Service Co. International (NYSE:SCI) Director Sells $410,076.00 in Stock

Service Co. International (NYSE:SCI) Director Tony Coelho sold 5,400 shares of Service Co. International stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $75.94, for a total value of $410,076.00. Following the completion of the sale, the director now owns 43,938 shares in the company, valued at approximately $3,336,651.72. This represents a 10.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Tony Coelho also recently made the following trade(s):

• On Wednesday, March 5th, Tony Coelho sold 6,500 shares of Service Co. International stock. The stock was sold at an average price of $79.29, for a total value of $515,385.00.

Service Co. International Price Performance

Shares of SCI stock opened at $75.74 on Monday. The business’s fifty day moving average is $78.26 and its 200 day moving average is $80.25. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 2.83. The stock has a market cap of $10.78 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 1.90 and a beta of 0.96. Service Co. International has a twelve month low of $68.51 and a twelve month high of $89.37.

Service Co. International (NYSE:SCI) last announced its earnings results on Wednesday, April 30th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.05. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. The company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.89 EPS. Research analysts expect that Service Co. International will post 3.84 EPS for the current fiscal year.

Service Co. International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Friday, June 13th. Service Co. International’s dividend payout ratio (DPR) is presently 35.16%.

Hedge Funds Weigh In On Service Co. International

Several large investors have recently made changes to their positions in the business. Deutsche Bank AG grew its stake in shares of Service Co. International by 0.9% in the 1st quarter. Deutsche Bank AG now owns 1,024,608 shares of the company’s stock worth $82,174,000 after buying an additional 9,342 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Service Co. International by 1.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 931,194 shares of the company’s stock worth $74,682,000 after acquiring an additional 10,972 shares during the last quarter. Fairfield Financial Advisors LTD increased its holdings in shares of Service Co. International by 95.1% during the first quarter. Fairfield Financial Advisors LTD now owns 4,662 shares of the company’s stock valued at $374,000 after acquiring an additional 2,272 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Service Co. International by 2.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 345,856 shares of the company’s stock worth $27,738,000 after purchasing an additional 7,802 shares during the last quarter. Finally, US Bancorp DE boosted its stake in Service Co. International by 4.4% in the 1st quarter. US Bancorp DE now owns 5,167 shares of the company’s stock worth $414,000 after purchasing an additional 217 shares in the last quarter. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on SCI shares. StockNews.com upgraded shares of Service Co. International from a “sell” rating to a “hold” rating in a report on Thursday, April 3rd. UBS Group reduced their price target on shares of Service Co. International from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Service Co. International presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.25.

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.