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

SG Americas Securities LLC increased its holdings in shares of Service Corporation International (NYSE:SCI) by 76.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 22,932 shares of the company’s stock after acquiring an additional 9,956 shares during the period. SG Americas Securities LLC’s holdings in Service Corporation International were worth $1,892,000 at the end of the most recent reporting period.

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

Service Corporation International Stock Up 2.4%

NYSE SCI opened at $78.58 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 company has a market capitalization of $10.84 billion, a P/E ratio of 20.73, a P/E/G ratio of 1.72 and a beta of 0.84. Service Corporation International has a one year low of $68.41 and a one year high of $88.67. The stock has a 50 day moving average price of $76.74 and a 200-day moving average price of $79.32.

Service Corporation International (NYSE:SCI) last posted its earnings results on Wednesday, April 29th. The company reported $0.97 earnings per share 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 business had revenue of $544.80 million during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the business posted $0.96 earnings per share. 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. As a group, equities analysts predict that Service Corporation International will post 4.14 EPS for the current fiscal year.

Service Corporation International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid 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 of this dividend 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 37.99%.

Analyst Upgrades and Downgrades

SCI has been the subject of a number of research reports. UBS Group dropped their target price on shares of Service Corporation International from $95.00 to $93.00 and set a “buy” rating for the company in a research report on Friday, May 1st. JPMorgan Chase & Co. reduced their price target on shares of Service Corporation International from $110.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. Wall Street Zen cut shares of Service Corporation International from a “hold” rating to a “sell” rating in a research note on Sunday, June 28th. 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. Finally, Weiss Ratings lowered Service Corporation International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, June 3rd. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Service Corporation International currently has an average 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.