Insider Selling: Service Corporation International (NYSE:SCI) CEO Sells $1,480,041.98 in Stock

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 L. Ryan sold 18,089 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $81.82, for a total transaction of $1,480,041.98. Following the transaction, the chief executive officer directly owned 982,333 shares of the company's stock, valued at approximately $80,374,486.06. This trade represents a 1.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Service Corporation International Price Performance

NYSE:SCI traded up $0.33 during trading hours on Friday, reaching $79.26. 947,790 shares of the company traded hands, compared to its average volume of 888,705. The firm's 50-day moving average is $79.76 and its 200-day moving average is $78.80. The stock has a market cap of $11.11 billion, a P/E ratio of 21.48, a P/E/G ratio of 1.92 and a beta of 0.90. The company has a debt-to-equity ratio of 3.19, a current ratio of 0.61 and a quick ratio of 0.56. Service Corporation International has a 1-year low of $71.75 and a 1-year high of $89.37.

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

Service Corporation International Announces Dividend

The business also recently disclosed 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. This represents a $1.28 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, September 15th. Service Corporation International's dividend payout ratio is presently 34.69%.

Analyst Ratings Changes

A number of brokerages have commented on SCI. Oppenheimer boosted their price objective on Service Corporation International from $86.00 to $91.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. Raymond James Financial restated an "outperform" rating and set a $90.00 price objective (up from $85.00) on shares of Service Corporation International in a report on Monday, August 4th. Finally, UBS Group cut their target price 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. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Service Corporation International has a consensus rating of "Buy" and an average target price of $90.25.

Institutional Investors Weigh In On Service Corporation International

Institutional investors have recently modified their holdings of the business. Assetmark Inc. boosted its stake in Service Corporation International by 225.9% in the first quarter. Assetmark Inc. now owns 352 shares of the company's stock valued at $28,000 after acquiring an additional 244 shares during the period. V Square Quantitative Management LLC acquired a new position in Service Corporation International in the second quarter valued at approximately $34,000. Quarry LP grew its stake in Service Corporation International by 359.8% during the 4th quarter. Quarry LP now owns 469 shares of the company's stock worth $37,000 after buying an additional 367 shares during the last quarter. IFP Advisors Inc increased its position in Service Corporation International by 87.2% in 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 period. Finally, Whipplewood Advisors LLC lifted its stake in Service Corporation International by 60.1% in 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 during the last quarter. Institutional investors own 85.53% of the company's stock.

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.