Insider Selling: Service Corporation International (NYSE:SCI) President Sells 56,100 Shares of Stock

Key Points

• Service Corporation International President, Sumner J. Waring III, sold 56,100 shares at an average price of $76.57, resulting in a total transaction value of about $4.3 million and a 15.97% decrease in ownership.
• The company's stock recently traded at $78.49, with a market cap of $11.17 billion, and a price-to-earnings ratio of 21.27.
• Service Corporation International reported $0.88 EPS for the last quarter, beating estimates, and announced a quarterly dividend of $0.32 per share, yielding 1.6%.

Service Corporation International (NYSE:SCI - Get Free Report) President Sumner J. Waring III sold 56,100 shares of Service Corporation International stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $76.57, for a total transaction of $4,295,577.00. Following the completion of the transaction, the president directly owned 295,192 shares of the company's stock, valued at $22,602,851.44. This trade represents a 15.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Service Corporation International Stock Performance

Service Corporation International stock traded up $0.66 during midday trading on Monday, reaching $78.49. 455,506 shares of the stock traded hands, compared to its average volume of 1,181,432. The company has a current ratio of 0.61, a quick ratio of 0.56 and a debt-to-equity ratio of 3.19. The firm has a fifty day moving average price of $79.02 and a two-hundred day moving average price of $78.49. The firm has a market cap of $11.17 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 1.90 and a beta of 0.90. Service Corporation International has a fifty-two week low of $70.46 and a fifty-two week high of $89.37.

Service Corporation International (NYSE:SCI - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.04. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. Service Corporation International had a net margin of 12.60% and a return on equity of 32.84%. Service Corporation International's revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.79 EPS. On average, equities research analysts forecast that Service Corporation International will post 3.84 earnings per share for the current year.

Service Corporation International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, June 13th. Service Corporation International's payout ratio is presently 34.69%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Strs Ohio boosted its stake in Service Corporation International by 21.9% during the 2nd quarter. Strs Ohio now owns 23,479 shares of the company's stock valued at $1,911,000 after purchasing an additional 4,216 shares during the period. Whipplewood Advisors LLC raised its position in shares of Service Corporation International by 60.1% during the 2nd quarter. Whipplewood Advisors LLC now owns 743 shares of the company's stock worth $60,000 after buying an additional 279 shares in the last quarter. Opus Capital Group LLC raised its position in shares of Service Corporation International by 10.6% during the 2nd quarter. Opus Capital Group LLC now owns 70,654 shares of the company's stock worth $5,751,000 after buying an additional 6,772 shares in the last quarter. Catawba River Capital raised its position in shares of Service Corporation International by 1.9% during the 2nd quarter. Catawba River Capital now owns 112,374 shares of the company's stock worth $9,147,000 after buying an additional 2,070 shares in the last quarter. Finally, Boston Trust Walden Corp raised its position in shares of Service Corporation International by 1.6% during the 2nd quarter. Boston Trust Walden Corp now owns 622,373 shares of the company's stock worth $50,661,000 after buying an additional 9,821 shares in the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on SCI shares. UBS Group decreased their price target 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. Raymond James Financial reaffirmed an "outperform" rating and issued a $90.00 price target (up from $85.00) on shares of Service Corporation International in a report on Monday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Service Corporation International has an average rating of "Moderate Buy" and an average price target of $90.50.

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.

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