Service Co. International Sees Unusually Large Options Volume (SCI)

Service Co. International (NYSE:SCI) saw some unusual options trading activity on Friday. Traders bought 1,472 call options on the company. This is an increase of approximately 1,466% compared to the typical volume of 94 call options.

Shares of Service Co. International (NYSE SCI) opened at $36.83 on Monday. The firm has a market cap of $6,900.00, a price-to-earnings ratio of 24.07, a PEG ratio of 2.11 and a beta of 0.96. Service Co. International has a 52 week low of $27.18 and a 52 week high of $38.10. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 2.66.

Service Co. International (NYSE:SCI) last released its quarterly earnings results on Wednesday, October 25th. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.06. The company had revenue of $731.30 million for the quarter, compared to analyst estimates of $735.62 million. Service Co. International had a net margin of 11.83% and a return on equity of 24.85%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the business earned $0.26 earnings per share. research analysts forecast that Service Co. International will post 1.51 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Wednesday, November 15th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.60 annualized dividend and a yield of 1.63%. Service Co. International’s dividend payout ratio is presently 31.58%.

In other Service Co. International news, insider R L. Waltrip sold 84,679 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $37.90, for a total transaction of $3,209,334.10. Following the transaction, the insider now owns 765,762 shares in the company, valued at approximately $29,022,379.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Elisabeth G. Nash sold 47,000 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $35.64, for a total transaction of $1,675,080.00. Following the transaction, the vice president now owns 164,441 shares in the company, valued at approximately $5,860,677.24. The disclosure for this sale can be found here. Corporate insiders own 6.20% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board acquired a new stake in Service Co. International during the third quarter valued at $4,806,000. Russell Investments Group Ltd. lifted its holdings in Service Co. International by 36.0% during the second quarter. Russell Investments Group Ltd. now owns 66,830 shares of the company’s stock valued at $2,235,000 after purchasing an additional 17,683 shares in the last quarter. Amalgamated Bank lifted its holdings in Service Co. International by 22.4% during the second quarter. Amalgamated Bank now owns 36,990 shares of the company’s stock valued at $1,237,000 after purchasing an additional 6,767 shares in the last quarter. Rothschild Asset Management Inc. lifted its holdings in Service Co. International by 58.5% during the third quarter. Rothschild Asset Management Inc. now owns 834,092 shares of the company’s stock valued at $28,776,000 after purchasing an additional 307,915 shares in the last quarter. Finally, Green Square Capital LLC purchased a new position in Service Co. International during the second quarter valued at $262,000. Institutional investors own 84.46% of the company’s stock.

SCI has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Service Co. International from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Friday, August 25th. Oppenheimer reiterated a “buy” rating and issued a $39.00 price objective on shares of Service Co. International in a research note on Tuesday, September 26th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $40.00 price objective (up previously from $38.00) on shares of Service Co. International in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $39.75.

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About Service Co. International

Service Corporation International is a provider of deathcare products and services, with a network of funeral service locations and cemeteries. The Company’s segments include Funeral, Cemetery and Corporate. It conducts both funeral and cemetery operations in the United States and Canada. As December 31, 2016, it operated 1,502 funeral service locations and 470 cemeteries, including 281 funeral service/cemetery combination locations, which are geographically diversified across 45 states, eight Canadian provinces, the District of Columbia, and Puerto Rico.

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