Insider Selling: Service Co. International (NYSE:SCI) CEO Sells 50,000 Shares of Stock

Service Co. International (NYSE:SCI) CEO Thomas L. Ryan sold 50,000 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $86.11, for a total value of $4,305,500.00. Following the completion of the sale, the chief executive officer now directly owns 982,333 shares in the company, valued at $84,588,694.63. This trade represents a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Service Co. International Price Performance

NYSE SCI opened at $87.24 on Monday. Service Co. International has a one year low of $60.60 and a one year high of $88.32. The stock has a 50-day moving average of $79.73 and a 200 day moving average of $75.77. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.48 and a current ratio of 0.52. The company has a market capitalization of $12.62 billion, a price-to-earnings ratio of 25.36, a PEG ratio of 2.52 and a beta of 0.83.

Service Co. International (NYSE:SCI) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, hitting analysts’ consensus estimates of $0.79. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.78 earnings per share. On average, sell-side analysts forecast that Service Co. International will post 3.51 EPS for the current year.

Service Co. International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.42%. This is a boost from Service Co. International’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, December 13th. Service Co. International’s dividend payout ratio is presently 34.88%.

Institutional Trading of Service Co. International

Several large investors have recently modified their holdings of SCI. nVerses Capital LLC lifted its holdings in Service Co. International by 100.0% in the second quarter. nVerses Capital LLC now owns 400 shares of the company’s stock valued at $28,000 after acquiring an additional 200 shares during the period. Blue Trust Inc. increased its position in shares of Service Co. International by 121.9% during the 2nd quarter. Blue Trust Inc. now owns 708 shares of the company’s stock valued at $53,000 after purchasing an additional 389 shares during the last quarter. Quarry LP lifted its stake in shares of Service Co. International by 258.6% in the 2nd quarter. Quarry LP now owns 789 shares of the company’s stock worth $56,000 after purchasing an additional 569 shares during the period. Waldron Private Wealth LLC purchased a new position in shares of Service Co. International in the third quarter worth approximately $57,000. Finally, EntryPoint Capital LLC purchased a new position in shares of Service Co. International in the first quarter worth approximately $65,000. Institutional investors own 85.53% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. StockNews.com lowered Service Co. International from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. Truist Financial upped their target price on shares of Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Raymond James raised their price target on shares of Service Co. International from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $85.25.

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.