Service Co. International (NYSE:SCI) Director Victor L. Lund Sells 7,606 Shares

Service Co. International (NYSE:SCI) Director Victor L. Lund sold 7,606 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $70.00, for a total transaction of $532,420.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Service Co. International Price Performance

Shares of SCI opened at $67.59 on Monday. The stock has a market capitalization of $9.90 billion, a PE ratio of 19.42, a PEG ratio of 1.83 and a beta of 0.81. The company has a 50 day moving average price of $72.21 and a 200-day moving average price of $67.35. The company has a debt-to-equity ratio of 2.90, a quick ratio of 0.62 and a current ratio of 0.62. Service Co. International has a fifty-two week low of $52.89 and a fifty-two week high of $75.97.

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

Service Co. International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.78%. This is a positive change from Service Co. International’s previous quarterly dividend of $0.29. The ex-dividend date was Thursday, March 14th. Service Co. International’s dividend payout ratio is presently 33.33%.

Analysts Set New Price Targets

SCI has been the topic of several research analyst reports. UBS Group increased their price objective on 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 increased their price target on 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 research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $75.00.

Institutional Investors Weigh In On Service Co. International

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. TFO Wealth Partners LLC increased its position in shares of Service Co. International by 12,200.0% during the fourth quarter. TFO Wealth Partners LLC now owns 369 shares of the company’s stock worth $25,000 after purchasing an additional 366 shares in the last quarter. Rise Advisors LLC acquired a new stake in shares of Service Co. International in the 1st quarter worth $31,000. Whittier Trust Co. grew its stake in Service Co. International by 406.5% during the 1st quarter. Whittier Trust Co. now owns 542 shares of the company’s stock worth $40,000 after buying an additional 435 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its position in Service Co. International by 204.1% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 599 shares of the company’s stock valued at $41,000 after buying an additional 402 shares in the last quarter. Finally, ICA Group Wealth Management LLC purchased a new stake in Service Co. International in the fourth quarter valued at about $42,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

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.