Insider Selling: Service Corporation International (NYSE:SCI) CEO Sells 253,391 Shares of Stock

Service Corporation International (NYSE:SCI) CEO Thomas Ryan sold 253,391 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $85.25, for a total transaction of $21,601,582.75. Following the completion of the transaction, the chief executive officer directly owned 1,006,212 shares in the company, valued at $85,779,573. This trade represents a 20.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Service Corporation International Price Performance

Shares of SCI stock traded down $0.46 during trading hours on Tuesday, reaching $85.47. The company had a trading volume of 1,455,277 shares, compared to its average volume of 1,314,871. Service Corporation International has a 12-month low of $68.41 and a 12-month high of $90.99. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.49 and a current ratio of 0.53. The company has a market capitalization of $11.79 billion, a price-to-earnings ratio of 22.32, a PEG ratio of 1.91 and a beta of 0.81. The stock has a fifty day moving average of $76.72 and a 200-day moving average of $79.57.

Service Corporation International (NYSE:SCI) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. Service Corporation International had a return on equity of 34.38% and a net margin of 12.30%.The firm’s revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.88 earnings per share. Service Corporation International has set its FY 2026 guidance at 4.100-4.300 EPS. On average, equities analysts anticipate that Service Corporation International will post 4.2 earnings per share for the current year.

Service Corporation International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $0.36 per share. The ex-dividend date was Monday, June 15th. This represents a $1.44 annualized dividend and a dividend yield of 1.7%. This is a boost from Service Corporation International’s previous quarterly dividend of $0.34. Service Corporation International’s payout ratio is presently 37.60%.

Hedge Funds Weigh In On Service Corporation International

Several large investors have recently made changes to their positions in the stock. Sunbelt Securities Inc. acquired a new stake in Service Corporation International in the 3rd quarter valued at approximately $42,000. V Square Quantitative Management LLC acquired a new position in Service Corporation International during the fourth quarter worth $46,000. Root Financial Partners LLC boosted its position in shares of Service Corporation International by 35.7% during the first quarter. Root Financial Partners LLC now owns 612 shares of the company’s stock worth $50,000 after buying an additional 161 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of Service Corporation International during the fourth quarter worth $54,000. Finally, Danske Bank A S acquired a new stake in shares of Service Corporation International in the third quarter valued at $83,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on SCI. Weiss Ratings cut shares of Service Corporation International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, June 3rd. Wall Street Zen upgraded shares of Service Corporation International from a “sell” rating to a “hold” rating in a report on Saturday. JPMorgan Chase & Co. dropped their price target on shares of Service Corporation International from $110.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. Finally, UBS Group raised their price target on shares of Service Corporation International from $93.00 to $105.00 and gave the stock a “buy” rating in a report on Friday. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $100.67.

Service Corporation International Company Profile

Service Corporation International (NYSE: SCI) is a leading provider of funeral, cremation and cemetery services in North America. Through its network of funeral homes, cemeteries, memorial parks and crematoria, the company offers a broad array of end-of-life services, including traditional funeral ceremonies, memorialization, burial and cremation. In addition to core services, SCI provides grief counseling, pre-need planning and merchandise such as caskets, vaults, urns and memorialization products.

Headquartered in Houston, Texas, Service Corporation International operates more than 1,900 funeral homes, over 450 cemeteries and 40 combination facilities across the United States and Canada.