Tony Coelho Sells 2,555 Shares of Service Co. International (NYSE:SCI) Stock

Service Co. International (NYSE:SCI) Director Tony Coelho sold 2,555 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $85.64, for a total transaction of $218,810.20. Following the transaction, the director now owns 53,324 shares in the company, valued at approximately $4,566,667.36. The trade was a 4.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Service Co. International Stock Performance

Shares of SCI stock opened at $87.24 on Friday. The company’s fifty day simple moving average is $79.73 and its 200-day simple moving average is $75.72. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.91. Service Co. International has a 52 week low of $60.60 and a 52 week high of $88.32. The company has a market cap of $12.62 billion, a PE ratio of 25.36, a P/E/G ratio of 2.52 and a beta of 0.83.

Service Co. International (NYSE:SCI) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, hitting analysts’ consensus estimates of $0.79. Service Co. International had a return on equity of 31.84% and a net margin of 12.19%. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the firm posted $0.78 earnings per share. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, equities research analysts anticipate that Service Co. International will post 3.51 EPS for the current year.

Service Co. International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.31 dividend. This is an increase from Service Co. International’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, December 13th. This represents a $1.24 annualized dividend and a yield of 1.42%. Service Co. International’s dividend payout ratio (DPR) is 34.88%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SCI shares. Truist Financial increased their price target on shares of Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. StockNews.com cut Service Co. International from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Finally, Raymond James upped their price target on Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.25.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SCI. O Shaughnessy Asset Management LLC boosted its position in Service Co. International by 23.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 21,427 shares of the company’s stock valued at $1,590,000 after buying an additional 4,009 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in Service Co. International by 26.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 122,236 shares of the company’s stock valued at $9,073,000 after purchasing an additional 25,717 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in Service Co. International during the 1st quarter valued at approximately $65,000. Redwood Investment Management LLC purchased a new stake in Service Co. International during the 1st quarter worth approximately $1,509,000. Finally, Tidal Investments LLC purchased a new position in shares of Service Co. International during the 1st quarter valued at approximately $917,000. 85.53% of the stock is owned by institutional investors and hedge funds.

About Service Co. International

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.