Service Co. International (NYSE:SCI) Director Sells $532,420.00 in Stock

Service Co. International (NYSE:SCI) Director Victor L. Lund sold 7,606 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $70.00, for a total value of $532,420.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Service Co. International Price Performance

Service Co. International stock opened at $67.59 on Friday. Service Co. International has a 52 week low of $52.89 and a 52 week high of $75.97. The business has a 50-day simple moving average of $72.21 and a 200 day simple moving average of $67.27. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 2.90. The stock has a market cap of $9.90 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 1.89 and a beta of 0.81.

Service Co. International (NYSE:SCI) last posted 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 firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Service Co. International had a return on equity of 32.23% and a net margin of 12.73%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.93 EPS. On average, research analysts forecast that Service Co. International will post 3.65 earnings per share for the current fiscal year.

Service Co. International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Service Co. International’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a dividend yield of 1.78%. Service Co. International’s dividend payout ratio (DPR) is 33.33%.

Institutional Investors Weigh In On Service Co. International

Institutional investors have recently made changes to their positions in the business. Larson Financial Group LLC lifted its stake in Service Co. International by 128.1% in the first quarter. Larson Financial Group LLC now owns 2,861 shares of the company’s stock worth $212,000 after purchasing an additional 1,607 shares during the last quarter. Central Pacific Bank Trust Division purchased a new position in shares of Service Co. International in the first quarter worth about $308,000. Whittier Trust Co. lifted its stake in shares of Service Co. International by 406.5% in the 1st 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 last quarter. Financial Counselors Inc. purchased a new stake in Service Co. International during the 1st quarter valued at about $211,000. Finally, Jennison Associates LLC grew its position in Service Co. International by 430.3% during the 1st quarter. Jennison Associates LLC now owns 357,075 shares of the company’s stock worth $26,499,000 after acquiring an additional 289,741 shares during the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on SCI. UBS Group boosted their price objective on Service Co. International from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, February 14th. Oppenheimer boosted their price objective on Service Co. International from $71.00 to $76.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $75.00.

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.