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 the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $86.11, for a total value of $4,305,500.00. Following the completion of the transaction, the chief executive officer now owns 982,333 shares of the company’s stock, valued at $84,588,694.63. The trade was a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Service Co. International Stock Up 1.3 %

Shares of NYSE:SCI opened at $87.24 on Friday. The stock has a 50-day simple moving average of $79.73 and a 200-day simple moving average of $75.72. The stock has a market capitalization 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 has a 1 year low of $60.60 and a 1 year high of $88.32. 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 (NYSE:SCI) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.79. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.78 earnings per share. Equities analysts forecast 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. Shareholders of record on Friday, December 13th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Friday, December 13th. This is a boost from Service Co. International’s previous quarterly dividend of $0.30. Service Co. International’s payout ratio is currently 34.88%.

Analyst Ratings Changes

A number of research firms have recently commented on SCI. StockNews.com downgraded shares of Service Co. International from a “hold” rating to a “sell” rating in a research note on Friday, November 8th. Raymond James upped their price target on shares of Service Co. International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Truist Financial lifted their price target on shares of Service Co. International from $84.00 to $92.00 and gave the company a “buy” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $85.25.

Institutional Investors Weigh In On Service Co. International

A number of large investors have recently modified their holdings of SCI. nVerses Capital LLC boosted its holdings in Service Co. International by 100.0% in the 2nd quarter. nVerses Capital LLC now owns 400 shares of the company’s stock worth $28,000 after acquiring an additional 200 shares during the period. Blue Trust Inc. boosted its stake in shares of Service Co. International by 121.9% in the second quarter. Blue Trust Inc. now owns 708 shares of the company’s stock valued at $53,000 after purchasing an additional 389 shares during the period. Quarry LP grew its holdings in Service Co. International by 258.6% during the 2nd quarter. Quarry LP now owns 789 shares of the company’s stock valued at $56,000 after purchasing an additional 569 shares in the last quarter. Waldron Private Wealth LLC purchased a new stake in Service Co. International during the 3rd quarter worth $57,000. Finally, EntryPoint Capital LLC acquired a new position in Service Co. International in the 1st quarter worth $65,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

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.