Service Co. International (NYSE:SCI) Director Sells $515,385.00 in Stock

Service Co. International (NYSE:SCI) Director Tony Coelho sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $79.29, for a total value of $515,385.00. Following the sale, the director now directly owns 46,824 shares of the company’s stock, valued at $3,712,674.96. This trade represents a 12.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Service Co. International Stock Performance

Shares of NYSE SCI opened at $80.94 on Friday. Service Co. International has a 12 month low of $67.19 and a 12 month high of $89.37. The company has a market cap of $11.67 billion, a P/E ratio of 22.80, a P/E/G ratio of 1.90 and a beta of 0.90. The business’s 50 day moving average is $78.42 and its two-hundred day moving average is $80.02. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.83.

Service Co. International (NYSE:SCI) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.06 earnings per share for the quarter, hitting the consensus estimate of $1.06. Service Co. International had a return on equity of 32.18% and a net margin of 12.39%. On average, equities analysts expect that Service Co. International will post 3.84 EPS for the current year.

Service Co. International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.32 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.28 dividend on an annualized basis and a yield of 1.58%. This is a positive change from Service Co. International’s previous quarterly dividend of $0.31. Service Co. International’s payout ratio is currently 36.06%.

Hedge Funds Weigh In On Service Co. International

Institutional investors and hedge funds have recently bought and sold shares of the business. Swedbank AB raised its position in shares of Service Co. International by 1.9% during the third quarter. Swedbank AB now owns 2,900,020 shares of the company’s stock worth $228,899,000 after acquiring an additional 55,000 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Service Co. International by 5.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 8,824 shares of the company’s stock worth $696,000 after buying an additional 419 shares during the period. Farther Finance Advisors LLC boosted its position in Service Co. International by 36.8% during the third quarter. Farther Finance Advisors LLC now owns 926 shares of the company’s stock valued at $73,000 after purchasing an additional 249 shares during the last quarter. QRG Capital Management Inc. boosted its position in Service Co. International by 4.2% during the third quarter. QRG Capital Management Inc. now owns 5,396 shares of the company’s stock valued at $426,000 after purchasing an additional 217 shares during the last quarter. Finally, Blake Schutter Theil Wealth Advisors LLC bought a new position in shares of Service Co. International during the third quarter worth approximately $217,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. StockNews.com downgraded Service Co. International from a “hold” rating to a “sell” rating in a research note on Wednesday, February 26th. Oppenheimer raised their price objective on Service Co. International from $86.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat, Service Co. International has an average rating of “Moderate Buy” and an average target price of $88.50.

Service Co. 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.