Insider Selling: Service Co. International (NYSE:SCI) Director Sells $218,810.20 in Stock

Service Co. International (NYSE:SCI) Director Tony Coelho sold 2,555 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $85.64, for a total value of $218,810.20. Following the transaction, the director now directly owns 53,324 shares of the company’s stock, valued at $4,566,667.36. This represents a 4.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Service Co. International Price Performance

Shares of SCI stock opened at $87.24 on Monday. Service Co. International has a 12 month low of $60.60 and a 12 month high of $88.32. The company has a market capitalization of $12.62 billion, a P/E ratio of 25.36, a P/E/G ratio of 2.55 and a beta of 0.83. The stock has a 50 day moving average of $79.73 and a two-hundred day moving average of $75.77. 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 (NYSE:SCI) last issued its earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Service Co. International had a return on equity of 31.84% and a net margin of 12.19%. Service Co. International’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business earned $0.78 earnings per share. As a group, equities analysts expect that Service Co. International will post 3.51 EPS for the current year.

Service Co. International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.31 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.24 dividend on an annualized basis and a yield of 1.42%. This is a boost from Service Co. International’s previous quarterly dividend of $0.30. Service Co. International’s payout ratio is presently 34.88%.

Analyst Upgrades and Downgrades

SCI has been the topic of several recent analyst reports. StockNews.com downgraded Service Co. International from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. Truist Financial boosted their target price on shares of Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Raymond James raised their price target on shares of Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $85.25.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC grew its stake in shares of 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 purchasing an additional 4,009 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in Service Co. International by 26.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 122,236 shares of the company’s stock worth $9,073,000 after acquiring an additional 25,717 shares in the last quarter. EntryPoint Capital LLC bought a new position in shares of Service Co. International during the first quarter valued at $65,000. Redwood Investment Management LLC acquired a new stake in shares of Service Co. International in the 1st quarter valued at $1,509,000. Finally, Tidal Investments LLC bought a new stake in shares of Service Co. International in the 1st quarter worth about $917,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Service Co. International Company Profile

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.