Service Co. International (NYSE:SCI) Director Tony Coelho Sells 2,555 Shares

Service Co. International (NYSE:SCI) Director Tony Coelho sold 2,555 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $85.64, for a total value of $218,810.20. Following the transaction, the director now owns 53,324 shares in the company, valued at approximately $4,566,667.36. This trade represents a 4.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Service Co. International Stock Performance

Shares of SCI stock opened at $87.24 on Monday. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.48 and a current ratio of 0.52. Service Co. International has a 52 week low of $60.60 and a 52 week high of $88.32. The company’s 50 day moving average price is $79.73 and its two-hundred day moving average price is $75.77. The company has a market capitalization of $12.62 billion, a P/E ratio of 25.36, a price-to-earnings-growth ratio of 2.55 and a beta of 0.83.

Service Co. International (NYSE:SCI) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, hitting analysts’ consensus estimates of $0.79. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.02 billion. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the business posted $0.78 earnings per share. On average, analysts expect that Service Co. International will post 3.51 earnings per share for the current fiscal year.

Service Co. International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 dividend yield of 1.42%. This is a positive change from Service Co. International’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, December 13th. Service Co. International’s payout ratio is 34.88%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. FMR LLC boosted its position in Service Co. International by 300.6% during the 3rd quarter. FMR LLC now owns 4,055,823 shares of the company’s stock worth $320,126,000 after acquiring an additional 3,043,354 shares during the last quarter. Swedbank AB acquired a new position in Service Co. International during the first quarter worth $224,137,000. Select Equity Group L.P. grew its position in Service Co. International by 53.5% in the second quarter. Select Equity Group L.P. now owns 7,239,783 shares of the company’s stock valued at $514,966,000 after purchasing an additional 2,524,795 shares in the last quarter. Verition Fund Management LLC increased its stake in Service Co. International by 2,527.9% in the 3rd quarter. Verition Fund Management LLC now owns 293,329 shares of the company’s stock valued at $23,152,000 after buying an additional 282,167 shares during the last quarter. Finally, Millennium Management LLC lifted its position in Service Co. International by 646.5% during the 2nd quarter. Millennium Management LLC now owns 267,860 shares of the company’s stock worth $19,053,000 after buying an additional 231,980 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SCI shares. StockNews.com lowered shares of Service Co. International from a “hold” rating to a “sell” rating in a research note on Friday, November 8th. Truist Financial lifted their price target 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. Finally, Raymond James raised their price objective on Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $85.25.

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.