Ellen Ochoa Sells 2,642 Shares of Service Co. International (NYSE:SCI) Stock

Service Co. International (NYSE:SCI) Director Ellen Ochoa sold 2,642 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total transaction of $201,875.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Service Co. International Stock Up 1.1 %

Shares of NYSE SCI opened at $78.10 on Wednesday. The business’s fifty day moving average price is $73.91 and its 200-day moving average price is $72.42. Service Co. International has a one year low of $52.89 and a one year high of $80.37. The stock has a market capitalization of $11.37 billion, a PE ratio of 22.44, a P/E/G ratio of 2.20 and a beta of 0.84. The company has a debt-to-equity ratio of 3.05, a current ratio of 0.55 and a quick ratio of 0.51.

Service Co. International (NYSE:SCI) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.07). The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Service Co. International had a net margin of 12.32% and a return on equity of 32.07%. Service Co. International’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the company earned $0.83 earnings per share. On average, equities research analysts anticipate that Service Co. International will post 3.52 EPS for the current year.

Service Co. International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a $0.30 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a yield of 1.54%. Service Co. International’s dividend payout ratio is 34.48%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on SCI shares. StockNews.com downgraded Service Co. International from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Truist Financial raised their target price on Service Co. International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, June 21st. UBS Group raised their price objective on shares of Service Co. International from $83.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Finally, Oppenheimer boosted their target price on shares of Service Co. International from $76.00 to $79.00 and gave the company an “outperform” rating in a research note on Wednesday, May 22nd. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat, Service Co. International has an average rating of “Moderate Buy” and a consensus target price of $77.60.

Institutional Investors Weigh In On Service Co. International

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Inspire Investing LLC grew its position in shares of Service Co. International by 3.1% in the second quarter. Inspire Investing LLC now owns 4,969 shares of the company’s stock valued at $353,000 after purchasing an additional 148 shares in the last quarter. Fifth Third Bancorp grew its holdings in Service Co. International by 14.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,226 shares of the company’s stock valued at $87,000 after buying an additional 151 shares in the last quarter. Larson Financial Group LLC increased its position in shares of Service Co. International by 5.6% during the second quarter. Larson Financial Group LLC now owns 3,020 shares of the company’s stock valued at $215,000 after buying an additional 159 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Service Co. International by 3.8% in the fourth quarter. Parallel Advisors LLC now owns 4,515 shares of the company’s stock worth $309,000 after buying an additional 165 shares in the last quarter. Finally, HB Wealth Management LLC boosted its position in shares of Service Co. International by 3.5% in the second quarter. HB Wealth Management LLC now owns 4,894 shares of the company’s stock valued at $348,000 after acquiring an additional 165 shares during the period. Institutional investors own 85.53% of the company’s stock.

About Service Co. International

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.