Pacer Advisors Inc. Decreases Stake in Service Corporation International $SCI

Pacer Advisors Inc. cut its holdings in shares of Service Corporation International (NYSE:SCI) by 95.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,532 shares of the company’s stock after selling 370,237 shares during the period. Pacer Advisors Inc.’s holdings in Service Corporation International were worth $1,364,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC increased its stake in shares of Service Corporation International by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 3,451,153 shares of the company’s stock worth $269,128,000 after buying an additional 16,541 shares during the last quarter. Turtle Creek Asset Management Inc. lifted its position in shares of Service Corporation International by 12.0% during the first quarter. Turtle Creek Asset Management Inc. now owns 1,161,496 shares of the company’s stock worth $95,835,000 after purchasing an additional 124,151 shares during the last quarter. Aureus Asset Management LLC acquired a new position in Service Corporation International in the fourth quarter worth about $2,948,000. Brighton Jones LLC bought a new stake in Service Corporation International in the fourth quarter valued at about $435,000. Finally, California State Teachers Retirement System lifted its holdings in Service Corporation International by 18.3% during the 1st quarter. California State Teachers Retirement System now owns 164,939 shares of the company’s stock worth $13,609,000 after buying an additional 25,524 shares during the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Service Corporation International Trading Up 0.0%

Service Corporation International stock opened at $85.00 on Friday. The firm has a 50-day moving average price of $77.43 and a two-hundred day moving average price of $79.68. Service Corporation International has a 52-week low of $68.41 and a 52-week high of $90.99. The firm has a market capitalization of $11.58 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 1.89 and a beta of 0.81. The company has a quick ratio of 0.49, a current ratio of 0.53 and a debt-to-equity ratio of 3.32.

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

Service Corporation International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Tuesday, September 15th. Service Corporation International’s dividend payout ratio (DPR) is presently 37.60%.

Insider Activity at Service Corporation International

In other news, CEO Thomas L. Ryan sold 253,391 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $85.25, for a total value of $21,601,582.75. Following the transaction, the chief executive officer owned 1,006,212 shares in the company, valued at $85,779,573. This represents a 20.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.40% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SCI. JPMorgan Chase & Co. decreased their target price 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 lifted their price objective on shares of Service Corporation International from $93.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Wall Street Zen upgraded shares of Service Corporation International from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Weiss Ratings downgraded shares of Service Corporation International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, June 3rd. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $100.67.

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.