Insider Selling: Service Co. International (NYSE:SCI) CEO Sells $543,201.06 in Stock

Service Co. International (NYSE:SCI) CEO Thomas L. Ryan sold 10,851 shares of the company’s stock in a transaction on Wednesday, November 25th. The shares were sold at an average price of $50.06, for a total transaction of $543,201.06. Following the completion of the sale, the chief executive officer now directly owns 1,144,159 shares in the company, valued at $57,276,599.54. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

NYSE:SCI opened at $49.54 on Monday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.59 and a current ratio of 0.63. The company has a fifty day moving average of $46.94 and a two-hundred day moving average of $42.76. The stock has a market capitalization of $8.56 billion, a PE ratio of 22.42, a P/E/G ratio of 2.03 and a beta of 0.76. Service Co. International has a fifty-two week low of $33.93 and a fifty-two week high of $52.99.

Service Co. International (NYSE:SCI) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.36. The company had revenue of $918.24 million during the quarter, compared to analysts’ expectations of $801.00 million. Service Co. International had a net margin of 12.50% and a return on equity of 20.42%. During the same period in the prior year, the business posted $0.37 earnings per share. Research analysts forecast that Service Co. International will post 2.02 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Tuesday, December 15th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Monday, December 14th. Service Co. International’s dividend payout ratio (DPR) is 40.00%.

Service Co. International announced that its Board of Directors has approved a share buyback plan on Wednesday, August 12th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to repurchase up to 6.2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Hedge funds and other institutional investors have recently modified their holdings of the company. State Board of Administration of Florida Retirement System raised its position in shares of Service Co. International by 3.0% in the second quarter. State Board of Administration of Florida Retirement System now owns 237,609 shares of the company’s stock valued at $9,241,000 after buying an additional 7,013 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Service Co. International by 4.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 555,979 shares of the company’s stock valued at $23,451,000 after buying an additional 24,042 shares during the last quarter. State of Michigan Retirement System raised its position in shares of Service Co. International by 27.9% in the second quarter. State of Michigan Retirement System now owns 64,830 shares of the company’s stock valued at $2,521,000 after buying an additional 14,130 shares during the last quarter. Comerica Bank grew its holdings in shares of Service Co. International by 1.6% in the second quarter. Comerica Bank now owns 112,555 shares of the company’s stock valued at $4,367,000 after purchasing an additional 1,748 shares during the period. Finally, Dupont Capital Management Corp grew its holdings in shares of Service Co. International by 94.0% in the third quarter. Dupont Capital Management Corp now owns 42,108 shares of the company’s stock valued at $1,776,000 after purchasing an additional 20,400 shares during the period. Institutional investors and hedge funds own 85.46% of the company’s stock.

Several analysts have recently commented on SCI shares. Oppenheimer started coverage on shares of Service Co. International in a report on Wednesday, August 5th. They issued a “buy” rating and a $46.00 price objective on the stock. Credit Suisse Group boosted their target price on shares of Service Co. International from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday, November 2nd. ValuEngine cut shares of Service Co. International from a “hold” rating to a “sell” rating in a research note on Tuesday, November 10th. Zacks Investment Research upgraded shares of Service Co. International from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Tuesday, September 29th. Finally, Raymond James boosted their target price on shares of Service Co. International from $50.00 to $53.00 and gave the company an “outperform” rating in a research note on Friday, October 30th. One research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company. Service Co. International has a consensus rating of “Buy” and an average price target of $48.86.

About Service Co. International

Service Corporation International provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses.

Further Reading: Cost of Equity For A Business, Investors

Insider Buying and Selling by Quarter for Service Co. International (NYSE:SCI)

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