Service Corporation International (NYSE:SCI) President Sumner Waring III Sells 30,300 Shares

Service Corporation International (NYSE:SCI) President Sumner Waring III sold 30,300 shares of the company’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $83.14, for a total value of $2,519,142.00. Following the completion of the transaction, the president owned 295,192 shares of the company’s stock, valued at $24,542,262.88. The trade was a 9.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Service Corporation International Stock Performance

Service Corporation International stock opened at $81.31 on Tuesday. 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 has a fifty day moving average price of $81.01 and a two-hundred day moving average price of $79.59. Service Corporation International has a 52-week low of $71.75 and a 52-week high of $89.37. The firm has a market capitalization of $11.40 billion, a P/E ratio of 21.92, a P/E/G ratio of 1.94 and a beta of 0.89.

Service Corporation International (NYSE:SCI) last announced its earnings results on Wednesday, October 29th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.83 by $0.04. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Service Corporation International had a return on equity of 33.28% and a net margin of 12.46%.The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.79 earnings per share. Service Corporation International has set its FY 2025 guidance at 3.800-3.90 EPS. As a group, analysts anticipate that Service Corporation International will post 3.84 EPS for the current fiscal year.

Service Corporation International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $0.32 dividend. The ex-dividend date was Monday, September 15th. This represents a $1.28 annualized dividend and a yield of 1.6%. Service Corporation International’s dividend payout ratio (DPR) is currently 34.50%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC bought a new position in shares of Service Corporation International during the 4th quarter worth approximately $435,000. DAVENPORT & Co LLC boosted its stake in shares of Service Corporation International by 22.1% during the 1st quarter. DAVENPORT & Co LLC now owns 6,497 shares of the company’s stock worth $521,000 after acquiring an additional 1,178 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of Service Corporation International by 12.6% during the 1st quarter. Teacher Retirement System of Texas now owns 31,019 shares of the company’s stock worth $2,488,000 after acquiring an additional 3,473 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Service Corporation International by 136.1% during the 1st quarter. Principal Financial Group Inc. now owns 782,429 shares of the company’s stock worth $62,751,000 after acquiring an additional 451,068 shares during the period. Finally, Capital Investment Advisory Services LLC bought a new position in shares of Service Corporation International during the 1st quarter worth approximately $549,000. 85.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SCI. UBS Group increased their target price on Service Corporation International from $88.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of Service Corporation International in a research note on Wednesday, October 8th. Raymond James Financial reaffirmed an “outperform” rating and set a $90.00 price target (up previously from $85.00) on shares of Service Corporation International in a research report on Monday, August 4th. Finally, Oppenheimer raised their price target on Service Corporation International from $86.00 to $91.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Service Corporation International presently has an average rating of “Moderate Buy” and an average price target of $92.00.

About Service Corporation International

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.