Stock Traders Purchase Large Volume of Call Options on Service Co. International (SCI)
Service Co. International (NYSE:SCI) was the recipient of unusually large options trading activity on Friday. Traders bought 1,472 call options on the stock. This is an increase of 1,466% compared to the typical volume of 94 call options.
In other news, insider R L. Waltrip sold 84,679 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $37.90, for a total value of $3,209,334.10. Following the completion of the sale, the insider now directly owns 765,762 shares of the company’s stock, valued at approximately $29,022,379.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Elisabeth G. Nash sold 47,000 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $35.64, for a total transaction of $1,675,080.00. Following the completion of the sale, the vice president now directly owns 164,441 shares of the company’s stock, valued at $5,860,677.24. The disclosure for this sale can be found here. Company insiders own 6.20% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. IFP Advisors Inc increased its stake in Service Co. International by 2.1% during the 2nd quarter. IFP Advisors Inc now owns 4,232 shares of the company’s stock valued at $142,000 after purchasing an additional 89 shares in the last quarter. Comerica Bank increased its stake in Service Co. International by 0.4% during the 2nd quarter. Comerica Bank now owns 147,890 shares of the company’s stock valued at $5,056,000 after purchasing an additional 544 shares in the last quarter. Arizona State Retirement System increased its stake in Service Co. International by 1.3% during the 2nd quarter. Arizona State Retirement System now owns 79,300 shares of the company’s stock valued at $2,653,000 after purchasing an additional 1,000 shares in the last quarter. Leavell Investment Management Inc. increased its stake in Service Co. International by 9.3% during the 3rd quarter. Leavell Investment Management Inc. now owns 19,924 shares of the company’s stock valued at $687,000 after purchasing an additional 1,700 shares in the last quarter. Finally, BB&T Corp increased its stake in Service Co. International by 7.6% during the 3rd quarter. BB&T Corp now owns 33,856 shares of the company’s stock valued at $1,169,000 after purchasing an additional 2,389 shares in the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.
Service Co. International (NYSE:SCI) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.06. Service Co. International had a net margin of 11.83% and a return on equity of 24.85%. The company had revenue of $731.30 million during the quarter, compared to analysts’ expectations of $735.62 million. During the same period last year, the company posted $0.26 EPS. Service Co. International’s revenue was up 1.4% on a year-over-year basis. equities analysts anticipate that Service Co. International will post 1.51 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Wednesday, November 15th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.60 dividend on an annualized basis and a yield of 1.63%. Service Co. International’s dividend payout ratio (DPR) is currently 31.58%.
SCI has been the subject of several research analyst reports. Zacks Investment Research cut shares of Service Co. International from a “buy” rating to a “hold” rating in a research report on Saturday, September 30th. Oppenheimer reissued a “buy” rating and set a $39.00 price target on shares of Service Co. International in a research report on Tuesday, September 26th. Finally, Credit Suisse Group reissued an “outperform” rating and set a $40.00 price target (up from $38.00) on shares of Service Co. International in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $39.75.
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About Service Co. 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.
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