SCHEDULE 13G/A: FMR LLC Amends SCI Stake to 4.7%

FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, disclosing a 4.7% beneficial ownership stake in Service Corp International Inc. as of June 30, 2025.

Summary

• FMR LLC and Abigail P. Johnson jointly filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership of Service Corp International Inc. common stock.
• As of June 30, 2025, FMR LLC and Abigail P. Johnson beneficially own an aggregate of 6,630,495.52 shares of common stock.
• This aggregate amount represents 4.7% of the class of Service Corp International Inc. common stock outstanding.
• FMR LLC holds sole voting power over 6,434,355.00 shares and sole dispositive power over 6,630,495.52 shares.
• Abigail P. Johnson, as a Director, Chairman, and CEO of FMR LLC, is deemed to have sole dispositive power over 6,630,495.52 shares, consistent with FMR LLC's aggregate beneficial ownership.
• The filing indicates that FMR LLC is a parent holding company, and its beneficial ownership includes shares held by various subsidiaries such as FIAM LLC, Fidelity Diversifying Solutions LLC, Fidelity Institutional Asset Management Trust Company, Fidelity Management & Research Company LLC, Fidelity Management Trust Company, and Strategic Advisers LLC.
• No single other person's interest in the common stock held by FMR LLC is more than five percent of the total outstanding common stock.

Sentiment

Score: 4

Explanation: The filing indicates a reduction in beneficial ownership by FMR LLC and Abigail P. Johnson to below 5%, which could be interpreted as a slightly negative signal regarding their conviction in the issuer.

Negatives

• The reduction in beneficial ownership by FMR LLC and Abigail P. Johnson to 4.7% (below the 5% threshold) from a previously higher stake may signal a decreased conviction or portfolio rebalancing by a significant institutional investor.

Risks

• A decrease in institutional ownership by a major holder like FMR LLC could be perceived negatively by the market, potentially impacting investor sentiment and the stock price.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders may react to the implied reduction in institutional ownership by FMR LLC, potentially influencing investor sentiment and trading activity.

Key Dates

Recommendation

The filing indicates a reduction in beneficial ownership by a significant institutional investor, FMR LLC, to below 5%. While not a direct sell signal, this decrease in stake by a major holder could suggest a re-evaluation of the investment, warranting a 'hold' position to observe future developments rather than a strong buy or sell.

Keywords

Service Corp International, SCI, FMR LLC, Abigail P. Johnson, Schedule 13G, beneficial ownership, common stock, institutional investor, passive investment