Service Corporation International (NYSE:SCI) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. raised its position in Service Corporation International (NYSE:SCI) by 2.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 503,583 shares of the company’s stock after acquiring an additional 12,257 shares during the period. Federated Hermes Inc.’s holdings in Service Corporation International were worth $40,387,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. boosted its stake in Service Corporation International by 5.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 8,952,636 shares of the company’s stock valued at $714,600,000 after acquiring an additional 492,822 shares in the last quarter. FMR LLC lifted its stake in shares of Service Corporation International by 70.2% during the fourth quarter. FMR LLC now owns 6,901,982 shares of the company’s stock worth $550,916,000 after buying an additional 2,846,159 shares during the period. Geode Capital Management LLC lifted its stake in shares of Service Corporation International by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 3,239,331 shares of the company’s stock worth $258,624,000 after buying an additional 27,429 shares during the period. Northern Trust Corp lifted its stake in shares of Service Corporation International by 24.9% during the fourth quarter. Northern Trust Corp now owns 1,650,384 shares of the company’s stock worth $131,734,000 after buying an additional 328,686 shares during the period. Finally, Norges Bank acquired a new stake in shares of Service Corporation International during the fourth quarter worth $96,498,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Service Corporation International

In related news, Director Tony Coelho sold 5,400 shares of the business’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $75.94, for a total transaction of $410,076.00. Following the completion of the transaction, the director directly owned 43,938 shares in the company, valued at $3,336,651.72. The trade was a 10.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.40% of the stock is owned by corporate insiders.

Service Corporation International Trading Down 0.6%

NYSE SCI opened at $75.67 on Thursday. The company has a market capitalization of $10.77 billion, a PE ratio of 20.79, a P/E/G ratio of 1.88 and a beta of 0.92. The company has a fifty day moving average of $79.00 and a 200 day moving average of $78.46. Service Corporation International has a 1 year low of $70.46 and a 1 year high of $89.37. The company has a debt-to-equity ratio of 2.87, a current ratio of 0.51 and a quick ratio of 0.46.

Service Corporation International (NYSE:SCI) last posted its earnings results on Wednesday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. Service Corporation International had a net margin of 12.58% and a return on equity of 32.35%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.79 earnings per share. Research analysts forecast that Service Corporation International will post 3.84 earnings per share for the current year.

Service Corporation International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.28 dividend on an annualized basis and a yield of 1.69%. Service Corporation International’s dividend payout ratio is presently 35.16%.

Analyst Upgrades and Downgrades

SCI has been the subject of several research reports. Wall Street Zen upgraded shares of Service Corporation International from a “sell” rating to a “hold” rating in a research note on Thursday, April 3rd. UBS Group lowered their price objective on shares of Service Corporation International from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Service Corporation International presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.25.

Service Corporation International Profile

Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery segments. The Funeral segment offers services related to cremations, including the use of home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, memorialization, and catering.