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 the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $84.56, for a total value of $4,228,000.00. Following the sale, the chief executive officer now owns 982,333 shares of the company’s stock, valued at approximately $83,066,078.48. This represents a 4.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Service Co. International Stock Performance

NYSE SCI opened at $78.55 on Friday. The stock has a 50-day simple moving average of $78.53 and a two-hundred day simple moving average of $80.14. The firm has a market capitalization of $11.33 billion, a P/E ratio of 22.13, a PEG ratio of 1.90 and a beta of 0.90. Service Co. International has a fifty-two week low of $67.19 and a fifty-two week high of $89.37. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.48 and a current ratio of 0.52.

Service Co. International (NYSE:SCI) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.06 earnings per share 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%. On average, equities analysts forecast that Service Co. International will post 3.84 earnings per share for the current year.

Service Co. International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, March 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.63%. This is a positive change from Service Co. International’s previous quarterly dividend of $0.31. Service Co. International’s dividend payout ratio (DPR) is presently 36.06%.

Institutional Investors Weigh In On Service Co. International

A number of institutional investors have recently modified their holdings of the business. Aurdan Capital Management LLC acquired a new stake in shares of Service Co. International during the 4th quarter valued at about $4,069,000. Mackenzie Financial Corp acquired a new stake in shares of Service Co. International during the 4th quarter valued at about $1,212,000. GTS Securities LLC acquired a new stake in shares of Service Co. International during the 4th quarter valued at about $273,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Service Co. International by 2.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 628,011 shares of the company’s stock valued at $50,128,000 after acquiring an additional 15,945 shares during the period. Finally, Twinbeech Capital LP acquired a new stake in shares of Service Co. International during the 4th quarter valued at about $5,775,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SCI shares. StockNews.com lowered Service Co. International from a “hold” rating to a “sell” rating in a research note on Wednesday, February 26th. Oppenheimer raised their target price on Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.