Service Co. International (NYSE:SCI - Get Free Report) Director Tony Coelho sold 2,555 shares of the firm's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $85.64, for a total value of $218,810.20. Following the sale, the director now owns 53,324 shares in the company, valued at $4,566,667.36. The trade was a 4.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Service Co. International Stock Up 1.3 %
Shares of NYSE:SCI opened at $87.24 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 2.91. Service Co. International has a 12 month low of $60.60 and a 12 month high of $88.32. The company has a 50-day moving average price of $79.73 and a 200 day moving average price of $75.72. The company has a market cap of $12.62 billion, a price-to-earnings ratio of 25.36, a PEG ratio of 2.52 and a beta of 0.83.
Service Co. International (NYSE:SCI - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, hitting analysts' consensus estimates of $0.79. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.02 billion. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. The company's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company posted $0.78 earnings per share. As a group, equities research analysts predict that Service Co. International will post 3.51 earnings per share for the current year.
Service Co. International Increases Dividend
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The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.31 dividend. This is a positive change from Service Co. International's previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a yield of 1.42%. The ex-dividend date is Friday, December 13th. Service Co. International's payout ratio is currently 34.88%.
Hedge Funds Weigh In On Service Co. International
Institutional investors and hedge funds have recently bought and sold shares of the company. nVerses Capital LLC grew its holdings in Service Co. International by 100.0% in the second quarter. nVerses Capital LLC now owns 400 shares of the company's stock worth $28,000 after purchasing an additional 200 shares during the last quarter. Blue Trust Inc. grew its holdings in Service Co. International by 121.9% in the second quarter. Blue Trust Inc. now owns 708 shares of the company's stock worth $53,000 after purchasing an additional 389 shares during the last quarter. Waldron Private Wealth LLC purchased a new position in Service Co. International in the third quarter worth $57,000. Quarry LP lifted its stake in shares of Service Co. International by 258.6% during the second quarter. Quarry LP now owns 789 shares of the company's stock worth $56,000 after buying an additional 569 shares during the period. Finally, EntryPoint Capital LLC acquired a new stake in shares of Service Co. International during the first quarter worth $65,000. 85.53% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on SCI shares. Raymond James raised their target price on Service Co. International from $80.00 to $85.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Truist Financial raised their target price on Service Co. International from $84.00 to $92.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Finally, StockNews.com cut Service Co. International from a "hold" rating to a "sell" rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $85.25.
Get Our Latest Stock Report on SCI
About Service Co. International
(
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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.
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