Service Co. International (NYSE:SCI) CEO Sells $4,228,000.00 in Stock

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

Service Co. International Stock Performance

Service Co. International stock opened at $78.45 on Thursday. The company has a market capitalization of $11.31 billion, a P/E ratio of 22.10, a P/E/G ratio of 1.90 and a beta of 0.90. The business has a 50 day moving average of $78.49 and a 200-day moving average of $80.14. 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.

Service Co. International (NYSE:SCI) last released its earnings results on Wednesday, February 12th. The company reported $1.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.06. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. On average, equities research analysts predict that Service Co. International will post 3.84 earnings per share for the current year.

Service Co. International Increases Dividend

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

Hedge Funds Weigh In On Service Co. International

A number of large investors have recently modified their holdings of SCI. SBI Securities Co. Ltd. bought a new position in Service Co. International during the 4th quarter valued at $25,000. Quarry LP increased its position in shares of Service Co. International by 359.8% during the 4th quarter. Quarry LP now owns 469 shares of the company’s stock valued at $37,000 after purchasing an additional 367 shares during the last quarter. Mizuho Bank Ltd. purchased a new stake in Service Co. International in the 4th quarter worth about $40,000. Resona Asset Management Co. Ltd. purchased a new stake in Service Co. International in the 4th quarter worth about $40,000. Finally, Vision Financial Markets LLC purchased a new stake in Service Co. International in the 4th quarter worth about $52,000. 85.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SCI. Oppenheimer lifted their price objective on shares of Service Co. International from $86.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, December 13th. StockNews.com downgraded shares of Service Co. International from a “hold” rating to a “sell” rating in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Service Co. International currently has an average rating of “Moderate Buy” and a consensus target price of $88.50.

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.