Service Corporation International (NYSE:SCI) CAO Tammy Moore Sells 5,000 Shares of Stock

Service Corporation International (NYSE:SCI) CAO Tammy Moore sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $80.48, for a total value of $402,400.00. Following the transaction, the chief accounting officer owned 21,654 shares of the company’s stock, valued at approximately $1,742,713.92. This trade represents a 18.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Service Corporation International Price Performance

NYSE SCI opened at $80.15 on Thursday. The company has a current ratio of 0.55, a quick ratio of 0.50 and a debt-to-equity ratio of 3.10. Service Corporation International has a 12 month low of $71.75 and a 12 month high of $86.67. The company’s 50 day moving average is $80.21 and its two-hundred day moving average is $80.27. The stock has a market cap of $11.16 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 1.77 and a beta of 0.99.

Service Corporation International (NYSE:SCI) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $1.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.14. Service Corporation International had a return on equity of 34.21% and a net margin of 12.59%.The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the business posted $1.06 EPS. Service Corporation International’s revenue for the quarter was up 1.7% compared to the same quarter last year. As a group, research analysts anticipate that Service Corporation International will post 3.84 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on SCI shares. JPMorgan Chase & Co. started coverage on Service Corporation International in a research report on Tuesday, January 20th. They set an “overweight” rating and a $110.00 price objective for the company. Weiss Ratings upgraded shares of Service Corporation International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 2nd. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Service Corporation International currently has a consensus rating of “Buy” and a consensus target price of $96.50.

Institutional Trading of Service Corporation International

A number of large investors have recently made changes to their positions in the stock. Marshall Wace LLP grew its holdings in Service Corporation International by 1,629.2% during the 2nd quarter. Marshall Wace LLP now owns 416,571 shares of the company’s stock worth $33,909,000 after acquiring an additional 392,480 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Service Corporation International by 48.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 417,387 shares of the company’s stock valued at $33,474,000 after acquiring an additional 136,770 shares in the last quarter. 8 Knots Management LLC purchased a new position in shares of Service Corporation International in the 3rd quarter valued at $6,996,000. AGF Management Ltd. bought a new position in shares of Service Corporation International in the 2nd quarter worth $3,171,000. Finally, Aureus Asset Management LLC bought a new position in shares of Service Corporation International in the 4th quarter worth $2,948,000. 85.53% of the stock is owned by hedge funds and other institutional investors.

Service Corporation International Company Profile

Service Corporation International (NYSE: SCI) is a leading provider of funeral, cremation and cemetery services in North America. Through its network of funeral homes, cemeteries, memorial parks and crematoria, the company offers a broad array of end-of-life services, including traditional funeral ceremonies, memorialization, burial and cremation. In addition to core services, SCI provides grief counseling, pre-need planning and merchandise such as caskets, vaults, urns and memorialization products.

Headquartered in Houston, Texas, Service Corporation International operates more than 1,900 funeral homes, over 450 cemeteries and 40 combination facilities across the United States and Canada.