Service Corporation International (NYSE:SCI) CAO Tammy Moore Sells 5,000 Shares

Service Corporation International (NYSE:SCI) CAO Tammy Moore sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $80.48, for a total transaction of $402,400.00. Following the completion of the transaction, the chief accounting officer owned 21,654 shares of the company’s stock, valued at $1,742,713.92. This trade represents a 18.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Service Corporation International Trading Down 1.3%

NYSE:SCI traded down $1.06 during trading hours on Wednesday, hitting $79.41. 467,890 shares of the stock were exchanged, compared to its average volume of 1,102,510. The company has a market capitalization of $11.13 billion, a P/E ratio of 20.90, a price-to-earnings-growth ratio of 1.74 and a beta of 0.99. 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 company’s 50 day moving average is $80.15 and its two-hundred day moving average is $80.27. Service Corporation International has a twelve month low of $71.75 and a twelve month high of $86.67.

Service Corporation International (NYSE:SCI) last released its earnings results on Wednesday, February 11th. The company reported $1.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.14. Service Corporation International had a return on equity of 34.21% and a net margin of 12.59%.The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the company posted $1.06 earnings per share. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. On average, sell-side analysts anticipate that Service Corporation International will post 3.84 earnings per share for the current fiscal year.

Institutional Trading of Service Corporation International

Institutional investors and hedge funds have recently modified their holdings of the stock. Brighton Jones LLC acquired a new stake in shares of Service Corporation International during the fourth quarter worth about $435,000. Royal Bank of Canada raised its holdings in Service Corporation International by 38.8% during the 1st quarter. Royal Bank of Canada now owns 121,883 shares of the company’s stock worth $9,775,000 after buying an additional 34,051 shares during the period. Goldman Sachs Group Inc. lifted its stake in Service Corporation International by 48.7% in the first quarter. Goldman Sachs Group Inc. now owns 417,387 shares of the company’s stock valued at $33,474,000 after buying an additional 136,770 shares in the last quarter. Focus Partners Wealth boosted its holdings in shares of Service Corporation International by 3.1% in the first quarter. Focus Partners Wealth now owns 10,571 shares of the company’s stock valued at $848,000 after buying an additional 321 shares during the period. Finally, Opus Capital Group LLC increased its position in shares of Service Corporation International by 10.6% during the second quarter. Opus Capital Group LLC now owns 70,654 shares of the company’s stock worth $5,751,000 after acquiring an additional 6,772 shares in the last quarter. 85.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. started coverage on shares of Service Corporation International in a research note on Tuesday, January 20th. They issued an “overweight” rating and a $110.00 target price on the stock. Weiss Ratings raised shares of Service Corporation International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 2nd. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, Service Corporation International 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.