Service Co. International (NYSE:SCI) Director Sells $532,420.00 in Stock

Service Co. International (NYSE:SCI) Director Victor L. Lund sold 7,606 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $70.00, for a total value of $532,420.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Service Co. International Price Performance

Shares of SCI opened at $67.59 on Friday. Service Co. International has a 52 week low of $52.89 and a 52 week high of $75.97. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 2.90. The firm has a market cap of $9.90 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 1.89 and a beta of 0.81. The stock has a 50 day moving average of $72.21 and a 200-day moving average of $67.19.

Service Co. International (NYSE:SCI) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.04. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.02 billion. Service Co. International had a net margin of 12.73% and a return on equity of 32.23%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.93 earnings per share. As a group, analysts forecast that Service Co. International will post 3.65 EPS for the current year.

Service Co. International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $0.30 per share. This is a positive change from Service Co. International’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.20 annualized dividend and a yield of 1.78%. Service Co. International’s dividend payout ratio is 33.33%.

Wall Street Analyst Weigh In

SCI has been the subject of a number of recent analyst reports. Oppenheimer raised their price target on shares of Service Co. International from $71.00 to $76.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. UBS Group raised their price objective on shares of Service Co. International from $72.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $75.00.

Hedge Funds Weigh In On Service Co. International

Large investors have recently bought and sold shares of the business. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Service Co. International by 87.4% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 53,466 shares of the company’s stock valued at $3,055,000 after acquiring an additional 24,941 shares during the period. Boston Trust Walden Corp boosted its stake in Service Co. International by 3.2% during the 4th quarter. Boston Trust Walden Corp now owns 673,914 shares of the company’s stock valued at $46,129,000 after purchasing an additional 20,879 shares during the period. Comerica Bank bought a new position in Service Co. International in the 3rd quarter worth about $4,712,000. TIAA Trust National Association bought a new position in Service Co. International in the 3rd quarter worth about $344,000. Finally, Fifth Third Bancorp increased its stake in shares of Service Co. International by 45.4% in the third quarter. Fifth Third Bancorp now owns 1,224 shares of the company’s stock valued at $70,000 after purchasing an additional 382 shares during the period. Institutional investors own 85.53% of the company’s stock.

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.