Service Co. International (NYSE:SCI) Director Tony Coelho Sells 2,900 Shares of Stock

Service Co. International (NYSE:SCI) Director Tony Coelho sold 2,900 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $72.38, for a total value of $209,902.00. Following the completion of the transaction, the director now owns 60,629 shares of the company’s stock, valued at $4,388,327.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Service Co. International Price Performance

Shares of SCI opened at $71.71 on Wednesday. Service Co. International has a 1 year low of $52.89 and a 1 year high of $75.97. The company has a debt-to-equity ratio of 2.90, a current ratio of 0.62 and a quick ratio of 0.57. The company has a market capitalization of $10.44 billion, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 1.97 and a beta of 0.85. The business has a 50-day moving average of $70.58 and a 200-day moving average of $70.20.

Service Co. International (NYSE:SCI) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.04. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.02 billion. Service Co. International had a return on equity of 32.23% and a net margin of 12.73%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same period last year, the company earned $0.93 earnings per share. As a group, equities research analysts anticipate that Service Co. International will post 3.66 earnings per share for the current year.

Service Co. International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.67%. Service Co. International’s payout ratio is currently 34.48%.

Institutional Investors Weigh In On Service Co. International

A number of hedge funds have recently added to or reduced their stakes in SCI. TFO Wealth Partners LLC grew its stake in Service Co. International by 12,200.0% in the fourth quarter. TFO Wealth Partners LLC now owns 369 shares of the company’s stock valued at $25,000 after acquiring an additional 366 shares during the period. Rise Advisors LLC acquired a new stake in Service Co. International in the first quarter valued at approximately $31,000. Whittier Trust Co. grew its stake in Service Co. International by 406.5% in the first quarter. Whittier Trust Co. now owns 542 shares of the company’s stock valued at $40,000 after acquiring an additional 435 shares during the period. Massmutual Trust Co. FSB ADV grew its stake in Service Co. International by 204.1% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 599 shares of the company’s stock valued at $41,000 after acquiring an additional 402 shares during the period. Finally, ICA Group Wealth Management LLC acquired a new stake in Service Co. International in the fourth quarter valued at approximately $42,000. 85.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on SCI shares. UBS Group increased their target price on Service Co. International from $83.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Oppenheimer raised their price objective on Service Co. International from $76.00 to $79.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 22nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Service Co. International has a consensus rating of “Moderate Buy” and an average target price of $76.80.

Service Co. International Company Profile

Service Corporation International provides deathcare products and services in the United States and Canada. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses. The company also provides professional services related to funerals and cremations, including the use of funeral home facilities and motor vehicles; arranging and directing services; and removal, preparation, embalming, cremation, memorialization, and travel protection, as well as catering services.