Service Corporation International (NYSE:SCI) insider Tammy R. Moore sold 41,400 shares of Service Corporation International stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $34.85, for a total value of $1,442,790.00. Following the transaction, the insider now directly owns 59,220 shares in the company, valued at $2,063,817. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Service Corporation International (NYSE:SCI) traded up 1.00% on Tuesday, hitting $35.32. The stock had a trading volume of 576,139 shares. The company’s 50 day moving average is $35.02 and its 200-day moving average is $32.64. Service Corporation International has a 12 month low of $24.90 and a 12 month high of $35.89. The stock has a market cap of $6.61 billion, a P/E ratio of 19.14 and a beta of 0.93.
Service Corporation International (NYSE:SCI) last posted its earnings results on Wednesday, July 26th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.30 by $0.05. The firm had revenue of $773.20 million for the quarter, compared to analyst estimates of $769.57 million. Service Corporation International had a return on equity of 24.67% and a net margin of 11.59%. Service Corporation International’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the company earned $0.28 earnings per share. Analysts forecast that Service Corporation International will post $1.47 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.72%. The ex-dividend date is Thursday, September 14th. Service Corporation International’s dividend payout ratio (DPR) is 32.43%.
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A number of institutional investors and hedge funds have recently modified their holdings of SCI. Glen Harbor Capital Management LLC grew its holdings in Service Corporation International by 11.1% in the first quarter. Glen Harbor Capital Management LLC now owns 6,064 shares of the company’s stock valued at $187,000 after purchasing an additional 608 shares during the period. Russell Investments Group Ltd. grew its holdings in Service Corporation International by 5.0% in the first quarter. Russell Investments Group Ltd. now owns 49,147 shares of the company’s stock valued at $1,518,000 after purchasing an additional 2,337 shares during the period. Canada Pension Plan Investment Board grew its holdings in Service Corporation International by 13.9% in the first quarter. Canada Pension Plan Investment Board now owns 8,200 shares of the company’s stock valued at $253,000 after purchasing an additional 1,000 shares during the period. Great West Life Assurance Co. Can grew its holdings in Service Corporation International by 8.3% in the first quarter. Great West Life Assurance Co. Can now owns 141,324 shares of the company’s stock valued at $4,361,000 after purchasing an additional 10,847 shares during the period. Finally, Chicago Equity Partners LLC acquired a new stake in Service Corporation International in the first quarter valued at approximately $364,000. 84.83% of the stock is currently owned by institutional investors.
A number of research firms have recently weighed in on SCI. Zacks Investment Research cut Service Corporation International from a “buy” rating to a “hold” rating in a research report on Saturday. BidaskClub raised Service Corporation International from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 19th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Service Corporation International presently has a consensus rating of “Buy” and a consensus price target of $37.00.
Service Corporation International Company Profile
Service Corporation International is a provider of deathcare products and services, with a network of funeral service locations and cemeteries. The Company’s segments include Funeral, Cemetery and Corporate. It conducts both funeral and cemetery operations in the United States and Canada. As December 31, 2016, it operated 1,502 funeral service locations and 470 cemeteries, including 281 funeral service/cemetery combination locations, which are geographically diversified across 45 states, eight Canadian provinces, the District of Columbia, and Puerto Rico.
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