Service Corporation International (NYSE:SCI) CEO Thomas Ryan Sells 18,089 Shares

Key Points

• CEO Thomas Ryan sold 18,089 shares of Service Corporation International at an average price of $81.82, totaling approximately $1.48 million, resulting in a 1.81% decrease in his ownership stake.
• Service Corporation International recently reported a quarterly net margin of 12.60% and a year-over-year revenue increase of 3.0%, with the company’s EPS beating consensus estimates.
• The company declared a quarterly dividend of $0.32 per share, representing an annualized dividend of $1.28 and a yield of 1.6%, to be paid on September 30th.

Service Corporation International (NYSE:SCI - Get Free Report) CEO Thomas Ryan sold 18,089 shares of Service Corporation International stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $81.82, for a total value of $1,480,041.98. Following the completion of the transaction, the chief executive officer directly owned 982,333 shares in the company, valued at $80,374,486.06. This represents a 1.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Service Corporation International Trading Down 2.0%

SCI stock traded down $1.6560 during mid-day trading on Monday, reaching $79.8440. 855,007 shares of the stock traded hands, compared to its average volume of 1,151,941. Service Corporation International has a 52-week low of $71.75 and a 52-week high of $89.37. The stock's fifty day moving average is $79.63 and its 200-day moving average is $78.73. The company has a market cap of $11.20 billion, a P/E ratio of 21.64, a P/E/G ratio of 1.98 and a beta of 0.90. The company has a current ratio of 0.61, a quick ratio of 0.56 and a debt-to-equity ratio of 3.19.

Service Corporation International (NYSE:SCI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.88 EPS for the quarter, beating the consensus estimate 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 in the prior year, the firm earned $0.79 EPS. The firm's quarterly revenue 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. As a group, sell-side analysts expect that Service Corporation International will post 3.84 earnings per share for the current year.

Service Corporation International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued 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 dividend yield of 1.6%. Service Corporation International's payout ratio is currently 34.69%.

Institutional Trading of Service Corporation International

A number of institutional investors have recently added to or reduced their stakes in the business. Assetmark Inc. increased its stake in shares of Service Corporation International by 225.9% during the 1st quarter. Assetmark Inc. now owns 352 shares of the company's stock worth $28,000 after purchasing an additional 244 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in Service Corporation International in the second quarter worth $34,000. Quarry LP boosted its holdings in Service Corporation International by 359.8% in the fourth quarter. Quarry LP now owns 469 shares of the company's stock worth $37,000 after purchasing an additional 367 shares in the last quarter. IFP Advisors Inc increased its position in Service Corporation International by 87.2% during the first quarter. IFP Advisors Inc now owns 700 shares of the company's stock worth $60,000 after buying an additional 326 shares during the last quarter. Finally, Whipplewood Advisors LLC raised its holdings in Service Corporation International by 60.1% during the second quarter. Whipplewood Advisors LLC now owns 743 shares of the company's stock valued at $60,000 after buying an additional 279 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SCI has been the topic of several recent analyst reports. UBS Group reduced their price objective on Service Corporation International from $90.00 to $88.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Oppenheimer increased their price target on shares of Service Corporation International from $86.00 to $91.00 and gave the stock an "outperform" rating in a research report on Thursday. Finally, Raymond James Financial reaffirmed 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. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Service Corporation International has a consensus rating of "Buy" and a consensus price target of $90.25.

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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