Deroy & Devereaux Private Investment Counsel Inc. Makes New Investment in Carriage Services, Inc. (NYSE:CSV)

Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in shares of Carriage Services, Inc. (NYSE:CSV - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 57,020 shares of the company's stock, valued at approximately $2,272,000. Deroy & Devereaux Private Investment Counsel Inc. owned approximately 0.37% of Carriage Services at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CSV. Geode Capital Management LLC lifted its holdings in Carriage Services by 4.4% in the third quarter. Geode Capital Management LLC now owns 314,864 shares of the company's stock valued at $10,339,000 after buying an additional 13,126 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Carriage Services in the third quarter valued at approximately $4,310,000. JPMorgan Chase & Co. increased its holdings in Carriage Services by 94.7% in the third quarter. JPMorgan Chase & Co. now owns 118,891 shares of the company's stock worth $3,903,000 after purchasing an additional 57,821 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of Carriage Services by 6.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 82,238 shares of the company's stock worth $2,700,000 after acquiring an additional 4,850 shares during the last quarter. Finally, Praetorian PR LLC grew its stake in Carriage Services by 15.2% in the 3rd quarter. Praetorian PR LLC now owns 80,000 shares of the company's stock valued at $2,626,000 after purchasing an additional 10,578 shares during the period. Institutional investors own 66.46% of the company's stock.

Analyst Ratings Changes

Separately, Barrington Research upped their price objective on shares of Carriage Services from $45.00 to $50.00 and gave the company an "outperform" rating in a research note on Monday, January 6th.

Carriage Services Trading Up 0.0 %

Carriage Services stock traded up $0.01 during trading hours on Wednesday, hitting $40.88. The company had a trading volume of 31,126 shares, compared to its average volume of 145,524. The firm has a market cap of $622.18 million, a P/E ratio of 18.32, a P/E/G ratio of 0.97 and a beta of 0.92. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.59 and a current ratio of 0.72. Carriage Services, Inc. has a 1 year low of $22.96 and a 1 year high of $42.67. The company has a 50-day moving average price of $40.08 and a two-hundred day moving average price of $35.67.

Carriage Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd will be issued a $0.1125 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $0.45 dividend on an annualized basis and a yield of 1.10%. Carriage Services's payout ratio is currently 20.18%.

Carriage Services Profile

Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates in two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment provides consultation services; funeral home facilities for visitation and memorial services; transportation services; removal and preparation of remains; sale of caskets and urns; cremation services; and related funeral merchandise.