Service Corporation International (NYSE:SCI) Director Tony Coelho Sells 7,850 Shares

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 stock was sold at an average price of $80.60, for a total value of $632,710.00. Following the completion of the transaction, the director owned 36,088 shares of the company's stock, valued at approximately $2,908,692.80. This represents a 17.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Service Corporation International Stock Up 1.4%

Shares of NYSE:SCI traded up $1.10 during midday trading on Wednesday, reaching $81.88. The company had a trading volume of 288,504 shares, compared to its average volume of 1,168,594. The company has a debt-to-equity ratio of 3.19, a current ratio of 0.61 and a quick ratio of 0.56. The stock's fifty day moving average price is $79.30 and its 200-day moving average price is $78.59. The stock has a market capitalization of $11.48 billion, a P/E ratio of 22.20, a PEG ratio of 1.95 and a beta of 0.90. Service Corporation International has a one year low of $71.75 and a one year high of $89.37.

Service Corporation International (NYSE:SCI - Get Free Report) last issued its quarterly earnings results 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 during the quarter, compared to analyst estimates of $1.05 billion. Service Corporation International had a net margin of 12.60% and a return on equity of 32.84%. The business's revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.79 earnings per share. 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.32 per share. The ex-dividend date is Monday, September 15th. This represents a $1.28 annualized dividend and a yield of 1.6%. Service Corporation International's payout ratio is presently 34.69%.

Institutional Trading of Service Corporation International

Institutional investors have recently added to or reduced their stakes in the business. Assetmark Inc. increased its stake in Service Corporation International by 225.9% during the first quarter. Assetmark Inc. now owns 352 shares of the company's stock valued at $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 during the second quarter valued at $34,000. Quarry LP increased its stake in Service Corporation International by 359.8% during the fourth quarter. Quarry LP now owns 469 shares of the company's stock valued at $37,000 after purchasing an additional 367 shares during the last quarter. GeoWealth Management LLC bought a new stake in Service Corporation International during the fourth quarter valued at $53,000. Finally, IFP Advisors Inc increased its stake in Service Corporation International by 87.2% during 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 last quarter. Institutional investors own 85.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Raymond James Financial restated an "outperform" rating and issued a $90.00 price target (up previously from $85.00) on shares of Service Corporation International in a report on Monday, August 4th. UBS Group dropped their price target 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 analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price 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.

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