Bank of New York Mellon Corp Has $94.92 Million Position in Service Corporation International $SCI

Bank of New York Mellon Corp lessened its stake in Service Corporation International (NYSE:SCI) by 1.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 1,150,461 shares of the company’s stock after selling 17,978 shares during the period. Bank of New York Mellon Corp’s holdings in Service Corporation International were worth $94,925,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in shares of Service Corporation International by 0.5% in the 4th 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. Marshall Wace LLP lifted its stake in shares of Service Corporation International by 31.8% during the third quarter. Marshall Wace LLP now owns 549,162 shares of the company’s stock valued at $45,701,000 after acquiring an additional 132,591 shares during the period. Goldman Sachs Group Inc. lifted 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 valued at $33,474,000 after acquiring an additional 136,770 shares during the period. California State Teachers Retirement System boosted its holdings in Service Corporation International by 3.2% in the fourth quarter. California State Teachers Retirement System now owns 139,415 shares of the company’s stock valued at $10,870,000 after acquiring an additional 4,310 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in Service Corporation International by 38.8% in the first quarter. Royal Bank of Canada now owns 121,883 shares of the company’s stock valued at $9,775,000 after acquiring an additional 34,051 shares during the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SCI. Wall Street Zen cut Service Corporation International from a “hold” rating to a “sell” rating in a report on Sunday, June 28th. JPMorgan Chase & Co. reduced their target price on shares of Service Corporation International from $110.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. Weiss Ratings cut shares of Service Corporation International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, June 3rd. UBS Group dropped their price target on shares of 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. Finally, Oppenheimer increased their price objective on shares of Service Corporation International from $94.00 to $97.00 and gave the company an “outperform” rating in a report on Thursday, April 2nd. Four 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 company currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.00.

Service Corporation International Stock Down 1.0%

NYSE:SCI opened at $77.95 on Tuesday. The company has a quick ratio of 0.52, a current ratio of 0.57 and a debt-to-equity ratio of 3.22. Service Corporation International has a 12-month low of $68.41 and a 12-month high of $88.67. The stock’s fifty day simple moving average is $75.70 and its 200-day simple moving average is $79.32. The firm has a market capitalization of $10.75 billion, a P/E ratio of 20.57, a P/E/G ratio of 1.77 and a beta of 0.84.

Service Corporation International (NYSE:SCI) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $544.80 million during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the company posted $0.96 EPS. The company’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. Equities research analysts expect that Service Corporation International will post 4.14 earnings per share for the current year.

Service Corporation International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend 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 dividend payout ratio is presently 37.99%.

About Service Corporation International

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.