Nicholas Company Inc. Has $16.38 Million Position in Service Corporation International $SCI

Nicholas Company Inc. lessened its position in Service Corporation International (NYSE:SCI) by 5.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 210,070 shares of the company’s stock after selling 11,460 shares during the quarter. Nicholas Company Inc.’s holdings in Service Corporation International were worth $16,379,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Steigerwald Gordon & Koch Inc. acquired a new position in Service Corporation International in the 3rd quarter worth about $33,000. Root Financial Partners LLC acquired a new position in Service Corporation International in the 3rd quarter worth about $34,000. Quent Capital LLC acquired a new position in Service Corporation International in the 3rd quarter worth about $34,000. Sunbelt Securities Inc. acquired a new position in Service Corporation International in the 3rd quarter worth about $42,000. Finally, Sentry Investment Management LLC acquired a new position in Service Corporation International in the 3rd quarter worth about $46,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Service Corporation International Stock Down 0.0%

Shares of Service Corporation International stock opened at $77.71 on Monday. Service Corporation International has a one year low of $74.31 and a one year high of $88.67. The company has a debt-to-equity ratio of 3.22, a current ratio of 0.57 and a quick ratio of 0.52. The stock’s 50-day moving average is $81.80 and its 200 day moving average is $80.65. The firm has a market cap of $10.72 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 1.74 and a beta of 0.88.

Service Corporation International (NYSE:SCI) last announced its earnings results 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 net margin of 12.36% and a return on equity of 34.30%. The business had revenue of $544.80 million for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company earned $0.96 EPS. The firm’s revenue for the quarter 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. Equities research analysts anticipate that Service Corporation International will post 4.14 EPS for the current year.

Service Corporation International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.36 per share. This is an increase from Service Corporation International’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.44 dividend on an annualized basis and a yield of 1.9%. Service Corporation International’s dividend payout ratio (DPR) is currently 35.88%.

Insider Buying and Selling

In related news, CAO Tammy R. Moore sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $80.48, for a total transaction of $402,400.00. Following the transaction, the chief accounting officer directly owned 21,654 shares of the company’s stock, valued at approximately $1,742,713.92. This represents a 18.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tony Coelho sold 7,700 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $79.87, for a total value of $614,999.00. Following the transaction, the director directly owned 28,388 shares in the company, valued at approximately $2,267,349.56. This trade represents a 21.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. lowered their target price on Service Corporation International from $110.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, May 1st. Weiss Ratings cut Service Corporation International from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday. UBS Group reduced their price target on Service Corporation International from $95.00 to $93.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Oppenheimer upped their price target on Service Corporation International from $94.00 to $97.00 and gave the company an “outperform” rating in a research report on Thursday, April 2nd. Finally, Wall Street Zen lowered Service Corporation International from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $95.00.

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.