Thomas L. Ryan Sells 150,000 Shares of Service Corporation International (NYSE:SCI) Stock

Key Points

• CEO Thomas L. Ryan of Service Corporation International sold 150,000 shares at an average price of $80.49, totaling approximately $12.07 million, reducing his ownership by 13.25%.
• The company reported an earnings per share (EPS) of $0.88 for the last quarter, exceeding expectations and representing a 3.0% year-over-year revenue increase.
• A quarterly dividend of $0.32 is set to be paid on September 30th, with a yield of 1.6% and a payout ratio of 34.69%.

Service Corporation International (NYSE:SCI - Get Free Report) CEO Thomas L. Ryan sold 150,000 shares of the company's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $80.49, for a total value of $12,073,500.00. Following the completion of the transaction, the chief executive officer owned 982,333 shares of the company's stock, valued at $79,067,983.17. This trade represents a 13.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Service Corporation International Price Performance

SCI traded up $0.02 during trading on Friday, reaching $80.69. 562,197 shares of the company were exchanged, compared to its average volume of 1,194,960. The company's 50-day moving average is $79.46 and its two-hundred day moving average is $78.62. The company has a market cap of $11.32 billion, a price-to-earnings ratio of 21.87, a P/E/G ratio of 1.96 and a beta of 0.90. The company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 3.19. Service Corporation International has a 12-month low of $71.75 and a 12-month high of $89.37.

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

Service Corporation International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.28 annualized dividend and a dividend yield of 1.6%. Service Corporation International's dividend payout ratio (DPR) is presently 34.69%.

Institutional Trading of Service Corporation International

Several institutional investors and hedge funds have recently modified their holdings of the business. Tranquility Partners LLC raised its holdings in shares of Service Corporation International by 1.7% in the 1st quarter. Tranquility Partners LLC now owns 8,060 shares of the company's stock valued at $646,000 after acquiring an additional 134 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in shares of Service Corporation International by 3.6% in the 1st quarter. Proficio Capital Partners LLC now owns 3,859 shares of the company's stock valued at $309,000 after acquiring an additional 135 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Service Corporation International by 12.2% in the 1st quarter. Fifth Third Bancorp now owns 1,426 shares of the company's stock valued at $114,000 after acquiring an additional 155 shares in the last quarter. Brighton Jones LLC raised its holdings in shares of Service Corporation International by 3.1% in the 1st quarter. Brighton Jones LLC now owns 5,615 shares of the company's stock valued at $450,000 after acquiring an additional 167 shares in the last quarter. Finally, Avantax Advisory Services Inc. raised its holdings in shares of Service Corporation International by 3.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 5,301 shares of the company's stock valued at $425,000 after acquiring an additional 174 shares in the last quarter. Hedge funds and other institutional investors own 85.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Raymond James Financial reaffirmed an "outperform" rating and set a $90.00 price target (up previously from $85.00) on shares of Service Corporation International in a research report on Monday, August 4th. UBS Group dropped their price target on Service Corporation International from $90.00 to $88.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Service Corporation International has a consensus 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.