Insider Selling: Service Corporation International (NYSE:SCI) VP Sells 42,400 Shares of Stock

Service Corporation International (NYSE:SCI) VP Elisabeth Nash sold 42,400 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the vice president directly owned 110,006 shares in the company, valued at $8,395,657.92. The trade was a 27.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Service Corporation International Stock Performance

Service Corporation International stock traded up $1.69 during trading hours on Monday, reaching $77.59. 260,317 shares of the company were exchanged, compared to its average volume of 1,089,729. Service Corporation International has a 12 month low of $71.75 and a 12 month high of $86.83. 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 50-day moving average of $80.74 and a 200 day moving average of $79.87. The firm has a market cap of $10.88 billion, a price-to-earnings ratio of 20.87, a PEG ratio of 1.83 and a beta of 0.98.

Service Corporation International (NYSE:SCI) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.87 earnings per share 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 business 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 company earned $0.79 earnings per share. Service Corporation International’s revenue for the quarter was up 4.4% on a year-over-year basis. Service Corporation International has set its FY 2025 guidance at 3.800-3.90 EPS. As a group, research analysts anticipate that Service Corporation International will post 3.84 earnings per share for the current year.

Service Corporation International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, December 15th. Service Corporation International’s payout ratio is currently 34.50%.

Institutional Trading of Service Corporation International

Several large investors have recently added to or reduced their stakes in the company. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Service Corporation International in the 3rd quarter worth approximately $33,000. Root Financial Partners LLC acquired a new stake in Service Corporation International during the 3rd quarter valued at $34,000. Quent Capital LLC bought a new position in Service Corporation International in the 3rd quarter valued at $34,000. V Square Quantitative Management LLC acquired a new position in Service Corporation International in the second quarter worth $34,000. Finally, Sunbelt Securities Inc. bought a new stake in shares of Service Corporation International during the third quarter worth $42,000. 85.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SCI shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Service Corporation International in a research report on Monday, December 1st. UBS Group upped their price objective on shares of Service Corporation International from $88.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Finally, Oppenheimer increased their target price on shares of Service Corporation International from $86.00 to $91.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Service Corporation International currently has a consensus rating of “Moderate Buy” and an average price target of $92.00.

Service Corporation International Company Profile

Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery segments. The Funeral segment offers services related to cremations, including the use of home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, memorialization, and catering.