab A S lowered its stake in shares of Service Corporation International (NYSE:SCI) by 21.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 280,821 shares of the company’s stock after selling 75,495 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Service Corporation International were worth $23,171,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sunbelt Securities Inc. acquired a new stake in shares of Service Corporation International in the 3rd quarter valued at about $42,000. V Square Quantitative Management LLC acquired a new position in Service Corporation International during the 4th quarter worth approximately $46,000. Los Angeles Capital Management LLC acquired a new position in Service Corporation International during the 4th quarter worth approximately $54,000. Aventura Private Wealth LLC bought a new position in Service Corporation International in the fourth quarter worth approximately $66,000. Finally, Danske Bank A S bought a new position in Service Corporation International in the third quarter worth approximately $83,000. Institutional investors own 85.53% of the company’s stock.

Service Corporation International Price Performance

SCI stock opened at $72.69 on Friday. 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 50-day simple moving average of $78.04 and a two-hundred day simple moving average of $79.44. The company has a market capitalization of $10.03 billion, a P/E ratio of 19.18, a price-to-earnings-growth ratio of 1.63 and a beta of 0.84. Service Corporation International has a 52-week low of $68.41 and a 52-week high of $88.67.

Service Corporation International (NYSE:SCI) last issued its quarterly earnings data 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 company had revenue of $544.80 million during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the company earned $0.96 earnings per share. The business’s revenue for the quarter 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. 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. Investors of record on Monday, June 15th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Monday, June 15th. This is an increase from Service Corporation International’s previous quarterly dividend of $0.34. Service Corporation International’s payout ratio is currently 37.99%.

Wall Street Analysts Forecast Growth

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

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.