Service Co. International (NYSE:SCI) Reaches New 52-Week High at $80.51

Service Co. International (NYSE:SCI) reached a new 52-week high during trading on Monday . The company traded as high as $80.51 and last traded at $80.10, with a volume of 63110 shares. The stock had previously closed at $79.89.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Oppenheimer raised their price target on Service Co. International from $76.00 to $79.00 and gave the company an “outperform” rating in a report on Wednesday, May 22nd. Truist Financial raised their price objective on shares of Service Co. International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, June 21st. Finally, StockNews.com downgraded shares of Service Co. International from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Service Co. International currently has an average rating of “Moderate Buy” and an average price target of $77.60.

Service Co. International Stock Performance

The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 3.05. The stock has a market capitalization of $11.57 billion, a P/E ratio of 22.98, a P/E/G ratio of 2.30 and a beta of 0.84. The business has a fifty day moving average price of $75.79 and a 200-day moving average price of $73.09.

Service Co. International (NYSE:SCI) last issued its earnings results on Wednesday, July 31st. The company reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.07). The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Service Co. International had a return on equity of 32.07% and a net margin of 12.32%. Service Co. International’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the firm posted $0.83 EPS. On average, sell-side analysts expect that Service Co. International will post 3.52 EPS for the current year.

Service Co. International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Friday, September 13th. Service Co. International’s dividend payout ratio is currently 34.48%.

Insiders Place Their Bets

In other news, Director Ellen Ochoa sold 2,642 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total transaction of $201,875.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Ellen Ochoa sold 2,642 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total transaction of $201,875.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Thomas L. Ryan sold 80,638 shares of the firm’s stock in a transaction that occurred 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 approximately $73,109,359.05. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Service Co. International

A number of hedge funds have recently modified their holdings of SCI. Inspire Investing LLC increased its holdings in Service Co. International by 3.1% in the 2nd quarter. Inspire Investing LLC now owns 4,969 shares of the company’s stock worth $353,000 after acquiring an additional 148 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Service Co. International by 14.0% in the second quarter. Fifth Third Bancorp now owns 1,226 shares of the company’s stock worth $87,000 after purchasing an additional 151 shares during the period. Larson Financial Group LLC increased its stake in shares of Service Co. International by 5.6% in the second quarter. Larson Financial Group LLC now owns 3,020 shares of the company’s stock worth $215,000 after purchasing an additional 159 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Service Co. International by 3.8% during the 4th quarter. Parallel Advisors LLC now owns 4,515 shares of the company’s stock valued at $309,000 after purchasing an additional 165 shares during the period. Finally, HB Wealth Management LLC lifted its stake in shares of Service Co. International by 3.5% during the 2nd quarter. HB Wealth Management LLC now owns 4,894 shares of the company’s stock valued at $348,000 after buying an additional 165 shares in the last quarter. Institutional investors own 85.53% of the company’s stock.

Service Co. International Company Profile

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.