Thomas L. Ryan Sells 50,000 Shares of Service Co. International (NYSE:SCI) Stock

Service Co. International (NYSE:SCI) CEO Thomas L. Ryan sold 50,000 shares of Service Co. International stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $86.11, for a total transaction of $4,305,500.00. Following the completion of the sale, the chief executive officer now owns 982,333 shares of the company’s stock, valued at approximately $84,588,694.63. This trade represents a 4.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Service Co. International Trading Up 1.3 %

Service Co. International stock opened at $87.24 on Friday. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.48 and a current ratio of 0.52. Service Co. International has a 1 year low of $60.60 and a 1 year high of $88.32. The firm’s 50-day moving average is $79.73 and its 200-day moving average is $75.72. The company has a market cap of $12.62 billion, a P/E ratio of 25.36, a PEG ratio of 2.52 and a beta of 0.83.

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

Service Co. International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.31 per share. This is an increase from Service Co. International’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Friday, December 13th. Service Co. International’s dividend payout ratio is presently 34.88%.

Institutional Investors Weigh In On Service Co. International

A number of hedge funds have recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC increased its holdings in shares of Service Co. International by 23.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 21,427 shares of the company’s stock worth $1,590,000 after acquiring an additional 4,009 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in shares of Service Co. International by 26.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 122,236 shares of the company’s stock valued at $9,073,000 after purchasing an additional 25,717 shares during the period. EntryPoint Capital LLC bought a new stake in shares of Service Co. International during the first quarter valued at approximately $65,000. Redwood Investment Management LLC acquired a new position in shares of Service Co. International during the first quarter worth approximately $1,509,000. Finally, Tidal Investments LLC acquired a new position in shares of Service Co. International during the first quarter worth approximately $917,000. 85.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SCI has been the subject of several recent analyst reports. StockNews.com lowered shares of Service Co. International from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Raymond James lifted their price target on Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Truist Financial upped their price objective on Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, November 1st. 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $85.25.

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.