Thomas L. Ryan Sells 50,000 Shares of Service Co. International (NYSE:SCI) Stock

Service Co. International (NYSE:SCI) CEO Thomas L. Ryan sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $84.56, for a total value of $4,228,000.00. Following the transaction, the chief executive officer now owns 982,333 shares of the company’s stock, valued at approximately $83,066,078.48. This trade represents a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Service Co. International Trading Up 0.2 %

SCI stock opened at $78.50 on Friday. The company has a debt-to-equity ratio of 2.83, a current ratio of 0.52 and a quick ratio of 0.48. Service Co. International has a 1-year low of $67.19 and a 1-year high of $89.37. The business has a 50 day simple moving average of $78.51 and a two-hundred day simple moving average of $80.13. The company has a market capitalization of $11.32 billion, a price-to-earnings ratio of 22.11, a PEG ratio of 1.90 and a beta of 0.90.

Service Co. International (NYSE:SCI) last issued its earnings results on Wednesday, February 12th. The company reported $1.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.06. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. Research analysts anticipate that Service Co. International will post 3.84 EPS for the current fiscal year.

Service Co. International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.63%. This is a boost from Service Co. International’s previous quarterly dividend of $0.31. The ex-dividend date is Friday, March 14th. Service Co. International’s payout ratio is 36.06%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. StockNews.com lowered shares of Service Co. International from a “hold” rating to a “sell” rating in a research report on Wednesday, February 26th. Oppenheimer upped their target price on shares of Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a report 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.50.

Institutional Investors Weigh In On Service Co. International

A number of hedge funds have recently made changes to their positions in SCI. T. Rowe Price Investment Management Inc. increased its stake in Service Co. International by 5.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 8,952,636 shares of the company’s stock worth $714,600,000 after acquiring an additional 492,822 shares during the last quarter. FMR LLC boosted its holdings in shares of Service Co. International by 70.2% in the 4th quarter. FMR LLC now owns 6,901,982 shares of the company’s stock worth $550,916,000 after purchasing an additional 2,846,159 shares during the period. Geode Capital Management LLC raised its stake in shares of Service Co. International by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 3,239,331 shares of the company’s stock valued at $258,624,000 after acquiring an additional 27,429 shares during the period. Swedbank AB lifted its holdings in shares of Service Co. International by 1.7% in the 4th quarter. Swedbank AB now owns 2,950,020 shares of the company’s stock worth $235,471,000 after acquiring an additional 50,000 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Service Co. International by 24.9% during the 4th quarter. Northern Trust Corp now owns 1,650,384 shares of the company’s stock worth $131,734,000 after purchasing an additional 328,686 shares during the period. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

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.