BlackRock Fund Advisors recently announced the acquisition of new stake in Service Corporation International (NYSE:SCI). The institutional investor has increased its shareholding in the Consumer Cyclical company by 0.52% to 12.41 million shares with purchase of 64342.0 shares. This fresh investment now brings its stake to 8.11% valued currently at $870.78 million. In addition, Select Equity Group LP raised its holdings by 0.91 million to 8.38 million shares. And FIL Investment Advisors has lifted its position by 5.56% or 0.14 million shares – to 2.74 million shares.
With over 1.5 million Service Corporation International (SCI) shares trading Tuesday and a closing price of $63.87 on the day, the dollar volume was approximately $95.76 million. The shares have shown a negative half year performance of -9.19% and its price on 05/23/23 lost nearly -1.50%. Currently, there are 153.12M common shares owned by the public and among those 149.23M shares have been available to trade.
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Insiders at the company have transacted a total of 91 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 47 of these insider trades were purchases, accounting for 854,547 shares. Insider sales of the common stock occurred on 44 occasions, with total insider shares sold totaling 845,201 shares.
The top 3 mutual fund holders in Service Corporation International are iShares Core S&P Mid Cap ETF, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund. iShares Core S&P Mid Cap ETF owns 4.8 million shares of the company’s stock, all valued at over $336.88 million. The company bought an additional 17147.0 shares recently to bring their total holdings to about 3.14% of the shares outstanding. Vanguard Total Stock Market ETF bought 14571.0 shares to see its total holdings expand to 4.51 million shares valued at over $316.29 million and representing 2.94% of the shares outstanding. Vanguard Small Cap Index Fund sold 3344.0 shares to bring its total holdings to over 3.8 million shares at a value of $267.04 million. Vanguard Small Cap Index Fund now owns shares totaling to 2.49% of the shares outstanding.
Shares of Service Corporation International (NYSE: SCI) opened at $64.59, down -$0.25 from a prior closing price of $64.84. However, the script later moved the day high at 64.59, down -1.50%. The company’s stock has a 5-day price change of -1.72% and -9.35% over the past three months. SCI shares are trading -7.62% year to date (YTD), with the 12-month market performance down to -7.11% lower. It has a 12-month low price of $56.85 and touched a high of $75.11 over the same period. SCI has an average intraday trading volume of 950.28K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.53%, -5.72%, and -4.61% respectively.
Institutional ownership of Service Corporation International (NYSE: SCI) shares accounts for 89.20% of the company’s 153.12M shares outstanding. Mutual fund holders own 48.30%, while other institutional holders and individual stakeholders account for 6.03% and 39.34% respectively.
It has a market capitalization of $9.65B and a beta (3y monthly) value of 0.80. The stock’s trailing 12-month PE ratio is 20.57, while the earnings-per-share (ttm) stands at $3.10. The company has a PEG of 1.71 and a Quick Ratio of 0.40 with the debt-to-equity ratio at 2.71. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.51% over the week and 1.93% over the month.
Analysts forecast that Service Corporation International (SCI) will achieve an EPS of $0.82 for the current quarter, $0.77 for the next quarter and $3.86 for 2024. The lowest estimate earnings-per-share for the quarter is $0.78 while analysts give the company a high EPS estimate of $0.9. Comparatively, EPS for the current quarter was $0.84 a year ago. Earnings per share for the fiscal year are expected to decrease by -25.20%, and 9.25% over the next financial year. EPS should grow at an annualized rate of 12.00% over the next five years, compared to 11.10% over the past 5-year period.
