Service Co. International (NYSE:SCI) Sets New 12-Month High – Time to Buy?

Service Co. International (NYSE:SCIGet Free Report)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $81.40 and last traded at $80.66, with a volume of 188873 shares changing hands. The stock had previously closed at $76.21.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Service Co. International from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st.

View Our Latest Report on SCI

Service Co. International Price Performance

The business has a 50-day moving average price of $77.46 and a 200 day moving average price of $73.97. The company has a market cap of $11.54 billion, a price-to-earnings ratio of 21.89, a P/E/G ratio of 2.17 and a beta of 0.84. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 3.05.

Service Co. International (NYSE:SCIGet Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.79. Service Co. International had a net margin of 12.32% and a return on equity of 32.07%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the business earned $0.78 EPS. The company’s revenue was up 1.2% on a year-over-year basis. As a group, research analysts expect that Service Co. International will post 3.52 earnings per share for the current fiscal year.

Service Co. International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.51%. The ex-dividend date was Friday, September 13th. Service Co. International’s dividend payout ratio (DPR) is currently 34.48%.

Insider Buying and Selling at Service Co. International

In other Service Co. International news, CEO Thomas L. Ryan sold 80,638 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $73.97, for a total transaction of $5,964,792.86. Following the sale, the chief executive officer now directly owns 988,365 shares of the company’s stock, valued at $73,109,359.05. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Ellen Ochoa sold 2,642 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total value of $201,875.22. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Thomas L. Ryan sold 80,638 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $73.97, for a total transaction of $5,964,792.86. Following the completion of the transaction, the chief executive officer now directly owns 988,365 shares in the company, valued at $73,109,359.05. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Service Co. International

Large investors have recently bought and sold shares of the business. nVerses Capital LLC boosted its holdings in Service Co. International by 100.0% in the second quarter. nVerses Capital LLC now owns 400 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares in the last quarter. Whittier Trust Co. boosted its holdings in Service Co. International by 406.5% in the first quarter. Whittier Trust Co. now owns 542 shares of the company’s stock worth $40,000 after purchasing an additional 435 shares in the last quarter. Blue Trust Inc. boosted its holdings in Service Co. International by 121.9% in the second quarter. Blue Trust Inc. now owns 708 shares of the company’s stock worth $53,000 after purchasing an additional 389 shares in the last quarter. Waldron Private Wealth LLC bought a new stake in Service Co. International in the third quarter worth $57,000. Finally, Quarry LP boosted its holdings 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 purchasing an additional 569 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors.

Service Co. International Company Profile

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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.

Further Reading

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