Service Corporation International (SCI) Files Form 4 Insider Selling : R L Waltrip Sells 122,000 Shares

Service Corporation International (SCI): R L Waltrip , Founder & Chairman Emeritus of Service Corporation International sold 122,000 shares on May 19, 2016. The Insider selling transaction was reported by the company on May 23, 2016 to the Securities and Exchange Commission. The shares were sold at $26.43 per share for a total value of $3,224,667.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 2, 2016, Sumner J Iii Waring (Sr. VP Operations) sold 43,800 shares at $26.69 per share price.On Dec 14, 2015, W Blair Waltrip (director) sold 2,000 shares at $26.19 per share price.Also, On Nov 19, 2015, Alan R Iii Buckwalter (director) sold 10,000 shares at $26.97 per share price.On Sep 3, 2015, Edward E Williams (director) sold 10,000 shares at $29.07 per share price.

Service Corporation International: On Friday, May 20, 2016 heightened volatility was witnessed in Service Corporation International which led to swings in the share price. The shares opened for trading at $26.72 and hit $27.1 on the upside , eventually ending the session at $26.99, with a gain of 1.62% or 0.43 points. The heightened volatility saw the trading volume jump to 7,10,848 shares. The 52-week high of the share price is $32.02 and the company has a market cap of $5,229 M . The 52-week low of the share price is at $20.2057.

Service Corporation International Money Flow Index Chart

On May 11, 2016, Service Corporation International announced a cash dividend of $0.1300. The company’s management has announced Jun 13, 2016 as the ex-dividend date and fixed the record date on Jun 15, 2016. The payable date has been fixed on Jun 30, 2016.

Company has been under the radar of several Street Analysts.Service Corporation International is Upgraded by Credit Suisse to Outperform. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Apr 28, 2016.Service Corporation International is Initiated by Credit Suisse to Neutral. The Rating was issued on Mar 16, 2016.

Service Corporation International is a provider of death care products and services. The Company has a network of funeral service locations and cemeteries operating in the United States and Canada. Its funeral service and cemetery operations consist of funeral service locations cemeteries funeral service/cemetery combination locations crematoria and related businesses. The Company’s segments include Funeral and Cemetery. The Company’s brands include Dignity Memorial Dignity Planning National Cremation Society Advantage Funeraria Del Angel Making Everlasting Memories and Neptune Society/Trident Society. The Company sells cemetery property and funeral and cemetery merchandise and services at the time of need and on a pre-need basis. The Company provides professional services relating to funerals and cremations including the use of funeral facilities and motor vehicles and preparation and embalming services.

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