Service Co. International (NYSE:SCI) CEO Sells $4,305,500.00 in Stock

Service Co. International (NYSE:SCI) CEO Thomas L. Ryan sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $86.11, for a total value of $4,305,500.00. Following the completion of the transaction, the chief executive officer now owns 982,333 shares in the company, valued at approximately $84,588,694.63. The trade was a 4.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Service Co. International Trading Up 1.3 %

NYSE SCI opened at $87.24 on Monday. The stock has a 50-day moving average of $79.73 and a 200-day moving average of $75.77. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.91. Service Co. International has a 1-year low of $60.60 and a 1-year high of $88.32. The firm has a market cap of $12.62 billion, a PE ratio of 25.36, a price-to-earnings-growth ratio of 2.52 and a beta of 0.83.

Service Co. International (NYSE:SCI) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 earnings per share for the quarter, meeting the consensus estimate of $0.79. Service Co. International had a return on equity of 31.84% and a net margin of 12.19%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. The business’s revenue was up 1.2% on a year-over-year basis. As a group, sell-side analysts forecast that Service Co. International will post 3.51 EPS for the current year.

Service Co. International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Friday, December 13th. This is a positive change from Service Co. International’s previous quarterly dividend of $0.30. Service Co. International’s dividend payout ratio (DPR) is 34.88%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SCI shares. Truist Financial increased their target price on shares of Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Raymond James boosted their target price on Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, StockNews.com lowered shares of Service Co. International from a “hold” rating to a “sell” rating in a report on Friday, November 8th. 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.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $85.25.

Hedge Funds Weigh In On Service Co. International

Hedge funds have recently modified their holdings of the company. nVerses Capital LLC grew its stake in shares of Service Co. International by 100.0% in the second quarter. nVerses Capital LLC now owns 400 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares during the last quarter. Blue Trust Inc. grew its position in shares of Service Co. International by 121.9% in the 2nd quarter. Blue Trust Inc. now owns 708 shares of the company’s stock worth $53,000 after buying an additional 389 shares during the last quarter. Quarry LP increased its stake in shares of Service Co. International by 258.6% during the second quarter. Quarry LP now owns 789 shares of the company’s stock valued at $56,000 after buying an additional 569 shares during the period. Waldron Private Wealth LLC bought a new position in shares of Service Co. International during the third quarter valued at approximately $57,000. Finally, EntryPoint Capital LLC purchased a new stake in Service Co. International in the first quarter worth $65,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

About Service Co. International

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.