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

Service Co. International (NYSE:SCI) CEO Thomas L. Ryan sold 50,000 shares of Service Co. International stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $84.56, for a total value of $4,228,000.00. Following the completion of the sale, the chief executive officer now directly owns 982,333 shares in the company, valued at $83,066,078.48. This represents a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Service Co. International Stock Performance

SCI stock opened at $78.45 on Thursday. The firm has a market cap of $11.31 billion, a P/E ratio of 22.10, a P/E/G ratio of 1.90 and a beta of 0.90. The stock’s 50 day simple moving average is $78.49 and its 200 day simple moving average is $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. Service Co. International has a 12-month low of $67.19 and a 12-month high of $89.37.

Service Co. International (NYSE:SCI) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. Service Co. International had a net margin of 12.39% and a return on equity of 32.18%. As a group, equities research analysts predict that Service Co. International will post 3.84 EPS for the current year.

Service Co. International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Service Co. International’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a yield of 1.63%. Service Co. International’s dividend payout ratio is currently 36.06%.

Wall Street Analyst Weigh In

A number of research firms have commented on SCI. Oppenheimer lifted their target price on 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 Service Co. International from a “hold” rating to a “sell” rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat, Service Co. International has a consensus rating of “Moderate Buy” and an average target price of $88.50.

Institutional Trading of Service Co. International

Several large investors have recently modified their holdings of SCI. SBI Securities Co. Ltd. bought a new stake in Service Co. International in the 4th quarter valued at $25,000. Quarry LP increased its position in shares of Service Co. International by 359.8% during the 4th quarter. Quarry LP now owns 469 shares of the company’s stock worth $37,000 after purchasing an additional 367 shares in the last quarter. Mizuho Bank Ltd. acquired a new stake in shares of Service Co. International during the 4th quarter worth about $40,000. Resona Asset Management Co. Ltd. acquired a new stake in shares of Service Co. International during the 4th quarter worth about $40,000. Finally, Vision Financial Markets LLC acquired a new stake in Service Co. International in the 4th quarter valued at about $52,000. 85.53% of the stock is owned by institutional investors.

Service Co. International Company Profile

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.