Service Co. International (NYSE:SCI) CEO Sells $4,228,000.00 in Stock

Service Co. International (NYSE:SCI) CEO Thomas L. Ryan sold 50,000 shares of Service Co. International stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $84.56, for a total value of $4,228,000.00. Following the completion of the sale, the chief executive officer now owns 982,333 shares in the company, valued at approximately $83,066,078.48. The trade was a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Service Co. International Price Performance

SCI stock opened at $78.55 on Friday. The company has a debt-to-equity ratio of 2.83, a current ratio of 0.52 and a quick ratio of 0.48. The business has a 50 day simple moving average of $78.53 and a 200-day simple moving average of $80.14. The firm has a market capitalization of $11.33 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 1.90 and a beta of 0.90. Service Co. International has a 1 year low of $67.19 and a 1 year high of $89.37.

Service Co. International (NYSE:SCI) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $1.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.06. Service Co. International had a return on equity of 32.18% and a net margin of 12.39%. Equities research analysts anticipate that Service Co. International will post 3.84 earnings per share for the current fiscal year.

Service Co. International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.32 dividend. The ex-dividend date is Friday, March 14th. This is a boost from Service Co. International’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a yield of 1.63%. Service Co. International’s dividend payout ratio is currently 36.06%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SCI. SBI Securities Co. Ltd. acquired a new position in Service Co. International in the fourth quarter valued at approximately $25,000. Quarry LP lifted its holdings in Service Co. International by 359.8% in the fourth quarter. Quarry LP now owns 469 shares of the company’s stock valued at $37,000 after acquiring an additional 367 shares during the last quarter. Mizuho Bank Ltd. acquired a new position in Service Co. International in the fourth quarter valued at approximately $40,000. Resona Asset Management Co. Ltd. acquired a new position in Service Co. International in the fourth quarter valued at approximately $40,000. Finally, Vision Financial Markets LLC acquired a new position in Service Co. International in the fourth quarter valued at approximately $52,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on SCI. StockNews.com cut Service Co. International from a “hold” rating to a “sell” rating in a report on Wednesday, February 26th. Oppenheimer lifted their price objective on Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.50.

About Service Co. International

Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery segments. The Funeral segment offers services related to cremations, including the use of home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, memorialization, and catering.