Service Co. International (NYSE:SCI) Director Tony Coelho Sells 6,500 Shares

Service Co. International (NYSE:SCI) Director Tony Coelho sold 6,500 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $79.29, for a total value of $515,385.00. Following the completion of the sale, the director now directly owns 46,824 shares in the company, valued at $3,712,674.96. This trade represents a 12.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Service Co. International Stock Performance

NYSE SCI opened at $80.94 on Monday. The business’s 50-day moving average price is $78.42 and its 200 day moving average price is $80.08. Service Co. International has a twelve month low of $67.19 and a twelve month high of $89.37. The company has a market capitalization of $11.67 billion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 1.90 and a beta of 0.90. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.83.

Service Co. International (NYSE:SCI) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.06 EPS for the quarter, hitting 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, research analysts predict that Service Co. International will post 3.84 earnings per share for the current year.

Service Co. International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.32 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.58%. 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 36.06%.

Institutional Investors Weigh In On Service Co. International

A number of large investors have recently modified their holdings of SCI. SBI Securities Co. Ltd. acquired a new stake in shares of Service Co. International in the fourth quarter valued at about $25,000. Quarry LP grew its stake in Service Co. International by 359.8% during the 4th quarter. Quarry LP now owns 469 shares of the company’s stock valued at $37,000 after purchasing an additional 367 shares in the last quarter. Mizuho Bank Ltd. acquired a new stake in Service Co. International during the 4th quarter valued at approximately $40,000. Resona Asset Management Co. Ltd. acquired a new stake in Service Co. International during the 4th quarter valued at approximately $40,000. Finally, Vision Financial Markets LLC bought a new position in Service Co. International during the 4th quarter worth approximately $52,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Analyst Ratings Changes

SCI has been the topic of several recent research reports. Oppenheimer upped their price objective on Service Co. International from $86.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. StockNews.com downgraded Service Co. International from a “hold” rating to a “sell” rating in a research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat, Service Co. International currently has an average rating of “Moderate Buy” and an average price target of $88.50.

Service Co. International Company Profile

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.