Service Corporation International (NYSE:SCI) Director W Blair Waltrip sold 2,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $35.07, for a total transaction of $70,140.00. Following the sale, the director now owns 661,409 shares in the company, valued at $23,195,613.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Service Corporation International (NYSE:SCI) traded down 0.82% during midday trading on Friday, hitting $35.03. 993,914 shares of the company were exchanged. The firm’s 50 day moving average price is $35.13 and its 200 day moving average price is $32.75. The firm has a market capitalization of $6.56 billion, a price-to-earnings ratio of 18.99 and a beta of 0.93. Service Corporation International has a one year low of $24.90 and a one year high of $35.89.

Service Corporation International (NYSE:SCI) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.05. Service Corporation International had a net margin of 11.59% and a return on equity of 24.67%. The company had revenue of $773.20 million for the quarter, compared to analyst estimates of $769.57 million. During the same period in the prior year, the firm posted $0.28 EPS. The company’s quarterly revenue was up 2.9% on a year-over-year basis. Analysts forecast that Service Corporation International will post $1.47 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Thursday, September 14th. Service Corporation International’s dividend payout ratio is presently 32.43%.

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A number of equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Service Corporation International from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Tuesday. BidaskClub upgraded shares of Service Corporation International from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 19th. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $37.00 price objective (up from $34.00) on shares of Service Corporation International in a report on Friday, July 21st. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Service Corporation International has a consensus rating of “Buy” and an average price target of $37.00.

A number of hedge funds and other institutional investors have recently modified their holdings of SCI. Glen Harbor Capital Management LLC boosted its stake in Service Corporation International by 11.1% during the first quarter. Glen Harbor Capital Management LLC now owns 6,064 shares of the company’s stock worth $187,000 after acquiring an additional 608 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Service Corporation International by 5.0% during the first quarter. Russell Investments Group Ltd. now owns 49,147 shares of the company’s stock worth $1,518,000 after acquiring an additional 2,337 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in Service Corporation International by 13.9% during the first quarter. Canada Pension Plan Investment Board now owns 8,200 shares of the company’s stock worth $253,000 after acquiring an additional 1,000 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in Service Corporation International by 8.3% during the first quarter. Great West Life Assurance Co. Can now owns 141,324 shares of the company’s stock worth $4,361,000 after acquiring an additional 10,847 shares in the last quarter. Finally, Chicago Equity Partners LLC bought a new position in Service Corporation International during the first quarter worth $364,000. 84.83% of the stock is currently owned by institutional investors and hedge funds.

Service Corporation International Company Profile

Service Corporation International is a provider of deathcare products and services, with a network of funeral service locations and cemeteries. The Company’s segments include Funeral, Cemetery and Corporate. It conducts both funeral and cemetery operations in the United States and Canada. As December 31, 2016, it operated 1,502 funeral service locations and 470 cemeteries, including 281 funeral service/cemetery combination locations, which are geographically diversified across 45 states, eight Canadian provinces, the District of Columbia, and Puerto Rico.

Insider Buying and Selling by Quarter for Service Corporation International (NYSE:SCI)

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