Mitsubishi UFJ Trust & Banking Corp Has $43.43 Million Position in Service Corporation International $SCI

Mitsubishi UFJ Trust & Banking Corp cut its holdings in shares of Service Corporation International (NYSE:SCI) by 17.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 521,901 shares of the company’s stock after selling 113,673 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.37% of Service Corporation International worth $43,433,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SCI. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Service Corporation International in the third quarter valued at about $33,000. V Square Quantitative Management LLC acquired a new position in Service Corporation International during the second quarter valued at approximately $34,000. Quent Capital LLC bought a new position in Service Corporation International in the third quarter valued at approximately $34,000. Root Financial Partners LLC bought a new position in Service Corporation International in the third quarter valued at approximately $34,000. Finally, Whipplewood Advisors LLC increased its position in shares of Service Corporation International by 60.1% during the 2nd quarter. Whipplewood Advisors LLC now owns 743 shares of the company’s stock worth $60,000 after purchasing an additional 279 shares during the last quarter. Institutional investors own 85.53% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SCI shares. JPMorgan Chase & Co. began coverage on Service Corporation International in a report on Tuesday, January 20th. They issued an “overweight” rating and a $110.00 price objective for the company. UBS Group upped their price target on shares of Service Corporation International from $88.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Finally, Weiss Ratings cut shares of Service Corporation International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $96.50.

Insider Transactions at Service Corporation International

In other Service Corporation International news, VP Elisabeth G. Nash sold 42,400 shares of the stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $76.32, for a total value of $3,235,968.00. Following the transaction, the vice president directly owned 110,006 shares of the company’s stock, valued at $8,395,657.92. This represents a 27.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Sumner J. Waring III sold 30,300 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $83.14, for a total transaction of $2,519,142.00. Following the sale, the president owned 295,192 shares of the company’s stock, valued at $24,542,262.88. This trade represents a 9.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 4.40% of the stock is currently owned by corporate insiders.

Service Corporation International Stock Up 0.2%

SCI opened at $81.17 on Monday. Service Corporation International has a 1-year low of $71.75 and a 1-year high of $85.00. The stock’s fifty day simple moving average is $78.99 and its 200 day simple moving average is $79.85. The company has a current ratio of 0.56, a quick ratio of 0.52 and a debt-to-equity ratio of 3.17. The stock has a market cap of $11.38 billion, a PE ratio of 21.88, a price-to-earnings-growth ratio of 1.78 and a beta of 0.99.

Service Corporation International (NYSE:SCI) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. Service Corporation International had a net margin of 12.46% and a return on equity of 33.60%. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the business posted $0.79 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. Service Corporation International has set its FY 2025 guidance at 3.800-3.90 EPS. As a group, research analysts expect that Service Corporation International will post 3.84 earnings per share for the current year.

Service Corporation International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were paid a $0.32 dividend. The ex-dividend date was Monday, December 15th. This represents a $1.28 dividend on an annualized basis and a yield of 1.6%. Service Corporation International’s dividend payout ratio is 36.66%.

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.