SG Americas Securities LLC Purchases 9,956 Shares of Service Corporation International $SCI

SG Americas Securities LLC boosted its position in shares of Service Corporation International (NYSE:SCI) by 76.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,932 shares of the company’s stock after acquiring an additional 9,956 shares during the quarter. SG Americas Securities LLC’s holdings in Service Corporation International were worth $1,892,000 at the end of the most recent reporting period.

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

Service Corporation International Trading Up 2.4%

Service Corporation International stock opened at $78.58 on Friday. The firm has a 50 day moving average of $76.74 and a 200 day moving average of $79.32. The firm has a market capitalization of $10.84 billion, a price-to-earnings ratio of 20.73, a P/E/G ratio of 1.72 and a beta of 0.84. Service Corporation International has a 12-month low of $68.41 and a 12-month high of $88.67. 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 (NYSE:SCI) last issued 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). The firm had revenue of $544.80 million for the quarter, compared to analysts’ expectations of $1.09 billion. Service Corporation International had a net margin of 12.36% and a return on equity of 34.30%. Service Corporation International’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 EPS. Service Corporation International has set its FY 2026 guidance at 4.050-4.350 EPS. As a group, research analysts predict that Service Corporation International will post 4.14 earnings per share for the current year.

Service Corporation International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a dividend of $0.36 per share. This is a positive change from Service Corporation International’s previous quarterly dividend of $0.34. The ex-dividend date was Monday, June 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.8%. Service Corporation International’s dividend payout ratio is presently 37.99%.

Analyst Upgrades and Downgrades

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