Service Co. International (NYSE:SCI) Director Sells $70,770.00 in Stock

Service Co. International (NYSE:SCI) Director Victor L. Lund sold 1,011 shares of the stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $70.00, for a total value of $70,770.00. Following the transaction, the director now directly owns 7,606 shares in the company, valued at approximately $532,420. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Victor L. Lund also recently made the following trade(s):

• On Monday, April 15th, Victor L. Lund sold 7,606 shares of Service Co. International stock. The stock was sold at an average price of $70.00, for a total value of $532,420.00.

Service Co. International Stock Down 2.9 %

Shares of SCI stock opened at $67.59 on Monday. Service Co. International has a 12 month low of $52.89 and a 12 month high of $75.97. The company has a quick ratio of 0.57, a current ratio of 0.62 and a debt-to-equity ratio of 2.90. The firm has a market cap of $9.84 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 1.83 and a beta of 0.81. The stock has a 50 day moving average of $72.21 and a 200-day moving average of $67.35.

Service Co. International (NYSE:SCI) last released its earnings results on Wednesday, May 1st. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.85 by $0.04. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Service Co. International had a net margin of 12.73% and a return on equity of 32.23%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.93 EPS. On average, equities analysts predict that Service Co. International will post 3.66 EPS for the current year.

Service Co. International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Service Co. International’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a yield of 1.78%. Service Co. International’s dividend payout ratio (DPR) is 33.33%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SCI shares. UBS Group boosted their price objective on shares of Service Co. International from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Oppenheimer boosted their target price on shares of Service Co. International from $71.00 to $76.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $75.00.

Hedge Funds Weigh In On Service Co. International

Several institutional investors and hedge funds have recently added to or reduced their stakes in SCI. Parallel Advisors LLC increased its position in shares of Service Co. International by 3.8% during the fourth quarter. Parallel Advisors LLC now owns 4,515 shares of the company’s stock valued at $309,000 after purchasing an additional 165 shares during the period. GAMMA Investing LLC increased its holdings in Service Co. International by 16.1% in the 1st quarter. GAMMA Investing LLC now owns 1,254 shares of the company’s stock valued at $93,000 after buying an additional 174 shares during the period. Private Advisor Group LLC raised its stake in shares of Service Co. International by 2.1% in the 3rd quarter. Private Advisor Group LLC now owns 9,318 shares of the company’s stock valued at $532,000 after buying an additional 188 shares in the last quarter. HBK Sorce Advisory LLC lifted its holdings in shares of Service Co. International by 2.0% during the 3rd quarter. HBK Sorce Advisory LLC now owns 11,821 shares of the company’s stock worth $675,000 after acquiring an additional 230 shares during the period. Finally, Arizona State Retirement System boosted its position in shares of Service Co. International by 0.6% during the 3rd quarter. Arizona State Retirement System now owns 43,262 shares of the company’s stock valued at $2,472,000 after acquiring an additional 239 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors.

Service Co. International Company Profile

Service Corporation International provides deathcare products and services in the United States and Canada. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses. The company also provides professional services related to funerals and cremations, including the use of funeral home facilities and motor vehicles; arranging and directing services; and removal, preparation, embalming, cremation, memorialization, and travel protection, as well as catering services.