Insider Selling: Service Corporation International (NYSE:SCI) CEO Sells $1,435,063.20 in Stock

Key Points

• Service Corporation International's CEO, Thomas Ryan, sold over $1.4 million worth of stock, resulting in a 1.75% decrease in his ownership.
• The company's stock traded down 2.0% to approximately $79.84, while its market cap stands at $11.20 billion.
• Service Corporation International announced a quarterly dividend of $0.32 per share, with a payout ratio of 34.69% and an annualized yield of 1.6%.

Service Corporation International (NYSE:SCI - Get Free Report) CEO Thomas Ryan sold 17,520 shares of the company's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $81.91, for a total transaction of $1,435,063.20. Following the completion of the sale, the chief executive officer directly owned 982,333 shares in the company, valued at $80,462,896.03. This represents a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Service Corporation International Stock Down 2.0%

NYSE:SCI traded down $1.6560 during mid-day trading on Monday, hitting $79.8440. 855,007 shares of the company's stock were exchanged, compared to its average volume of 1,151,941. Service Corporation International has a one year low of $71.75 and a one year high of $89.37. The company has a debt-to-equity ratio of 3.19, a current ratio of 0.61 and a quick ratio of 0.56. The business has a fifty day moving average price of $79.63 and a 200 day moving average price of $78.73. The company has a market cap of $11.20 billion, a PE ratio of 21.64, a P/E/G ratio of 1.98 and a beta of 0.90.

Service Corporation International (NYSE:SCI - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.04. Service Corporation International had a net margin of 12.60% and a return on equity of 32.84%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the firm earned $0.79 earnings per share. The business's revenue for the quarter was up 3.0% on a year-over-year basis. Service Corporation International has set its FY 2025 guidance at 3.700-4.00 EPS. Equities analysts predict that Service Corporation International will post 3.84 EPS for the current year.

Service Corporation International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.32 per share. The ex-dividend date is Monday, September 15th. This represents a $1.28 dividend on an annualized basis and a yield of 1.6%. Service Corporation International's payout ratio is presently 34.69%.

Analyst Ratings Changes

SCI has been the topic of a number of recent research reports. Oppenheimer increased their target price on Service Corporation International from $86.00 to $91.00 and gave the stock an "outperform" rating in a research note on Thursday. Raymond James Financial reissued an "outperform" rating and set a $90.00 price objective (up from $85.00) on shares of Service Corporation International in a research report on Monday, August 4th. Finally, UBS Group decreased their target price on shares of Service Corporation International from $90.00 to $88.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $90.25.

Institutional Trading of Service Corporation International

A number of large investors have recently made changes to their positions in the stock. Tranquility Partners LLC lifted its position in Service Corporation International by 1.7% during the first quarter. Tranquility Partners LLC now owns 8,060 shares of the company's stock valued at $646,000 after purchasing an additional 134 shares during the period. Proficio Capital Partners LLC raised its stake in Service Corporation International by 3.6% during the 1st quarter. Proficio Capital Partners LLC now owns 3,859 shares of the company's stock valued at $309,000 after buying an additional 135 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Service Corporation International by 12.2% during the 1st quarter. Fifth Third Bancorp now owns 1,426 shares of the company's stock valued at $114,000 after buying an additional 155 shares during the period. Brighton Jones LLC grew its holdings in shares of Service Corporation International by 3.1% in the first quarter. Brighton Jones LLC now owns 5,615 shares of the company's stock worth $450,000 after acquiring an additional 167 shares during the period. Finally, Avantax Advisory Services Inc. grew its holdings in shares of Service Corporation International by 3.4% in the first quarter. Avantax Advisory Services Inc. now owns 5,301 shares of the company's stock worth $425,000 after acquiring an additional 174 shares during the period. 85.53% of the stock is currently owned by institutional investors.

Service Corporation International Company Profile

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.

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