Victor L. Lund Sells 1,011 Shares of Service Co. International (NYSE:SCI) Stock

Service Co. International (NYSE:SCI) Director Victor L. Lund sold 1,011 shares of Service Co. International stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $70.00, for a total transaction of $70,770.00. Following the transaction, the director now directly owns 7,606 shares in the company, valued at approximately $532,420. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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 shares were sold at an average price of $70.00, for a total value of $532,420.00.

Service Co. International Stock Down 2.9 %

Shares of NYSE SCI opened at $67.59 on Friday. The business’s fifty day moving average price is $72.21 and its 200-day moving average price is $67.27. Service Co. International has a one year low of $52.89 and a one year high of $75.97. The stock has a market capitalization of $9.90 billion, a PE ratio of 19.42, a P/E/G ratio of 1.83 and a beta of 0.81. The company has a debt-to-equity ratio of 2.90, a current ratio of 0.62 and a quick ratio of 0.62.

Service Co. International (NYSE:SCI) last issued its earnings results on Wednesday, May 1st. The company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.04. Service Co. International had a net margin of 12.73% and a return on equity of 32.23%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the business earned $0.93 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. On average, equities research analysts anticipate that Service Co. International will post 3.66 EPS for the current year.

Service Co. International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a dividend of $0.30 per share. This is a boost from Service Co. International’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.78%. Service Co. International’s payout ratio is presently 33.33%.

Analysts Set New Price Targets

A number of research analysts have issued reports on SCI shares. UBS Group upped their price objective on Service Co. International from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, February 14th. Oppenheimer raised their price objective on shares of Service Co. International from $71.00 to $76.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Service Co. International has a consensus rating of “Moderate Buy” and an average target price of $75.00.

Institutional Investors Weigh In On Service Co. International

Several institutional investors have recently made changes to their positions in the stock. Handelsbanken Fonder AB raised its stake in shares of Service Co. International by 0.5% during the 4th quarter. Handelsbanken Fonder AB now owns 1,920,710 shares of the company’s stock valued at $131,473,000 after purchasing an additional 10,000 shares during the period. Northern Trust Corp increased its position in shares of Service Co. International by 2.4% during the third quarter. Northern Trust Corp now owns 1,447,701 shares of the company’s stock valued at $82,722,000 after buying an additional 34,596 shares during the period. Norges Bank purchased a new stake in shares of Service Co. International in the fourth quarter worth about $92,331,000. Nordea Investment Management AB boosted its position in shares of Service Co. International by 15.1% in the third quarter. Nordea Investment Management AB now owns 944,657 shares of the company’s stock valued at $54,374,000 after acquiring an additional 123,837 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Service Co. International by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 908,456 shares of the company’s stock valued at $62,184,000 after acquiring an additional 9,381 shares in the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

About Service Co. International

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.