Service Co. International (NYSE:SCI) VP Elisabeth G. Nash Sells 56,100 Shares of 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 stock was sold at an average price of $86.13, for a total transaction of $4,831,893.00. Following the sale, the vice president now directly owns 109,260 shares of the company’s stock, valued at approximately $9,410,563.80. This trade represents a 33.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Service Co. International Price Performance

Shares of NYSE:SCI opened at $85.40 on Thursday. 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 stock has a market cap of $12.35 billion, a PE ratio of 24.83, a price-to-earnings-growth ratio of 2.51 and a beta of 0.83. Service Co. International has a one year low of $60.03 and a one year high of $88.32. The business’s fifty day moving average price is $79.34 and its two-hundred day moving average price is $75.44.

Service Co. International (NYSE:SCI) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.79. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the firm posted $0.78 EPS. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. On average, analysts forecast that Service Co. International will post 3.51 EPS for the current fiscal year.

Service Co. International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.31 per share. 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 1.45%. The ex-dividend date of this dividend is Friday, December 13th. Service Co. International’s dividend payout ratio is currently 34.88%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SCI. Raymond James upped their target price on Service Co. International from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. StockNews.com downgraded Service Co. International from a “hold” rating to a “sell” rating in a research note on Friday, November 8th. Finally, Truist Financial boosted their price objective on shares of Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat, Service Co. International has a consensus rating of “Moderate Buy” and a consensus target price of $85.25.

Institutional Trading of Service Co. International

Several institutional investors have recently added to or reduced their stakes in the business. nVerses Capital LLC lifted its stake in Service Co. International by 100.0% in the second quarter. nVerses Capital LLC now owns 400 shares of the company’s stock valued at $28,000 after buying an additional 200 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Service Co. International by 121.9% in the 2nd quarter. Blue Trust Inc. now owns 708 shares of the company’s stock worth $53,000 after buying an additional 389 shares in the last quarter. Quarry LP raised its position in Service Co. International by 258.6% in the second quarter. Quarry LP now owns 789 shares of the company’s stock worth $56,000 after acquiring an additional 569 shares in the last quarter. Waldron Private Wealth LLC acquired a new position in shares of Service Co. International in the 3rd quarter worth approximately $57,000. Finally, EntryPoint Capital LLC purchased a new position in Service Co. International in the 1st quarter worth about $65,000. 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.