Service Co. International (NYSE:SCI) CEO Thomas L. Ryan sold 90,000 shares of the business’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $41.20, for a total value of $3,708,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of SCI opened at $41.63 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.51 and a debt-to-equity ratio of 2.37. Service Co. International has a 12-month low of $33.16 and a 12-month high of $42.00. The firm has a market cap of $7.27 billion, a PE ratio of 26.95, a PEG ratio of 1.75 and a beta of 0.97.

Service Co. International (NYSE:SCI) last issued its quarterly earnings results on Monday, July 30th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. Service Co. International had a return on equity of 23.37% and a net margin of 15.59%. The business had revenue of $796.09 million for the quarter, compared to analyst estimates of $792.56 million. During the same quarter in the prior year, the firm posted $0.35 earnings per share. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. research analysts anticipate that Service Co. International will post 1.85 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Thursday, September 13th. This is a positive change from Service Co. International’s previous quarterly dividend of $0.17. Service Co. International’s dividend payout ratio is 43.87%.

Several institutional investors and hedge funds have recently modified their holdings of SCI. The Manufacturers Life Insurance Company lifted its stake in shares of Service Co. International by 119.9% during the first quarter. The Manufacturers Life Insurance Company now owns 1,491,245 shares of the company’s stock valued at $56,280,000 after acquiring an additional 813,044 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Service Co. International by 3,875.6% during the second quarter. PNC Financial Services Group Inc. now owns 529,192 shares of the company’s stock valued at $18,940,000 after acquiring an additional 515,881 shares during the period. BlackRock Inc. lifted its stake in shares of Service Co. International by 3.0% during the second quarter. BlackRock Inc. now owns 17,373,394 shares of the company’s stock valued at $621,792,000 after acquiring an additional 499,259 shares during the period. State of Wisconsin Investment Board lifted its stake in shares of Service Co. International by 76.9% during the first quarter. State of Wisconsin Investment Board now owns 975,401 shares of the company’s stock valued at $36,812,000 after acquiring an additional 423,962 shares during the period. Finally, Handelsbanken Fonder AB lifted its stake in shares of Service Co. International by 15.6% during the first quarter. Handelsbanken Fonder AB now owns 2,451,000 shares of the company’s stock valued at $92,501,000 after acquiring an additional 330,000 shares during the period. 87.65% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have commented on SCI. Zacks Investment Research raised Service Co. International from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Thursday, August 2nd. ValuEngine lowered Service Co. International from a “buy” rating to a “hold” rating in a research note on Friday, April 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $44.20.

Service Co. International Company Profile

Service Corporation International provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses.

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Insider Buying and Selling by Quarter for Service Co. International (NYSE:SCI)

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