Magnolia Capital Advisors LLC Acquires New Stake in Service Corporation International $SCI

Magnolia Capital Advisors LLC acquired a new stake in Service Corporation International (NYSE:SCI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 17,042 shares of the company’s stock, valued at approximately $1,295,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SCI. Sunbelt Securities Inc. purchased a new stake in shares of Service Corporation International during the third quarter worth $42,000. Root Financial Partners LLC raised its position in shares of Service Corporation International by 35.7% in the first quarter. Root Financial Partners LLC now owns 612 shares of the company’s stock valued at $50,000 after buying an additional 161 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Service Corporation International in the fourth quarter worth about $54,000. Danske Bank A S purchased a new position in shares of Service Corporation International in the third quarter worth about $83,000. Finally, Toronto Dominion Bank purchased a new position in shares of Service Corporation International in the fourth quarter worth about $238,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Wall Street Analysts Forecast Growth

SCI has been the subject of a number of recent research reports. Weiss Ratings downgraded shares of Service Corporation International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, June 3rd. JPMorgan Chase & Co. dropped their price target on 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. UBS Group increased their price target on Service Corporation International from $93.00 to $105.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Wall Street Zen upgraded Service Corporation International from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Service Corporation International presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.67.

Service Corporation International Stock Performance

NYSE SCI opened at $85.25 on Thursday. The stock has a fifty day simple moving average of $80.35 and a 200-day simple moving average of $79.87. The company has a current ratio of 0.53, a quick ratio of 0.49 and a debt-to-equity ratio of 3.32. The stock has a market cap of $11.62 billion, a PE ratio of 22.26, a P/E/G ratio of 1.87 and a beta of 0.81. Service Corporation International has a twelve month low of $68.41 and a twelve month high of $90.99.

Service Corporation International (NYSE:SCI) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.01. Service Corporation International had a net margin of 12.30% and a return on equity of 34.38%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the firm earned $0.88 EPS. Service Corporation International’s revenue was up 3.6% on a year-over-year basis. Service Corporation International has set its FY 2026 guidance at 4.100-4.300 EPS. Equities analysts anticipate that Service Corporation International will post 4.18 earnings per share for the current year.

Service Corporation International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Service Corporation International’s payout ratio is 37.60%.

Insider Activity

In other news, CEO Thomas L. Ryan sold 253,391 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $85.25, for a total value of $21,601,582.75. Following the transaction, the chief executive officer directly owned 1,006,212 shares in the company, valued at approximately $85,779,573. This represents a 20.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.40% of the company’s stock.

Service Corporation International 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.