Carriage Services, Inc. (NYSE:CSV) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its stake in shares of Carriage Services, Inc. (NYSE:CSV) by 16.0% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 169,163 shares of the company’s stock after selling 32,123 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.11% of Carriage Services worth $5,554,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position in shares of Carriage Services by 7.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,475 shares of the company’s stock valued at $284,000 after purchasing an additional 746 shares in the last quarter. nVerses Capital LLC increased its holdings in shares of Carriage Services by 550.0% in the 2nd quarter. nVerses Capital LLC now owns 1,300 shares of the company’s stock valued at $35,000 after acquiring an additional 1,100 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Carriage Services by 3.0% in the 2nd quarter. Marshall Wace LLP now owns 38,414 shares of the company’s stock valued at $1,031,000 after acquiring an additional 1,125 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Carriage Services by 9.2% in the 2nd quarter. AQR Capital Management LLC now owns 15,134 shares of the company’s stock valued at $406,000 after acquiring an additional 1,279 shares during the last quarter. Finally, Point72 DIFC Ltd increased its holdings in shares of Carriage Services by 613.0% in the 2nd quarter. Point72 DIFC Ltd now owns 1,861 shares of the company’s stock valued at $50,000 after acquiring an additional 1,600 shares during the last quarter. 66.46% of the stock is owned by institutional investors and hedge funds.

Carriage Services Price Performance

Shares of NYSE CSV opened at $39.81 on Friday. The company has a market capitalization of $606.03 million, a price-to-earnings ratio of 17.85, a price-to-earnings-growth ratio of 1.06 and a beta of 0.93. The business has a 50 day simple moving average of $36.42 and a 200-day simple moving average of $32.25. 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, Inc. has a twelve month low of $22.84 and a twelve month high of $40.91.

Carriage Services (NYSE:CSV) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.19. The firm had revenue of $100.69 million during the quarter, compared to the consensus estimate of $93.49 million. Carriage Services had a return on equity of 23.52% and a net margin of 8.57%. During the same period in the prior year, the business earned $0.33 EPS. As a group, equities research analysts expect 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. Stockholders of record on Monday, November 4th were paid a $0.1125 dividend. The ex-dividend date was Monday, November 4th. This represents a $0.45 annualized dividend and a dividend yield of 1.13%. Carriage Services’s payout ratio 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 Transactions at Carriage Services

In other news, VP Paul Donald Elliott sold 5,000 shares of the company’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 in the company, valued at $1,290,791.48. This represents a 12.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 12.10% of the company’s stock.

Carriage Services Company 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.