Vanguard Amends SCI Stake to 18.0%, Holding 29.6M Shares

TL;DR

**Vanguard still owns a huge 18.0% of Service Corp International, showing continued confidence.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, indicating a change in its ownership stake in Service Corp International (SCI). As of December 29, 2023, Vanguard reported beneficial ownership of 29,679,566 shares of SCI's common stock, representing 18.0% of the company. This is an update to their previous filing, showing a slight adjustment in their significant passive investment in the funeral services provider. For investors, this filing confirms Vanguard's continued substantial, albeit passive, interest in SCI, suggesting a long-term belief in the company's stability and market position.

Why It Matters

This filing shows that a major institutional investor, Vanguard, continues to hold a significant portion of Service Corp International, signaling their confidence in the company's long-term prospects. For shareholders, this indicates a stable institutional backing, which can contribute to market stability.

Risk Assessment

Risk Level: low — This filing indicates a passive, significant institutional ownership, which generally reduces volatility and provides stability.

Analyst Insight

A smart investor would note Vanguard's continued substantial, passive stake as a sign of long-term institutional confidence in Service Corp International, but recognize this is not an active investment signal for immediate price movement.

Key Numbers

• 29,679,566 — Shares Beneficially Owned (The total number of Service Corp International common shares Vanguard holds, indicating their substantial investment.)
• 18.0% — Percentage of Class (The significant portion of Service Corp International's common stock owned by Vanguard, highlighting their influence as a passive investor.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and major institutional investor
• Service Corp International (company) — subject company whose shares are being reported
• 29,679,566 shares (dollar_amount) — total shares beneficially owned by Vanguard
• 18.0% (dollar_amount) — percentage of Service Corp International's common stock owned by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing
• February 13, 2024 (date) — filing date of the SC 13G/A amendment

Forward-Looking Statements

• Vanguard will maintain a significant, passive ownership stake in Service Corp International for the foreseeable future. (The Vanguard Group) — high confidence, target: December 29, 2024

FAQ

Filing Documents

• tv01904-servicecorpinternati.htm (SC 13G/A) — 11KB
• 0001104659-24-021921.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Service Corp International/US

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 1929 Allen Parkway Houston, TX 77019

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 817565104

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR