Insider Selling: Service Corporation International (NYSE:SCI) VP Sells $3,235,968.00 in Stock

Service Corporation International (NYSE:SCI) VP Elisabeth Nash sold 42,400 shares of the business’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $76.32, for a total transaction of $3,235,968.00. Following the completion of the transaction, the vice president directly owned 110,006 shares of the company’s stock, valued at approximately $8,395,657.92. This represents a 27.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Service Corporation International Price Performance

Shares of SCI traded up $1.69 during mid-day trading on Monday, hitting $77.59. 260,317 shares of the company traded hands, compared to its average volume of 1,089,729. The company has a current ratio of 0.56, a quick ratio of 0.52 and a debt-to-equity ratio of 3.17. The stock has a market capitalization of $10.88 billion, a price-to-earnings ratio of 20.87, a PEG ratio of 1.83 and a beta of 0.98. The business has a 50-day moving average of $80.74 and a 200 day moving average of $79.87. Service Corporation International has a one year low of $71.75 and a one year high of $86.83.

Service Corporation International (NYSE:SCI) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. Service Corporation International had a return on equity of 33.60% and a net margin of 12.46%.The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the company earned $0.79 EPS. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. Service Corporation International has set its FY 2025 guidance at 3.800-3.90 EPS. As a group, equities analysts expect that Service Corporation International will post 3.84 earnings per share for the current fiscal year.

Service Corporation International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, December 15th. Service Corporation International’s dividend payout ratio is currently 34.50%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SCI. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Service Corporation International in a report on Monday, December 1st. Oppenheimer lifted their price objective on Service Corporation International from $86.00 to $91.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Finally, UBS Group upped their price objective on Service Corporation International from $88.00 to $95.00 and gave the company a “buy” rating in a report on Monday, October 13th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $92.00.

Hedge Funds Weigh In On Service Corporation International

Several institutional investors have recently modified their holdings of the business. Deutsche Bank AG grew its stake in Service Corporation International by 0.9% in the first quarter. Deutsche Bank AG now owns 1,024,608 shares of the company’s stock valued at $82,174,000 after purchasing an additional 9,342 shares in the last quarter. Boston Trust Walden Corp boosted its holdings in shares of Service Corporation International by 1.6% in the 2nd quarter. Boston Trust Walden Corp now owns 622,373 shares of the company’s stock valued at $50,661,000 after buying an additional 9,821 shares during the last quarter. Campbell & CO Investment Adviser LLC grew its stake in shares of Service Corporation International by 28.1% in the second quarter. Campbell & CO Investment Adviser LLC now owns 33,193 shares of the company’s stock valued at $2,702,000 after buying an additional 7,273 shares in the last quarter. Focus Partners Advisor Solutions LLC bought a new stake in Service Corporation International during the first quarter worth $281,000. Finally, Perbak Capital Partners LLP bought a new position in Service Corporation International during the first quarter worth about $328,000. Institutional investors own 85.53% of the company’s stock.

About Service Corporation International

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.