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 Service Co. International stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $79.29, for a total value of $515,385.00. Following the completion of the transaction, the director now directly owns 46,824 shares of the company’s stock, valued at approximately $3,712,674.96. This 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 available through this hyperlink.

Service Co. International Price Performance

SCI stock opened at $80.94 on Monday. The business has a 50 day moving average price of $78.42 and a 200 day moving average price of $80.08. The stock has a market cap of $11.67 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 1.90 and a beta of 0.90. Service Co. International has a fifty-two week low of $67.19 and a fifty-two week high of $89.37. 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 posted its earnings results 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%. Equities research analysts anticipate that Service Co. International will post 3.84 earnings per share for the current fiscal year.

Service Co. International Increases Dividend

The company 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 boost from Service Co. International’s previous quarterly dividend of $0.31. Service Co. International’s payout ratio is currently 36.06%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SCI shares. Oppenheimer lifted their target price on Service Co. International from $86.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. StockNews.com downgraded Service Co. International from a “hold” rating to a “sell” rating in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $88.50.

Institutional Investors Weigh In On Service Co. International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SCI. Franklin Resources Inc. increased its holdings in shares of Service Co. International by 263.1% in the third quarter. Franklin Resources Inc. now owns 15,912 shares of the company’s stock valued at $1,206,000 after purchasing an additional 11,530 shares during the period. Geode Capital Management LLC grew its holdings in Service Co. International by 5.1% during the third quarter. Geode Capital Management LLC now owns 3,211,902 shares of the company’s stock worth $253,567,000 after acquiring an additional 156,086 shares during the period. Premier Fund Managers Ltd grew its holdings in Service Co. International by 23.9% during the third quarter. Premier Fund Managers Ltd now owns 1,093,723 shares of the company’s stock worth $85,721,000 after acquiring an additional 210,802 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Service Co. International by 1.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 185,277 shares of the company’s stock worth $14,348,000 after acquiring an additional 3,375 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new position in Service Co. International during the fourth quarter worth $3,229,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

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.