Elisabeth G. Nash Sells 56,100 Shares of Service Co. International (NYSE:SCI) Stock

Service Co. International (NYSE:SCI) VP Elisabeth G. Nash sold 56,100 shares of Service Co. International stock in a transaction on Monday, November 18th. The shares were sold at an average price of $86.13, for a total transaction of $4,831,893.00. Following the completion of the sale, the vice president now directly owns 109,260 shares of the company’s stock, valued at approximately $9,410,563.80. The trade was a 33.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Service Co. International Stock Down 0.6 %

Shares of NYSE SCI opened at $85.40 on Thursday. The stock has a market cap of $12.35 billion, a PE ratio of 24.83, a PEG ratio of 2.51 and a beta of 0.83. Service Co. International has a 52-week low of $60.03 and a 52-week high of $88.32. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.48 and a current ratio of 0.52. The business has a fifty day moving average of $79.34 and a two-hundred day moving average of $75.44.

Service Co. International (NYSE:SCI) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, hitting analysts’ consensus estimates of $0.79. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.78 EPS. As a group, equities research analysts expect that Service Co. International will post 3.51 earnings per share for the current fiscal year.

Service Co. International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.31 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.45%. This is a positive change from Service Co. International’s previous quarterly dividend of $0.30. Service Co. International’s dividend payout ratio (DPR) is currently 34.88%.

Institutional Trading of Service Co. International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SCI. M&T Bank Corp boosted its holdings in Service Co. International by 1.1% during the third quarter. M&T Bank Corp now owns 11,248 shares of the company’s stock worth $888,000 after buying an additional 123 shares during the last quarter. Inspire Investing LLC boosted its stake in Service Co. International by 3.1% during the 2nd quarter. Inspire Investing LLC now owns 4,969 shares of the company’s stock worth $353,000 after acquiring an additional 148 shares during the last quarter. Fifth Third Bancorp grew its holdings in Service Co. International by 14.0% during the second quarter. Fifth Third Bancorp now owns 1,226 shares of the company’s stock valued at $87,000 after purchasing an additional 151 shares during the period. UMB Bank n.a. increased its stake in Service Co. International by 7.8% in the third quarter. UMB Bank n.a. now owns 2,167 shares of the company’s stock valued at $171,000 after purchasing an additional 156 shares in the last quarter. Finally, Larson Financial Group LLC boosted its position in shares of Service Co. International by 5.6% during the second quarter. Larson Financial Group LLC now owns 3,020 shares of the company’s stock worth $215,000 after purchasing an additional 159 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SCI has been the topic of several recent analyst reports. Raymond James lifted their target price on shares of Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Truist Financial raised their price objective 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. Finally, StockNews.com downgraded shares of Service Co. International from a “hold” rating to a “sell” rating in a report on Friday, November 8th. One investment 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, Service Co. International has an average rating of “Moderate Buy” and an average price target of $85.25.

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.