Service Corporation International (NYSE:SCI) CFO Eric D. Tanzberger sold 187,100 shares of Service Corporation International stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $34.93, for a total transaction of $6,535,403.00. Following the completion of the transaction, the chief financial officer now directly owns 150,217 shares in the company, valued at approximately $5,247,079.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Service Corporation International (NYSE:SCI) traded up 0.20% during trading on Thursday, reaching $34.77. 1,041,377 shares of the company were exchanged. The company has a market capitalization of $6.51 billion, a PE ratio of 18.85 and a beta of 0.93. The firm’s 50 day moving average price is $34.98 and its 200 day moving average price is $32.60. Service Corporation International has a one year low of $24.90 and a one year high of $35.89.

Service Corporation International (NYSE:SCI) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.05. Service Corporation International had a return on equity of 24.67% and a net margin of 11.59%. The business had revenue of $773.20 million for the quarter, compared to analysts’ expectations of $769.57 million. During the same period last year, the business earned $0.28 EPS. The business’s revenue was up 2.9% on a year-over-year basis. Equities research analysts forecast that Service Corporation International will post $1.47 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Thursday, September 14th. Service Corporation International’s dividend payout ratio (DPR) is presently 32.43%.

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Institutional investors have recently made changes to their positions in the company. Acrospire Investment Management LLC increased its position in shares of Service Corporation International by 315.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,687 shares of the company’s stock valued at $123,000 after purchasing an additional 2,800 shares during the last quarter. IFP Advisors Inc increased its holdings in Service Corporation International by 2.1% in the 2nd quarter. IFP Advisors Inc now owns 4,232 shares of the company’s stock worth $142,000 after acquiring an additional 89 shares during the last quarter. Founders Capital Management purchased a new stake in Service Corporation International in the 1st quarter worth about $185,000. Glen Harbor Capital Management LLC increased its holdings in Service Corporation International by 11.1% in the 1st quarter. Glen Harbor Capital Management LLC now owns 6,064 shares of the company’s stock worth $187,000 after acquiring an additional 608 shares during the last quarter. Finally, CIBC Asset Management Inc purchased a new stake in Service Corporation International in the 2nd quarter worth about $210,000. 84.83% of the stock is owned by hedge funds and other institutional investors.

SCI has been the topic of a number of research reports. BidaskClub lowered shares of Service Corporation International from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. Zacks Investment Research lowered shares of Service Corporation International from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $37.00 price objective (up previously from $34.00) on shares of Service Corporation International in a research report on Friday, July 21st. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $37.00.

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.

Insider Buying and Selling by Quarter for Service Corporation International (NYSE:SCI)

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