Service Co. International (NYSE:SCI) CEO Thomas L. Ryan Sells 12,153 Shares

Service Co. International (NYSE:SCIGet Rating) CEO Thomas L. Ryan sold 12,153 shares of the stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $69.22, for a total value of $841,230.66. Following the sale, the chief executive officer now owns 968,909 shares in the company, valued at approximately $67,067,880.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

NYSE SCI traded up $1.14 during trading hours on Friday, reaching $70.18. 742,408 shares of the stock traded hands, compared to its average volume of 962,474. The stock has a 50 day simple moving average of $67.73 and a two-hundred day simple moving average of $65.92. Service Co. International has a 1 year low of $51.53 and a 1 year high of $72.07. The company has a debt-to-equity ratio of 2.15, a current ratio of 0.59 and a quick ratio of 0.55. The company has a market cap of $11.14 billion, a price-to-earnings ratio of 14.60, a price-to-earnings-growth ratio of 2.21 and a beta of 0.73.

Service Co. International (NYSE:SCIGet Rating) last released its quarterly earnings results on Tuesday, May 3rd. The company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.36. Service Co. International had a return on equity of 40.43% and a net margin of 19.00%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1 billion. During the same quarter last year, the business posted $1.32 earnings per share. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, sell-side analysts forecast that Service Co. International will post 3.52 EPS for the current fiscal year.

Service Co. International declared that its Board of Directors has initiated a share buyback plan on Wednesday, May 4th that authorizes the company to buyback $394.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 3.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th will be paid a dividend of $0.52 per share. This is a boost from Service Co. International’s previous quarterly dividend of $0.25. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date is Tuesday, June 14th. Service Co. International’s dividend payout ratio (DPR) is 21.14%.

Large investors have recently made changes to their positions in the company. Covestor Ltd bought a new position in shares of Service Co. International during the fourth quarter valued at about $26,000. Charter Oak Capital Management LLC bought a new position in shares of Service Co. International during the fourth quarter valued at about $33,000. Cassady Schiller Wealth Management LLC bought a new position in shares of Service Co. International during the fourth quarter valued at about $35,000. Ellevest Inc. grew its stake in shares of Service Co. International by 51.8% during the first quarter. Ellevest Inc. now owns 548 shares of the company’s stock valued at $36,000 after buying an additional 187 shares during the last quarter. Finally, First Command Financial Services Inc. bought a new position in shares of Service Co. International during the fourth quarter valued at about $39,000. 84.03% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on the company. Oppenheimer increased their target price on Service Co. International from $64.00 to $74.00 in a research report on Monday, May 9th. Credit Suisse Group increased their price objective on Service Co. International from $80.00 to $81.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 16th. StockNews.com assumed coverage on Service Co. International in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Zacks Investment Research downgraded Service Co. International from a “strong-buy” rating to a “hold” rating and set a $74.00 price objective on the stock. in a research report on Tuesday, April 19th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Service Co. International presently has a consensus rating of “Buy” and a consensus price target of $76.00.

About Service Co. International (Get Rating)

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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