Carriage Services, Inc. (NYSE:CSV) Stock Position Increased by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in shares of Carriage Services, Inc. (NYSE:CSV) by 0.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 315,936 shares of the company’s stock after buying an additional 1,072 shares during the quarter. Geode Capital Management LLC owned 2.08% of Carriage Services worth $12,593,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Franklin Resources Inc. bought a new position in shares of Carriage Services during the 4th quarter valued at about $342,000. Arrowstreet Capital Limited Partnership boosted its holdings in Carriage Services by 16.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 237,228 shares of the company’s stock worth $9,454,000 after buying an additional 34,342 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Carriage Services by 20.3% during the fourth quarter. JPMorgan Chase & Co. now owns 142,989 shares of the company’s stock worth $5,698,000 after buying an additional 24,098 shares in the last quarter. LPL Financial LLC grew its position in Carriage Services by 5.2% in the fourth quarter. LPL Financial LLC now owns 61,700 shares of the company’s stock worth $2,459,000 after buying an additional 3,030 shares during the last quarter. Finally, Hillsdale Investment Management Inc. increased its holdings in shares of Carriage Services by 1.3% in the fourth quarter. Hillsdale Investment Management Inc. now owns 61,486 shares of the company’s stock valued at $2,450,000 after buying an additional 800 shares in the last quarter. 66.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. StockNews.com lowered Carriage Services from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th. Barrington Research reaffirmed an “outperform” rating and set a $50.00 target price on shares of Carriage Services in a report on Friday, February 28th.

Carriage Services Stock Down 2.4 %

CSV stock opened at $38.54 on Tuesday. The company’s 50 day simple moving average is $38.89 and its 200-day simple moving average is $38.47. Carriage Services, Inc. has a 52-week low of $24.07 and a 52-week high of $42.75. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.72 and a quick ratio of 0.59. The firm has a market capitalization of $603.15 million, a P/E ratio of 17.28, a P/E/G ratio of 0.97 and a beta of 0.77.

Carriage Services (NYSE:CSV) last released its earnings results on Wednesday, February 26th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.11. Carriage Services had a return on equity of 23.52% and a net margin of 8.57%. The company had revenue of $97.70 million during the quarter, compared to analyst estimates of $96.72 million. During the same quarter in the prior year, the company earned $0.77 earnings per share. As a group, equities research analysts anticipate that Carriage Services, Inc. will post 2.5 EPS for the current year.

Carriage Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 5th will be given a $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Monday, May 5th. Carriage Services’s dividend payout ratio (DPR) is 21.43%.

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.