Insider Selling: Service Co. International (NYSE:SCI) Director Sells 1,011 Shares of Stock

Service Co. International (NYSE:SCI - Get Free Report) Director Victor L. Lund sold 1,011 shares of the company's stock in a transaction on Friday, April 12th. The shares were sold at an average price of $70.00, for a total transaction of $70,770.00. Following the completion of the transaction, the director now owns 7,606 shares of the company's stock, valued at approximately $532,420. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Victor L. Lund also recently made the following trade(s):

• On Monday, April 15th, Victor L. Lund sold 7,606 shares of Service Co. International stock. The shares were sold at an average price of $70.00, for a total transaction of $532,420.00.

Service Co. International Stock Performance

NYSE:SCI traded down $2.01 during mid-day trading on Friday, reaching $67.59. The stock had a trading volume of 1,298,458 shares, compared to its average volume of 844,503. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.62 and a current ratio of 0.67. The firm has a market capitalization of $9.90 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 1.93 and a beta of 0.81. Service Co. International has a twelve month low of $52.89 and a twelve month high of $75.97. The business has a 50 day simple moving average of $72.21 and a 200 day simple moving average of $67.19.

Service Co. International (NYSE:SCI - Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.04. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.02 billion. Service Co. International had a net margin of 12.73% and a return on equity of 32.15%. The firm's revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.93 earnings per share. On average, analysts expect that Service Co. International will post 3.65 earnings per share for the current fiscal year.

Service Co. International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.78%. This is an increase from Service Co. International's previous quarterly dividend of $0.29. Service Co. International's dividend payout ratio (DPR) is presently 33.33%.

Institutional Investors Weigh In On Service Co. International

A number of hedge funds have recently added to or reduced their stakes in SCI. TFO Wealth Partners LLC increased its holdings in Service Co. International by 12,200.0% in the fourth quarter. TFO Wealth Partners LLC now owns 369 shares of the company's stock valued at $25,000 after buying an additional 366 shares in the last quarter. Rise Advisors LLC purchased a new position in Service Co. International in the first quarter valued at about $31,000. Larson Financial Group LLC purchased a new position in Service Co. International in the third quarter valued at about $36,000. Whittier Trust Co. increased its holdings in Service Co. International by 406.5% in the first quarter. Whittier Trust Co. now owns 542 shares of the company's stock valued at $40,000 after buying an additional 435 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its holdings in Service Co. International by 204.1% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 599 shares of the company's stock valued at $41,000 after buying an additional 402 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Oppenheimer increased their target price on shares of Service Co. International from $71.00 to $76.00 and gave the stock an "outperform" rating in a research note on Friday, February 16th. UBS Group increased their target price on shares of Service Co. International from $72.00 to $79.00 and gave the stock a "buy" rating in a research note on Wednesday, February 14th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Service Co. International presently has an average rating of "Moderate Buy" and a consensus price target of $75.00.

Service Co. International Company Profile

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.