W Blair Waltrip Sells 6,150 Shares of Service Co. International (NYSE:SCI) Stock

Service Co. International (NYSE:SCIGet Free Report) Director W Blair Waltrip sold 6,150 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $74.38, for a total value of $457,437.00. Following the completion of the transaction, the director now directly owns 597,948 shares in the company, valued at $44,475,372.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Service Co. International Stock Performance

SCI opened at $75.56 on Friday. The stock has a market cap of $11.03 billion, a PE ratio of 21.47, a P/E/G ratio of 2.05 and a beta of 0.81. The company has a current ratio of 0.67, a quick ratio of 0.62 and a debt-to-equity ratio of 3.02. Service Co. International has a 1 year low of $52.89 and a 1 year high of $75.97. The stock’s 50 day simple moving average is $69.63 and its 200-day simple moving average is $63.71.

Service Co. International (NYSE:SCIGet Free Report) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Service Co. International had a return on equity of 32.88% and a net margin of 13.11%. Service Co. International’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.92 earnings per share. Sell-side analysts forecast that Service Co. International will post 3.62 EPS for the current year.

Service Co. International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 15th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, March 14th. This is a boost from Service Co. International’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.59%. Service Co. International’s payout ratio is currently 32.95%.

Analyst Ratings Changes

SCI has been the topic of several recent analyst reports. UBS Group lifted their price target on Service Co. International from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Oppenheimer lifted their price target on Service Co. International from $71.00 to $76.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $75.00.

Read Our Latest Report on SCI

Institutional Trading of Service Co. International

Several institutional investors have recently bought and sold shares of SCI. American Century Companies Inc. boosted its stake in Service Co. International by 10.2% in the 1st quarter. American Century Companies Inc. now owns 11,544 shares of the company’s stock valued at $760,000 after buying an additional 1,068 shares in the last quarter. HighTower Advisors LLC boosted its stake in Service Co. International by 15.6% in the 1st quarter. HighTower Advisors LLC now owns 6,840 shares of the company’s stock valued at $448,000 after buying an additional 922 shares in the last quarter. Private Advisor Group LLC boosted its stake in Service Co. International by 2.2% in the 1st quarter. Private Advisor Group LLC now owns 8,269 shares of the company’s stock valued at $544,000 after buying an additional 181 shares in the last quarter. Bank of Montreal Can boosted its stake in Service Co. International by 38.1% in the 1st quarter. Bank of Montreal Can now owns 32,245 shares of the company’s stock valued at $2,135,000 after buying an additional 8,901 shares in the last quarter. Finally, APG Asset Management N.V. boosted its stake in Service Co. International by 30.1% in the 1st quarter. APG Asset Management N.V. now owns 17,700 shares of the company’s stock valued at $1,047,000 after buying an additional 4,100 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

About Service Co. International

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Service Co. International (NYSE:SCI)

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