Insider Selling: Service Corp. International VP Sells 40,000 Shares of Stock (SCI)
Service Corp. International (NYSE:SCI) VP Gregory T. Sangalis sold 40,000 shares of the company’s stock on the open market in a transaction dated Thursday, August 14th. The stock was sold at an average price of $21.62, for a total value of $864,800.00. Following the completion of the transaction, the vice president now directly owns 55,059 shares in the company, valued at approximately $1,190,376. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Service Corp. International (NYSE:SCI) traded up 0.97% on Thursday, hitting $21.78. The stock had a trading volume of 1,467,040 shares. Service Corp. International has a 52-week low of $16.81 and a 52-week high of $21.81. The stock has a 50-day moving average of $20.84 and a 200-day moving average of $19.49. The company has a market cap of $4.602 billion and a price-to-earnings ratio of 39.01.
Service Corp. International (NYSE:SCI) last released its earnings data on Wednesday, July 30th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. The company had revenue of $746.75 million for the quarter, compared to the consensus estimate of $731.26 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was up 19.6% on a year-over-year basis. On average, analysts predict that Service Corp. International will post $1.10 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Thursday, September 11th. This is a boost from Service Corp. International’s previous quarterly dividend of $0.08.
Separately, analysts at Susquehanna raised their price target on shares of Service Corp. International from $25.00 to $27.00 in a research note on Friday, August 1st.
Service Corporation International (NYSE:SCI) is a provider of deathcare products and services, with a network of funeral service locations and cemeteries primarily operating in the United States and Canada.
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