Insider Selling: Service Co. International (NYSE:SCI) Director Sells $70,770.00 in Stock

Service Co. International (NYSE:SCI) Director Victor L. Lund sold 1,011 shares of the company’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $70.00, for a total value of $70,770.00. Following the completion of the sale, the director now directly owns 7,606 shares of the company’s stock, valued at $532,420. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Victor L. Lund also recently made the following trade(s):

• On Monday, April 15th, Victor L. Lund sold 7,606 shares of Service Co. International stock. The stock was sold at an average price of $70.00, for a total transaction of $532,420.00.

Service Co. International Price Performance

Shares of SCI opened at $67.59 on Monday. The company has a current ratio of 0.62, a quick ratio of 0.57 and a debt-to-equity ratio of 2.90. The stock’s 50 day moving average is $72.21 and its two-hundred day moving average is $67.35. Service Co. International has a twelve month low of $52.89 and a twelve month high of $75.97. The firm has a market capitalization of $9.84 billion, a PE ratio of 19.42, a P/E/G ratio of 1.83 and a beta of 0.81.

Service Co. International (NYSE:SCI) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.04. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.02 billion. Service Co. International had a return on equity of 32.23% and a net margin of 12.73%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 earnings per share. Research analysts anticipate that Service Co. International will post 3.66 earnings per share for the current year.

Service Co. International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date was Thursday, March 14th. This is an increase from Service Co. International’s previous quarterly dividend of $0.29. Service Co. International’s dividend payout ratio (DPR) is currently 33.33%.

Institutional Trading of Service Co. International

A number of institutional investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC increased its holdings in Service Co. International by 128.1% in the first quarter. Larson Financial Group LLC now owns 2,861 shares of the company’s stock valued at $212,000 after buying an additional 1,607 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in Service Co. International in the 1st quarter valued at approximately $308,000. Whittier Trust Co. raised its holdings in Service Co. International by 406.5% during the first quarter. Whittier Trust Co. now owns 542 shares of the company’s stock worth $40,000 after purchasing an additional 435 shares during the last quarter. Financial Counselors Inc. purchased a new stake in Service Co. International during the first quarter worth $211,000. Finally, Jennison Associates LLC grew its holdings in Service Co. International by 430.3% in the first quarter. Jennison Associates LLC now owns 357,075 shares of the company’s stock valued at $26,499,000 after purchasing an additional 289,741 shares during the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Wall Street Analyst Weigh In

SCI has been the subject of a number of recent research reports. UBS Group increased their price objective on Service Co. International from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Oppenheimer increased their price target on Service Co. International from $71.00 to $76.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Service Co. International presently has an average rating of “Moderate Buy” and a consensus price target of $75.00.

Service Co. International Company Profile

Service Corporation International provides deathcare products and services in the United States and Canada. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses. The company also provides professional services related to funerals and cremations, including the use of funeral home facilities and motor vehicles; arranging and directing services; and removal, preparation, embalming, cremation, memorialization, and travel protection, as well as catering services.