Service Corporation International (NYSE:SCI) Director Sells $632,710.00 in Stock

Key Points

• Tony Coelho, a director at Service Corporation International, sold 7,850 shares of the company at an average price of $80.60, resulting in a total transaction value of approximately $632,710 and a 17.87% decrease in his holdings.
• Service Corporation International reported a quarterly earnings per share of $0.88, exceeding analysts' expectations of $0.84, with a revenue of $1.07 billion, a 3.0% increase from the previous year.
• The company announced a quarterly dividend of $0.32 per share, providing an annual yield of 1.6%, with the dividend payment scheduled for September 30th.

Service Corporation International (NYSE:SCI - Get Free Report) Director Tony Coelho sold 7,850 shares of the company's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $80.60, for a total transaction of $632,710.00. Following the transaction, the director directly owned 36,088 shares in the company, valued at $2,908,692.80. The trade was a 17.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Service Corporation International Trading Up 0.0%

Shares of NYSE SCI traded up $0.01 during trading on Monday, hitting $80.67. 738,744 shares of the company traded hands, compared to its average volume of 1,178,363. The firm has a market capitalization of $11.31 billion, a P/E ratio of 21.86, 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. The company has a 50-day moving average price of $79.48 and a 200-day moving average price of $78.62. 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 issued its earnings results on Wednesday, July 30th. The company reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.04. The firm 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 revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.79 earnings per share. On average, equities analysts predict that Service Corporation International will post 3.84 EPS for the current year.

Service Corporation International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given 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 is Monday, September 15th. Service Corporation International's dividend payout ratio is 34.69%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Assetmark Inc. increased its position in shares of Service Corporation International by 225.9% in the first quarter. Assetmark Inc. now owns 352 shares of the company's stock worth $28,000 after acquiring an additional 244 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in Service Corporation International during the 2nd quarter worth $34,000. Quarry LP boosted its position 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 purchasing an additional 367 shares during the period. GeoWealth Management LLC acquired a new stake in Service Corporation International in the 4th quarter valued at $53,000. Finally, IFP Advisors Inc raised 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 valued at $60,000 after purchasing an additional 326 shares during the period. Hedge funds and other institutional investors own 85.53% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Raymond James Financial reiterated an "outperform" rating and set a $90.00 target price (up from $85.00) on shares of Service Corporation International in a research report on Monday, August 4th. UBS Group dropped their price objective on shares of 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. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $90.50.

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.