Victor L. Lund Sells 7,606 Shares of Service Co. International (NYSE:SCI) Stock

Service Co. International (NYSE:SCI) Director Victor L. Lund sold 7,606 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $70.00, for a total transaction of $532,420.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Service Co. International Price Performance

NYSE SCI opened at $67.59 on Friday. The firm has a market cap of $9.90 billion, a P/E ratio of 19.42, a price-to-earnings-growth ratio of 1.89 and a beta of 0.81. The stock’s 50-day moving average is $72.21 and its two-hundred day moving average is $67.27. Service Co. International has a fifty-two week low of $52.89 and a fifty-two week high of $75.97. 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 announced its earnings results on Wednesday, May 1st. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.04. Service Co. International had a return on equity of 32.23% and a net margin of 12.73%. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the business earned $0.93 earnings per share. The company’s revenue was up 1.6% on a year-over-year basis. On average, analysts anticipate that Service Co. International will post 3.65 earnings per share for the current fiscal year.

Service Co. International Increases Dividend

The company also recently declared 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 represents a $1.20 dividend on an annualized basis and a yield of 1.78%. This is a boost from Service Co. International’s previous quarterly dividend of $0.29. The ex-dividend date was Thursday, March 14th. Service Co. International’s dividend payout ratio is 33.33%.

Analysts Set New Price Targets

Several research firms have weighed in on SCI. Oppenheimer lifted their price objective on shares of Service Co. International from $71.00 to $76.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. UBS Group lifted their price objective on Service Co. International from $72.00 to $79.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $75.00.

Hedge Funds Weigh In On Service Co. International

A number of institutional investors have recently made changes to their positions in the business. TFO Wealth Partners LLC boosted its stake in Service Co. International by 12,200.0% during the 4th quarter. TFO Wealth Partners LLC now owns 369 shares of the company’s stock valued at $25,000 after purchasing an additional 366 shares during the period. Rise Advisors LLC acquired a new position in shares of Service Co. International during the first quarter worth approximately $31,000. Larson Financial Group LLC bought a new stake in shares of Service Co. International in the third quarter valued at approximately $36,000. Whittier Trust Co. grew its stake in shares of Service Co. International by 406.5% in the first quarter. Whittier Trust Co. now owns 542 shares of the company’s stock worth $40,000 after acquiring an additional 435 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its position in Service Co. International by 204.1% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 599 shares of the company’s stock worth $41,000 after acquiring an additional 402 shares during the period. 85.53% of the stock is currently owned by institutional investors.

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.