Service Corporation International (NYSE:SCI) insider Tammy R. Moore sold 41,400 shares of the company’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $34.85, for a total transaction of $1,442,790.00. Following the sale, the insider now directly owns 59,220 shares in the company, valued at approximately $2,063,817. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Service Corporation International (SCI) opened at 35.34 on Wednesday. Service Corporation International has a 52-week low of $24.90 and a 52-week high of $35.89. The company has a market cap of $6.62 billion, a PE ratio of 19.15 and a beta of 0.93. The stock’s 50 day moving average is $35.02 and its 200-day moving average is $32.66.
Service Corporation International (NYSE:SCI) last released its quarterly earnings data on Wednesday, July 26th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. Service Corporation International had a net margin of 11.59% and a return on equity of 24.67%. The firm had revenue of $773.20 million for the quarter, compared to analysts’ expectations of $769.57 million. During the same quarter in the previous year, the company earned $0.28 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities research analysts predict that Service Corporation International will post $1.47 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Thursday, September 14th. Service Corporation International’s payout ratio is 32.43%.
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A number of equities analysts have recently issued reports on SCI shares. Zacks Investment Research cut shares of Service Corporation International from a “buy” rating to a “hold” rating in a research report on Saturday. BidaskClub raised shares of Service Corporation International from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 19th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $37.00.
Several hedge funds have recently added to or reduced their stakes in SCI. BlackRock Inc. increased its position in shares of Service Corporation International by 13,931.4% in the first quarter. BlackRock Inc. now owns 16,407,111 shares of the company’s stock valued at $506,652,000 after acquiring an additional 16,290,180 shares during the period. Morgan Stanley boosted its stake in shares of Service Corporation International by 385.2% during the 1st quarter. Morgan Stanley now owns 2,869,347 shares of the company’s stock valued at $88,606,000 after purchasing an additional 2,277,979 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Service Corporation International during the 1st quarter valued at about $37,427,000. Vanguard Group Inc. boosted its stake in shares of Service Corporation International by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 14,875,922 shares of the company’s stock valued at $459,368,000 after purchasing an additional 583,346 shares in the last quarter. Finally, Balyasny Asset Management LLC boosted its stake in shares of Service Corporation International by 271.3% during the 2nd quarter. Balyasny Asset Management LLC now owns 777,768 shares of the company’s stock valued at $26,016,000 after purchasing an additional 568,279 shares in the last quarter. Hedge funds and other institutional investors own 84.83% of the company’s stock.
Service Corporation International Company Profile
Service Corporation International is a provider of deathcare products and services, with a network of funeral service locations and cemeteries. The Company’s segments include Funeral, Cemetery and Corporate. It conducts both funeral and cemetery operations in the United States and Canada. As December 31, 2016, it operated 1,502 funeral service locations and 470 cemeteries, including 281 funeral service/cemetery combination locations, which are geographically diversified across 45 states, eight Canadian provinces, the District of Columbia, and Puerto Rico.
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