Service Corporation International (NYSE:SCI) Director Tony Coelho Sells 7,700 Shares of Stock

Service Corporation International (NYSE:SCI) Director Tony Coelho sold 7,700 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $79.87, for a total transaction of $614,999.00. Following the sale, the director directly owned 28,388 shares of the company’s stock, valued at $2,267,349.56. This represents a 21.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Service Corporation International Trading Down 0.1%

Service Corporation International stock traded down $0.11 during mid-day trading on Thursday, hitting $79.26. 17,621 shares of the stock were exchanged, compared to its average volume of 1,118,751. The stock has a market capitalization of $11.03 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 1.75 and a beta of 1.00. Service Corporation International has a 12 month low of $71.75 and a 12 month high of $86.67. The company has a quick ratio of 0.50, a current ratio of 0.55 and a debt-to-equity ratio of 3.10. The firm’s fifty day simple moving average is $81.18 and its two-hundred day simple moving average is $80.39.

Service Corporation International (NYSE:SCI) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $1.14 EPS for the quarter, meeting analysts’ consensus estimates of $1.14. Service Corporation International had a net margin of 12.59% and a return on equity of 34.21%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the firm posted $1.06 EPS. The company’s quarterly revenue was up 1.7% on a year-over-year basis. Analysts forecast that Service Corporation International will post 3.84 EPS for the current year.

Service Corporation International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.7%. This is an increase from Service Corporation International’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, March 13th. Service Corporation International’s payout ratio is currently 35.79%.

Institutional Investors Weigh In On Service Corporation International

Several hedge funds and other institutional investors have recently modified their holdings of SCI. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Service Corporation International by 8.4% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 381,200 shares of the company’s stock worth $31,723,000 after purchasing an additional 29,478 shares in the last quarter. Brighton Jones LLC acquired a new stake in Service Corporation International in the 4th quarter valued at $435,000. Tobam increased its stake in Service Corporation International by 354.8% during the 2nd quarter. Tobam now owns 17,915 shares of the company’s stock valued at $1,458,000 after purchasing an additional 13,976 shares in the last quarter. Marshall Wace LLP raised its holdings in Service Corporation International by 1,629.2% during the second quarter. Marshall Wace LLP now owns 416,571 shares of the company’s stock worth $33,909,000 after buying an additional 392,480 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in Service Corporation International by 3.0% during the third quarter. Rhumbline Advisers now owns 394,961 shares of the company’s stock worth $32,869,000 after buying an additional 11,484 shares during the last quarter. Institutional investors own 85.53% of the company’s stock.

Analyst Ratings Changes

SCI has been the subject of several research analyst reports. Weiss Ratings raised Service Corporation International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 2nd. JPMorgan Chase & Co. began coverage on Service Corporation International in a research report on Tuesday, January 20th. They set an “overweight” rating and a $110.00 target price on the stock. Finally, Wall Street Zen cut Service Corporation International from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $96.50.

Service Corporation International Company Profile

Service Corporation International (NYSE: SCI) is a leading provider of funeral, cremation and cemetery services in North America. Through its network of funeral homes, cemeteries, memorial parks and crematoria, the company offers a broad array of end-of-life services, including traditional funeral ceremonies, memorialization, burial and cremation. In addition to core services, SCI provides grief counseling, pre-need planning and merchandise such as caskets, vaults, urns and memorialization products.

Headquartered in Houston, Texas, Service Corporation International operates more than 1,900 funeral homes, over 450 cemeteries and 40 combination facilities across the United States and Canada.