The Vanguard Group, Inc. 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 3.05% to 16.83 million shares with purchase of 0.5 million shares. This fresh investment now brings its stake to 9.45% valued currently at $654.51 million. In addition, Select Equity Group LP raised its holdings by 2.87 million to 8.14 million shares. And SSgA Funds Management, Inc. has lifted its position by 2.84% or 0.13 million shares – to 4.54 million shares.
With over 0.9 million Service Corporation International (SCI) shares trading Friday and a closing price of $38.69 on the day, the dollar volume was approximately $34.79 million. The shares have shown a positive weekly performance of 3.45% and its price on 07/17/20 lost nearly -1.05%. Currently, there are 180.85M common shares owned by the public and among those 173.42M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 3 analysts who have offered their price forecasts for SCI have a consensus price objective of $45.17. The analysts have set the share’s price value over the next 12 months at a high of $47.50 and a low of $43.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Service Corporation International stock is 1.70 for the next 12 months. The average price target is 14.35% above its last price level and an upside to the estimated low will see the stock gain 10.02% over that period. But an upside of 18.55% will see the stock hit the forecast high price target while mean target price for the stock is $45.00.
Insiders at the company have transacted a total of 76 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 39 of these insider trades were purchases, accounting for 1,267,665 shares. Insider sales of the common stock occurred on 37 occasions, with total insider shares sold totaling 1,227,226 shares.
The top 3 mutual fund holders in Service Corporation International are Vanguard Total Stock Market Index, iShares Core S&P Mid Cap ETF, and Vanguard Small Cap Index Fund. Vanguard Total Stock Market Index owns 4.82 million shares of the company’s stock, all valued at over $187.28 million. The company sold -0.19 million shares recently to bring their total holdings to about 2.70% of the shares outstanding. Vanguard Small Cap Index Fund sold -0.26 million shares to bring its total holdings to over 4.24 million shares at a value of $164.85 million. Vanguard Small Cap Index Fund now owns shares totaling to 2.38% of the shares outstanding.
Shares of Service Corporation International (NYSE: SCI) opened at $39.33, up $0.23 from a prior closing price of $39.10. However, the script later closed the day at $38.69, down -1.05%. The company’s stock has a 5-day price change of 3.45% and -2.27% over the past three months. SCI shares are trading -15.95% year to date (YTD), with the 12-month market performance down to -18.31% lower. It has a 12-month low price of $33.93 and touched a high of $52.89 over the same period. Currently, 0.9 million shares have been traded, compared to an average intraday trading volume of 1.26 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.15%, -0.10%, and -10.15% respectively.
Institutional ownership of Service Corporation International (NYSE: SCI) shares accounts for 91.70% of the company’s 180.85M shares outstanding. Mutual fund holders own 48.33%, while other institutional holders and individual stakeholders account for 5.19% and 43.53% respectively.
It has a market capitalization of $6.97B and a beta (3y monthly) value of 0.72. The stock’s trailing 12-month PE ratio is 19.24, while the earnings-per-share (ttm) stands at $2.01. The company has a PEG of 1.97 and a Quick Ratio of 0.60 with the debt-to-equity ratio at 2.07. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.27% over the week and 2.71% over the month.
Analysts forecast that Service Corporation International (SCI) will achieve an EPS of $0.24 for the current quarter, $0.28 for the next quarter and $2.01 for 2021. The lowest estimate earnings-per-share for the quarter is $0.2 while analysts give the company a high EPS estimate of $0.27. Comparatively, EPS for the current quarter was $0.47 a year ago. Earnings per share for the fiscal year are expected to decrease by -13.60%, and 34.38% over the next financial year. EPS should shrink at an annualized rate of 9.75% over the next five years, compared to 20.20% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 3 brokerage firm advisors rate Service Corporation International (SCI) as a “Strong Buy” at a consensus score of 1.70. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 0 of the 3 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the SCI, a number of firms have released research notes about the stock. Raymond James stated their Outperform rating for the stock in a research note on February 20, 2019, with the firm’s price target at. BofA/Merrill coverage for the Service Corporation International (SCI) stock in a research note released on September 30, 2016 offered a Buy rating with a price target of $32. Wells Fargo was of a view on August 02, 2016 that the stock is Market Perform, while Credit Suisse gave the stock Outperform rating on April 28, 2016, issuing a price target of. Credit Suisse on their part issued Neutral rating on March 16, 2016.