Tony Coelho Sells 2,555 Shares of Service Co. International (NYSE:SCI) Stock

Service Co. International (NYSE:SCI) Director Tony Coelho sold 2,555 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $85.64, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Service Co. International Stock Performance

NYSE SCI opened at $87.24 on Friday. The business has a 50 day moving average price of $79.73 and a 200 day moving average price of $75.72. The company has a market capitalization of $12.62 billion, a P/E ratio of 25.36, a PEG ratio of 2.52 and a beta of 0.83. Service Co. International has a 1-year low of $60.60 and a 1-year high of $88.32. The company has a debt-to-equity ratio of 2.91, a current ratio of 0.52 and a quick ratio of 0.48.

Service Co. International (NYSE:SCI) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.79. Service Co. International had a return on equity of 31.84% and a net margin of 12.19%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the business posted $0.78 earnings per share. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. Sell-side analysts expect that Service Co. International will post 3.51 EPS for the current fiscal year.

Service Co. International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.31 dividend. The ex-dividend date of this dividend is Friday, December 13th. This is a positive change from Service Co. International’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 1.42%. Service Co. International’s dividend payout ratio is currently 34.88%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SCI. Raymond James increased their target price on Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. 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, StockNews.com cut shares of Service Co. International from a “hold” rating to a “sell” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.25.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SCI. nVerses Capital LLC increased its position in Service Co. International by 100.0% during the second quarter. nVerses Capital LLC now owns 400 shares of the company’s stock worth $28,000 after buying an additional 200 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Service Co. International by 121.9% during the second quarter. Blue Trust Inc. now owns 708 shares of the company’s stock valued at $53,000 after acquiring an additional 389 shares during the last quarter. Quarry LP increased its position in Service Co. International by 258.6% during the 2nd quarter. Quarry LP now owns 789 shares of the company’s stock worth $56,000 after purchasing an additional 569 shares in the last quarter. Waldron Private Wealth LLC acquired a new position in Service Co. International in the 3rd quarter valued at about $57,000. Finally, EntryPoint Capital LLC acquired a new stake in Service Co. International during the first quarter worth approximately $65,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

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.