Geode Capital Management LLC Has $10.34 Million Stock Position in Carriage Services, Inc. (NYSE:CSV)

Geode Capital Management LLC raised its stake in Carriage Services, Inc. (NYSE:CSV - Free Report) by 4.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 314,864 shares of the company's stock after purchasing an additional 13,126 shares during the quarter. Geode Capital Management LLC owned about 2.07% of Carriage Services worth $10,339,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Barclays PLC boosted its holdings in Carriage Services by 228.6% in the 3rd quarter. Barclays PLC now owns 20,433 shares of the company's stock worth $671,000 after acquiring an additional 14,215 shares during the period. XTX Topco Ltd boosted its stake in shares of Carriage Services by 17.3% in the third quarter. XTX Topco Ltd now owns 9,064 shares of the company's stock valued at $298,000 after purchasing an additional 1,337 shares during the period. Zacks Investment Management acquired a new stake in Carriage Services during the 3rd quarter valued at $312,000. Point72 Asset Management L.P. boosted its holdings in Carriage Services by 1,074.3% in the third quarter. Point72 Asset Management L.P. now owns 4,697 shares of the company's stock valued at $154,000 after purchasing an additional 4,297 shares during the last quarter. Finally, Penn Mutual Asset Management purchased a new position in Carriage Services in the third quarter valued at about $433,000. 66.46% of the stock is owned by hedge funds and other institutional investors.

Carriage Services Price Performance

CSV traded down $0.83 on Thursday, reaching $39.02. The company had a trading volume of 80,324 shares, compared to its average volume of 103,803. The company has a fifty day moving average of $38.90 and a 200-day moving average of $33.51. The company has a market capitalization of $594.00 million, a P/E ratio of 17.50, a PEG ratio of 1.07 and a beta of 0.93. Carriage Services, Inc. has a one year low of $22.84 and a one year high of $42.13. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 2.03.

Carriage Services (NYSE:CSV - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.19. Carriage Services had a return on equity of 23.52% and a net margin of 8.57%. The firm had revenue of $100.69 million during the quarter, compared to the consensus estimate of $93.49 million. During the same period in the prior year, the firm posted $0.33 earnings per share. As a group, equities research analysts anticipate that Carriage Services, Inc. will post 2.5 earnings per share for the current year.

Carriage Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were given a $0.1125 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.45 annualized dividend and a yield of 1.15%. Carriage Services's dividend payout ratio (DPR) is 20.18%.

Wall Street Analyst Weigh In

Separately, Barrington Research boosted their price target on Carriage Services from $39.00 to $45.00 and gave the company an "outperform" rating in a report on Thursday, October 31st.

Insider Buying and Selling at Carriage Services

In other news, VP Paul Donald Elliott sold 5,000 shares of the firm's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $37.78, for a total value of $188,900.00. Following the completion of the sale, the vice president now owns 34,166 shares of the company's stock, valued at $1,290,791.48. This trade represents a 12.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 11.30% of the stock is owned by corporate insiders.

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.