Service Co. International (NYSE:SCI - Get Free Report) was up 4% during mid-day trading on Monday . The stock traded as high as $83.68 and last traded at $84.10. Approximately 237,586 shares changed hands during trading, a decline of 80% from the average daily volume of 1,202,007 shares. The stock had previously closed at $80.86.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on SCI. Oppenheimer raised their target price on shares of Service Co. International from $86.00 to $92.00 and gave the company an "outperform" rating in a research report on Friday, December 13th. StockNews.com downgraded shares of Service Co. International from a "hold" rating to a "sell" rating in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating and four have assigned 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 a consensus price target of $88.50.
Get Our Latest Stock Analysis on SCI
Service Co. International Price Performance
The stock has a market capitalization of $11.55 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 1.90 and a beta of 0.90. The business's fifty day moving average price is $78.52 and its 200-day moving average price is $80.15. The company has a debt-to-equity ratio of 2.83, a current ratio of 0.52 and a quick ratio of 0.48.
Service Co. International (NYSE:SCI - Get Free Report) last issued 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 net margin of 12.39% and a return on equity of 32.18%. On average, research analysts forecast that Service Co. International will post 3.84 EPS for the current year.
Service Co. International Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.60%. This is a boost from Service Co. International's previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Friday, March 14th. Service Co. International's payout ratio is presently 36.06%.
Insider Activity
In other news, Director Tony Coelho sold 6,500 shares of the company's stock in a transaction 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 owns 46,824 shares of the company's stock, valued at approximately $3,712,674.96. This represents a 12.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.10% of the company's stock.
Institutional Investors Weigh In On Service Co. International
Institutional investors and hedge funds have recently modified their holdings of the stock. M&T Bank Corp lifted its position in Service Co. International by 1.1% during the 3rd quarter. M&T Bank Corp now owns 11,248 shares of the company's stock valued at $888,000 after acquiring an additional 123 shares during the period. Cornerstone Investment Partners LLC grew its position in Service Co. International by 3.8% during the fourth quarter. Cornerstone Investment Partners LLC now owns 3,587 shares of the company's stock valued at $286,000 after buying an additional 131 shares during the period. CIBC Asset Management Inc grew its position in Service Co. International by 2.7% during the fourth quarter. CIBC Asset Management Inc now owns 5,167 shares of the company's stock valued at $412,000 after buying an additional 138 shares during the period. Mercer Global Advisors Inc. ADV boosted its position in shares of Service Co. International by 5.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 3,729 shares of the company's stock worth $298,000 after purchasing an additional 183 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of Service Co. International by 5.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,438 shares of the company's stock worth $354,000 after purchasing an additional 212 shares during the period. 85.53% of the stock is owned by hedge funds and other institutional investors.
About Service Co. International
(
Get Free Report)
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.
Further Reading
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