Gregory T. Sangalis Sells 72,300 Shares of Service Corporation International (SCI) Stock
Service Corporation International (NYSE:SCI) VP Gregory T. Sangalis sold 72,300 shares of Service Corporation International stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $35.40, for a total value of $2,559,420.00. Following the transaction, the vice president now directly owns 129,883 shares of the company’s stock, valued at $4,597,858.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Service Corporation International (NYSE SCI) traded up 0.08% on Wednesday, hitting $35.37. The company had a trading volume of 1,252,634 shares. Service Corporation International has a 12-month low of $24.90 and a 12-month high of $35.89. The firm has a market capitalization of $6.62 billion, a PE ratio of 19.17 and a beta of 0.93. The firm has a 50-day moving average price of $35.05 and a 200-day moving average price of $32.69.
Service Corporation International (NYSE:SCI) last released its earnings results on Wednesday, July 26th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.05. The company 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 quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.28 EPS. On average, equities research analysts anticipate that Service Corporation International will post $1.47 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.70%. The ex-dividend date is Thursday, September 14th. Service Corporation International’s dividend payout ratio (DPR) is presently 32.43%.
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SCI has been the subject of a number of analyst reports. BidaskClub cut Service Corporation International from a “hold” rating to a “sell” rating in a report on Saturday, June 10th. Zacks Investment Research cut Service Corporation International from a “buy” rating to a “hold” rating in a report on Saturday, July 1st. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $37.00 price objective (up from $34.00) on shares of Service Corporation International in a report on Friday, July 21st. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $37.00.
A number of large investors have recently added to or reduced their stakes in the stock. 361 Capital LLC boosted its stake in Service Corporation International by 22.4% in the second quarter. 361 Capital LLC now owns 184,704 shares of the company’s stock valued at $6,178,000 after buying an additional 33,748 shares in the last quarter. Green Square Capital LLC acquired a new stake in Service Corporation International in the second quarter valued at about $262,000. State Street Corp boosted its stake in Service Corporation International by 0.4% in the second quarter. State Street Corp now owns 4,961,421 shares of the company’s stock valued at $165,957,000 after buying an additional 20,669 shares in the last quarter. Flinton Capital Management LLC boosted its stake in Service Corporation International by 59.4% in the second quarter. Flinton Capital Management LLC now owns 16,912 shares of the company’s stock valued at $566,000 after buying an additional 6,300 shares in the last quarter. Finally, Balyasny Asset Management LLC boosted its stake in Service Corporation International by 271.3% in the second quarter. Balyasny Asset Management LLC now owns 777,768 shares of the company’s stock valued at $26,016,000 after buying an additional 568,279 shares in the last quarter. 84.83% of the stock is currently owned by institutional investors and hedge funds.
About Service Corporation International
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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