Service Co. International (NYSE:SCI) Director Tony Coelho sold 3,110 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $39.11, for a total value of $121,632.10. Following the sale, the director now directly owns 63,240 shares of the company’s stock, valued at $2,473,316.40. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Service Co. International (SCI) traded down $0.40 on Tuesday, hitting $38.45. The stock had a trading volume of 843,477 shares, compared to its average volume of 1,410,000. Service Co. International has a 52 week low of $30.02 and a 52 week high of $40.28. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.58 and a quick ratio of 0.55. The stock has a market cap of $7,210.00, a P/E ratio of 13.54, a PEG ratio of 1.85 and a beta of 0.95.
Service Co. International (NYSE:SCI) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.05. Service Co. International had a return on equity of 23.68% and a net margin of 17.66%. The company had revenue of $812.73 million during the quarter, compared to the consensus estimate of $823.66 million. During the same period last year, the business earned $0.47 EPS. equities analysts forecast that Service Co. International will post 1.82 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be issued a dividend of $0.17 per share. This is a positive change from Service Co. International’s previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, March 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.77%. Service Co. International’s dividend payout ratio is currently 21.13%.
Service Co. International declared that its Board of Directors has approved a share buyback plan on Tuesday, February 13th that authorizes the company to buyback $298.00 million in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.
A number of research firms have recently weighed in on SCI. Deutsche Bank raised their price target on Service Co. International from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Zacks Investment Research raised Service Co. International from a “sell” rating to a “hold” rating and set a $40.00 price target for the company in a research note on Saturday, October 28th. Credit Suisse Group raised their price target on Service Co. International from $40.00 to $46.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. Oppenheimer reaffirmed a “buy” rating and set a $42.00 price target on shares of Service Co. International in a research note on Thursday, January 18th. Finally, Off Wall Street began coverage on Service Co. International in a research note on Friday, December 15th. They set a “sell” rating for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Service Co. International currently has a consensus rating of “Buy” and an average price target of $42.50.
Hedge funds and other institutional investors have recently modified their holdings of the company. Canada Pension Plan Investment Board acquired a new position in shares of Service Co. International during the 3rd quarter valued at about $4,806,000. Russell Investments Group Ltd. increased its holdings in shares of Service Co. International by 284.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 257,164 shares of the company’s stock valued at $8,872,000 after acquiring an additional 190,334 shares during the last quarter. Contravisory Investment Management Inc. increased its holdings in shares of Service Co. International by 118,665.1% during the 4th quarter. Contravisory Investment Management Inc. now owns 98,575 shares of the company’s stock valued at $3,679,000 after acquiring an additional 98,492 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of Service Co. International by 4.6% during the 3rd quarter. Nordea Investment Management AB now owns 62,639 shares of the company’s stock valued at $2,161,000 after acquiring an additional 2,734 shares during the last quarter. Finally, Rothschild Asset Management Inc. increased its holdings in shares of Service Co. International by 58.5% during the 3rd quarter. Rothschild Asset Management Inc. now owns 834,092 shares of the company’s stock valued at $28,776,000 after acquiring an additional 307,915 shares during the last quarter. 82.94% of the stock is currently owned by institutional investors and hedge funds.
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About Service Co. 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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