Boston Trust Walden Corp Reduces Stock Holdings in Service Corporation International $SCI

Boston Trust Walden Corp lessened its stake in Service Corporation International (NYSE:SCI) by 2.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 602,753 shares of the company’s stock after selling 14,938 shares during the quarter. Boston Trust Walden Corp owned about 0.43% of Service Corporation International worth $49,733,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SCI. BDF Gestion purchased a new stake in Service Corporation International during the 4th quarter worth $2,339,000. Geode Capital Management LLC grew its stake in shares of 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 acquiring an additional 16,541 shares in the last quarter. 8 Knots Management LLC purchased a new stake in shares of Service Corporation International during the third quarter worth about $6,996,000. Brighton Jones LLC purchased a new stake in shares of Service Corporation International during the fourth quarter worth about $435,000. Finally, Aureus Asset Management LLC acquired a new position in shares of Service Corporation International in the fourth quarter worth about $2,948,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on SCI. Oppenheimer raised their price objective on Service Corporation International from $94.00 to $97.00 and gave the company an “outperform” rating in a research note on Thursday, April 2nd. JPMorgan Chase & Co. reduced 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. Wall Street Zen lowered shares of Service Corporation International from a “hold” rating to a “sell” rating in a research note on Sunday, June 28th. Weiss Ratings cut shares of Service Corporation International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, June 3rd. Finally, UBS Group reduced 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 research note on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $95.00.

Service Corporation International Price Performance

Shares of SCI opened at $78.58 on Friday. The firm has a market cap of $10.84 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 1.72 and a beta of 0.84. The stock has a 50 day moving average of $76.74 and a 200-day moving average of $79.32. The company has a current ratio of 0.57, a quick ratio of 0.52 and a debt-to-equity ratio of 3.22. 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 posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.97 earnings per share (EPS) 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 firm had revenue of $544.80 million for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the company posted $0.96 earnings per share. The business’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. As a group, analysts forecast that Service Corporation International will post 4.14 EPS for the current year.

Service Corporation International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was 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 37.99%.

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.