Service Corporation International $SCI Stake Lowered by Boston Trust Walden Corp

Boston Trust Walden Corp decreased its stake in Service Corporation International (NYSE:SCI) by 2.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 602,753 shares of the company’s stock after selling 14,938 shares during the period. Boston Trust Walden Corp’s holdings in Service Corporation International were worth $49,733,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SCI. Sunbelt Securities Inc. bought a new position in Service Corporation International during the 3rd quarter worth $42,000. V Square Quantitative Management LLC bought a new stake in Service Corporation International in the fourth quarter valued at $46,000. Root Financial Partners LLC boosted its holdings in shares of Service Corporation International by 35.7% during the first quarter. Root Financial Partners LLC now owns 612 shares of the company’s stock valued at $50,000 after acquiring an additional 161 shares during the period. Los Angeles Capital Management LLC bought a new position in shares of Service Corporation International during the fourth quarter worth about $54,000. Finally, Aventura Private Wealth LLC bought a new position in shares of Service Corporation International during the fourth quarter worth about $66,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Service Corporation International Stock Up 2.4%

Service Corporation International stock opened at $78.58 on Friday. Service Corporation International has a 52 week low of $68.41 and a 52 week high of $88.67. The stock has a market cap of $10.84 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 1.72 and a beta of 0.84. The company’s 50-day moving average price is $76.74 and its two-hundred day moving average price is $79.32. 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 analysts’ consensus estimates of $1.00 by ($0.03). The company had revenue of $544.80 million during the quarter, compared to analyst estimates of $1.09 billion. Service Corporation International had a return on equity of 34.30% and a net margin of 12.36%.The company’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 earnings per share. Service Corporation International has set its FY 2026 guidance at 4.050-4.350 EPS. On average, analysts expect that Service Corporation International will post 4.14 EPS for the current fiscal year.

Service Corporation International Increases Dividend

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

Wall Street Analyst Weigh In

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