Service Corporation International (SCI) Hits New 1-Year High at $37.64

Shares of Service Corporation International (NYSE:SCI) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $37.64 and last traded at $37.27, with a volume of 1565300 shares traded. The stock had previously closed at $36.98.

SCI has been the topic of several analyst reports. BidaskClub raised Service Corporation International from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 19th. Zacks Investment Research lowered Service Corporation International from a “buy” rating to a “hold” rating in a report on Saturday, September 30th. Oppenheimer reissued a “buy” rating and set a $39.00 target price on shares of Service Corporation International in a report on Tuesday, September 26th. Finally, Credit Suisse Group reissued an “outperform” rating and set a $40.00 target price (up from $38.00) on shares of Service Corporation International in a report on Friday, November 3rd. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $39.75.

The firm has a market cap of $6,987.02, a P/E ratio of 24.36, a price-to-earnings-growth ratio of 2.22 and a beta of 0.96. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 2.66.

Service Corporation International (NYSE:SCI) last released its quarterly earnings data on Wednesday, October 25th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.06. The business had revenue of $731.30 million for the quarter, compared to analyst estimates of $735.62 million. Service Corporation International had a return on equity of 24.85% and a net margin of 11.83%. Service Corporation International’s revenue was up 1.4% compared to the same quarter last year. During the same period last year, the firm posted $0.26 earnings per share. research analysts expect that Service Corporation International will post 1.49 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Wednesday, November 15th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Thursday, December 14th. Service Corporation International’s dividend payout ratio (DPR) is presently 31.58%.

In other Service Corporation International news, CEO Thomas L. Ryan sold 100,000 shares of the stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $34.92, for a total value of $3,492,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,175,109 shares in the company, valued at $41,034,806.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael R. Webb sold 202,000 shares of the stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $34.70, for a total value of $7,009,400.00. Following the completion of the transaction, the insider now owns 622,903 shares of the company’s stock, valued at $21,614,734.10. The disclosure for this sale can be found here. Insiders sold 464,700 shares of company stock worth $16,248,830 over the last ninety days. 6.20% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. raised its position in Service Corporation International by 36.0% in the second quarter. Russell Investments Group Ltd. now owns 66,830 shares of the company’s stock valued at $2,235,000 after purchasing an additional 17,683 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Service Corporation International during the third quarter worth about $4,806,000. Amalgamated Bank raised its position in shares of Service Corporation International by 22.4% during the second quarter. Amalgamated Bank now owns 36,990 shares of the company’s stock worth $1,237,000 after acquiring an additional 6,767 shares during the last quarter. Green Square Capital LLC bought a new position in shares of Service Corporation International during the second quarter worth about $262,000. Finally, Parametric Portfolio Associates LLC raised its position in shares of Service Corporation International by 44.9% during the second quarter. Parametric Portfolio Associates LLC now owns 323,988 shares of the company’s stock worth $10,837,000 after acquiring an additional 100,410 shares during the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

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About Service Corporation International

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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