Charles Schwab Investment Management Inc. decreased its position in Carriage Services, Inc. (NYSE:CSV - Free Report) by 16.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 169,163 shares of the company's stock after selling 32,123 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.11% of Carriage Services worth $5,554,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also made changes to their positions in the business. Price T Rowe Associates Inc. MD lifted its stake in Carriage Services by 7.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,475 shares of the company's stock valued at $284,000 after buying an additional 746 shares during the last quarter. nVerses Capital LLC increased its position in Carriage Services by 550.0% during the second quarter. nVerses Capital LLC now owns 1,300 shares of the company's stock worth $35,000 after buying an additional 1,100 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Carriage Services by 3.0% in the second quarter. Marshall Wace LLP now owns 38,414 shares of the company's stock worth $1,031,000 after purchasing an additional 1,125 shares during the period. AQR Capital Management LLC grew its position in Carriage Services by 9.2% in the 2nd quarter. AQR Capital Management LLC now owns 15,134 shares of the company's stock worth $406,000 after purchasing an additional 1,279 shares during the last quarter. Finally, Point72 DIFC Ltd increased its position in shares of Carriage Services by 613.0% during the second quarter. Point72 DIFC Ltd now owns 1,861 shares of the company's stock valued at $50,000 after purchasing an additional 1,600 shares during the period. Institutional investors and hedge funds own 66.46% of the company's stock.
Insider Activity at Carriage Services
In related news, VP Paul Donald Elliott sold 5,000 shares of the business's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $37.78, for a total value of $188,900.00. Following the transaction, the vice president now owns 34,166 shares in the company, valued at $1,290,791.48. The trade was a 12.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 12.10% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Separately, Barrington Research boosted their price target on shares of Carriage Services from $39.00 to $45.00 and gave the company an "outperform" rating in a research report on Thursday, October 31st.
Get Our Latest Stock Report on CSV
Carriage Services Stock Performance
Shares of CSV stock traded up $0.78 during trading on Friday, reaching $40.54. 102,270 shares of the company's stock were exchanged, compared to its average volume of 103,904. The stock has a market capitalization of $617.02 million, a PE ratio of 18.18, a PEG ratio of 1.07 and a beta of 0.93. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 2.03. The firm's fifty day moving average price is $36.59 and its 200-day moving average price is $32.34. Carriage Services, Inc. has a twelve month low of $22.84 and a twelve month high of $40.91.
Carriage Services (NYSE:CSV - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.19. The company had revenue of $100.69 million during the quarter, compared to the consensus estimate of $93.49 million. Carriage Services had a net margin of 8.57% and a return on equity of 23.52%. During the same period in the previous year, the business earned $0.33 earnings per share. As a group, sell-side analysts anticipate that Carriage Services, Inc. will post 2.5 EPS for the current year.
Carriage Services Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 4th were paid a $0.1125 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.45 annualized dividend and a dividend yield of 1.11%. Carriage Services's dividend payout ratio is 20.18%.
About Carriage Services
(
Free Report)
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.
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