Service Co. International (NYSE:SCI) Director Sells $515,385.00 in Stock

Service Co. International (NYSE:SCI - Get Free Report) Director Tony Coelho sold 6,500 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $79.29, for a total value of $515,385.00. Following the completion of the sale, the director now directly owns 46,824 shares of the company's stock, valued at approximately $3,712,674.96. The trade was a 12.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Service Co. International Stock Performance

SCI traded down $2.77 on Tuesday, hitting $81.39. 626,293 shares of the stock traded hands, compared to its average volume of 1,244,024. The business has a fifty day moving average price of $78.51 and a two-hundred day moving average price of $80.14. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.83. The firm has a market capitalization of $11.74 billion, a PE ratio of 22.92, a P/E/G ratio of 1.90 and a beta of 0.90. Service Co. International has a 52 week low of $67.19 and a 52 week high of $89.37.

Service Co. International (NYSE:SCI - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.06 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.06. Service Co. International had a return on equity of 32.18% and a net margin of 12.39%. On average, research analysts predict that Service Co. International will post 3.84 EPS for the current fiscal year.

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Service Co. International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.57%. The ex-dividend date is Friday, March 14th. This is a positive change from Service Co. International's previous quarterly dividend of $0.31. Service Co. International's dividend payout ratio is 36.06%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SCI shares. Oppenheimer boosted their target price on Service Co. International from $86.00 to $92.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. StockNews.com cut shares of Service Co. International from a "hold" rating to a "sell" rating in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Service Co. International presently has a consensus rating of "Moderate Buy" and a consensus price target of $88.50.

Institutional Investors Weigh In On Service Co. International

Institutional investors have recently added to or reduced their stakes in the stock. Swedbank AB grew its position in Service Co. International by 1.9% in the third quarter. Swedbank AB now owns 2,900,020 shares of the company's stock valued at $228,899,000 after acquiring an additional 55,000 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Service Co. International by 5.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 8,824 shares of the company's stock worth $696,000 after purchasing an additional 419 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Service Co. International by 36.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 926 shares of the company's stock worth $73,000 after purchasing an additional 249 shares during the last quarter. QRG Capital Management Inc. increased its position in shares of Service Co. International by 4.2% during the 3rd quarter. QRG Capital Management Inc. now owns 5,396 shares of the company's stock worth $426,000 after purchasing an additional 217 shares in the last quarter. Finally, Blake Schutter Theil Wealth Advisors LLC bought a new stake in Service Co. International during the third quarter worth about $217,000. 85.53% of the stock is owned by institutional investors and hedge funds.

About Service Co. International

Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery segments. The Funeral segment offers services related to cremations, including the use of home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, memorialization, and catering.