Service Corporation International (NYSE:SCI - Get Free Report) VP Elisabeth Nash sold 42,400 shares of the stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $76.32, for a total value of $3,235,968.00. Following the completion of the transaction, the vice president owned 110,006 shares in the company, valued at approximately $8,395,657.92. This represents a 27.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Service Corporation International Stock Performance
NYSE SCI opened at $77.15 on Tuesday. The company has a market cap of $10.81 billion, a P/E ratio of 20.79, a PEG ratio of 1.83 and a beta of 0.98. The company has a fifty day simple moving average of $80.62 and a 200 day simple moving average of $79.87. The company has a current ratio of 0.56, a quick ratio of 0.52 and a debt-to-equity ratio of 3.17. Service Corporation International has a 12-month low of $71.75 and a 12-month high of $86.83.
Service Corporation International (NYSE:SCI - Get Free Report) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.04. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. Service Corporation International had a net margin of 12.46% and a return on equity of 33.60%. The business's revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.79 earnings per share. Service Corporation International has set its FY 2025 guidance at 3.800-3.90 EPS. Sell-side analysts predict that Service Corporation International will post 3.84 earnings per share for the current fiscal year.
Service Corporation International Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a $0.32 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $1.28 annualized dividend and a yield of 1.7%. Service Corporation International's dividend payout ratio (DPR) is presently 34.50%.
Analysts Set New Price Targets
SCI has been the subject of a number of recent research reports. Weiss Ratings reissued a "hold (c+)" rating on shares of Service Corporation International in a report on Monday, December 1st. Oppenheimer upped their price target on Service Corporation International from $86.00 to $91.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Finally, UBS Group increased their price target on Service Corporation International from $88.00 to $95.00 and gave the company a "buy" rating in a research report on Monday, October 13th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $92.00.
Get Our Latest Research Report on Service Corporation International
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. Sunbelt Securities Inc. purchased a new stake in shares of Service Corporation International during the 3rd quarter valued at $42,000. Danske Bank A S purchased a new position in shares of Service Corporation International in the 3rd quarter worth about $83,000. Public Employees Retirement System of Ohio grew its position in Service Corporation International by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 43,521 shares of the company's stock valued at $3,622,000 after buying an additional 270 shares during the period. 8 Knots Management LLC purchased a new stake in Service Corporation International during the third quarter worth about $6,996,000. Finally, Horizon Investments LLC bought a new stake in Service Corporation International in the third quarter worth about $1,969,000. Institutional investors own 85.53% of the company's stock.
About Service Corporation International
(
Get Free Report)
Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery segments. The Funeral segment offers services related to cremations, including the use of home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, memorialization, and catering.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
