Service Co. International (NYSE:SCI) CEO Thomas L. Ryan sold 28,836 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $47.30, for a total value of $1,363,942.80. Following the completion of the transaction, the chief executive officer now owns 1,051,645 shares of the company’s stock, valued at approximately $49,742,808.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of SCI stock traded up $0.30 on Thursday, hitting $47.20. 659,100 shares of the stock were exchanged, compared to its average volume of 1,014,511. The company has a current ratio of 0.64, a quick ratio of 0.60 and a debt-to-equity ratio of 1.99. The firm has a market capitalization of $8.56 billion, a PE ratio of 26.37, a P/E/G ratio of 2.15 and a beta of 0.92. Service Co. International has a one year low of $37.52 and a one year high of $48.54. The firm’s 50 day moving average is $46.85 and its two-hundred day moving average is $43.65.
Service Co. International (NYSE:SCI) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. The company had revenue of $812.57 million during the quarter, compared to the consensus estimate of $811.01 million. Service Co. International had a return on equity of 20.55% and a net margin of 12.88%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.44 EPS. On average, sell-side analysts expect that Service Co. International will post 1.95 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.53%. Service Co. International’s payout ratio is 40.22%.
A number of research analysts have issued reports on the company. ValuEngine upgraded Service Co. International from a “hold” rating to a “buy” rating in a research note on Friday, May 10th. Zacks Investment Research upgraded Service Co. International from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Finally, Raymond James upped their price objective on Service Co. International from $50.00 to $54.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $50.33.
Hedge funds have recently bought and sold shares of the company. Voloridge Investment Management LLC bought a new position in shares of Service Co. International during the 2nd quarter valued at about $927,000. Zacks Investment Management increased its position in shares of Service Co. International by 8.0% during the 2nd quarter. Zacks Investment Management now owns 51,130 shares of the company’s stock valued at $2,392,000 after purchasing an additional 3,769 shares during the last quarter. Nuveen Asset Management LLC increased its position in shares of Service Co. International by 2,121.3% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,070,670 shares of the company’s stock valued at $50,087,000 after purchasing an additional 1,022,470 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Service Co. International by 0.6% during the 2nd quarter. Victory Capital Management Inc. now owns 95,371 shares of the company’s stock valued at $4,461,000 after purchasing an additional 595 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in shares of Service Co. International by 5.6% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 240,443 shares of the company’s stock valued at $11,248,000 after purchasing an additional 12,687 shares during the last quarter. Institutional investors own 86.94% of the company’s stock.
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.
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