Shares of Service Co. International (NYSE:SCI) have earned a consensus recommendation of “Buy” from the five research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $48.50.
A number of equities analysts recently commented on the stock. ValuEngine cut shares of Yext from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 10th. Zacks Investment Research cut shares of GenMark Diagnostics from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th.
NYSE:SCI traded down $0.57 during trading hours on Friday, reaching $46.79. The company’s stock had a trading volume of 748,071 shares, compared to its average volume of 695,766. The company has a market capitalization of $8.63 billion, a price-to-earnings ratio of 26.14, a price-to-earnings-growth ratio of 2.17 and a beta of 0.92. The firm’s 50-day moving average price is $46.17. Service Co. International has a 1 year low of $37.03 and a 1 year high of $47.87. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.48 and a quick ratio of 0.44.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend was Thursday, June 13th. Service Co. International’s payout ratio is presently 40.22%.
In other Service Co. International news, CEO Thomas L. Ryan sold 40,000 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $46.05, for a total value of $1,842,000.00. Following the transaction, the chief executive officer now owns 1,062,809 shares in the company, valued at $48,942,354.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Gregory T. Sangalis sold 71,400 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $40.80, for a total transaction of $2,913,120.00. Following the completion of the transaction, the vice president now owns 169,383 shares in the company, valued at approximately $6,910,826.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 409,287 shares of company stock worth $17,844,533. 5.50% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the business. Global Retirement Partners LLC increased its holdings in Service Co. International by 80.5% during the fourth quarter. Global Retirement Partners LLC now owns 789 shares of the company’s stock valued at $32,000 after buying an additional 352 shares during the last quarter. Penserra Capital Management LLC bought a new position in shares of Service Co. International in the first quarter worth approximately $38,000. Vigilant Capital Management LLC bought a new position in shares of Service Co. International in the second quarter worth approximately $44,000. Trustcore Financial Services LLC bought a new position in shares of Service Co. International in the first quarter worth approximately $49,000. Finally, Quadrant Capital Group LLC boosted its position in shares of Service Co. International by 414.9% in the first quarter. Quadrant Capital Group LLC now owns 1,385 shares of the company’s stock worth $52,000 after purchasing an additional 1,116 shares during the period. Hedge funds and other institutional investors own 86.81% of the company’s stock.
About Service Co. International
Service Corporation International provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses.
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