Service Corporation International (NYSE:SCI) Director Sells $632,710.00 in Stock

Service Corporation International (NYSE:SCI) Director Tony Coelho sold 7,850 shares of the business’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $80.60, for a total transaction of $632,710.00. Following the transaction, the director directly owned 36,088 shares of the company’s stock, valued at approximately $2,908,692.80. This trade represents a 17.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Service Corporation International Price Performance

Shares of NYSE SCI opened at $80.69 on Friday. Service Corporation International has a fifty-two week low of $71.75 and a fifty-two week high of $89.37. The firm’s 50-day simple moving average is $79.46 and its 200 day simple moving average is $78.62. The company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 3.19. The stock has a market cap of $11.32 billion, a P/E ratio of 21.87, a P/E/G ratio of 1.96 and a beta of 0.90.

Service Corporation International (NYSE:SCI) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04. Service Corporation International had a net margin of 12.60% and a return on equity of 32.84%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the business earned $0.79 earnings per share. The company’s revenue was up 3.0% on a year-over-year basis. Equities analysts expect that Service Corporation International will post 3.84 EPS for the current year.

Service Corporation International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, September 15th. Service Corporation International’s payout ratio is currently 34.69%.

Institutional Investors Weigh In On Service Corporation International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Tranquility Partners LLC raised its stake in shares of Service Corporation International by 1.7% during the first quarter. Tranquility Partners LLC now owns 8,060 shares of the company’s stock valued at $646,000 after purchasing an additional 134 shares in the last quarter. Proficio Capital Partners LLC raised its position in Service Corporation International by 3.6% in the first quarter. Proficio Capital Partners LLC now owns 3,859 shares of the company’s stock worth $309,000 after acquiring an additional 135 shares in the last quarter. Fifth Third Bancorp raised its position in Service Corporation International by 12.2% in the first quarter. Fifth Third Bancorp now owns 1,426 shares of the company’s stock worth $114,000 after acquiring an additional 155 shares in the last quarter. Brighton Jones LLC raised its position in Service Corporation International by 3.1% in the first quarter. Brighton Jones LLC now owns 5,615 shares of the company’s stock worth $450,000 after acquiring an additional 167 shares in the last quarter. Finally, Avantax Advisory Services Inc. raised its position in Service Corporation International by 3.4% in the first quarter. Avantax Advisory Services Inc. now owns 5,301 shares of the company’s stock worth $425,000 after acquiring an additional 174 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. UBS Group reduced their price target on shares of Service Corporation International from $90.00 to $88.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Raymond James Financial reissued an “outperform” rating and set a $90.00 price target (up previously from $85.00) on shares of Service Corporation International in a report on Monday, August 4th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.50.

Service Corporation International Company Profile

Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery segments. The Funeral segment offers services related to cremations, including the use of home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, memorialization, and catering.