Axxcess Wealth Management LLC Buys 13,703 Shares of Carriage Services, Inc. $CSV

Axxcess Wealth Management LLC increased its stake in shares of Carriage Services, Inc. (NYSE:CSV) by 42.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 45,964 shares of the company’s stock after acquiring an additional 13,703 shares during the quarter. Axxcess Wealth Management LLC owned about 0.29% of Carriage Services worth $2,047,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CSV. Jones Financial Companies Lllp lifted its stake in Carriage Services by 1,736.0% in the 1st quarter. Jones Financial Companies Lllp now owns 918 shares of the company’s stock worth $36,000 after purchasing an additional 868 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Carriage Services in the third quarter worth about $37,000. Ameritas Investment Partners Inc. lifted its position in shares of Carriage Services by 22.1% in the second quarter. Ameritas Investment Partners Inc. now owns 1,450 shares of the company’s stock worth $66,000 after buying an additional 262 shares in the last quarter. Simplex Trading LLC lifted its position in shares of Carriage Services by 408.7% in the second quarter. Simplex Trading LLC now owns 1,526 shares of the company’s stock worth $69,000 after buying an additional 1,226 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Carriage Services during the second quarter valued at approximately $71,000. 66.46% of the stock is owned by hedge funds and other institutional investors.

Carriage Services Stock Performance

Shares of CSV opened at $44.28 on Friday. The stock has a market capitalization of $696.97 million, a P/E ratio of 14.24, a P/E/G ratio of 0.85 and a beta of 0.95. Carriage Services, Inc. has a 1 year low of $35.51 and a 1 year high of $49.41. The company’s fifty day moving average is $43.21 and its two-hundred day moving average is $43.75. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.75 and a current ratio of 0.88.

Carriage Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Monday, February 2nd will be issued a $0.1125 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $0.45 dividend on an annualized basis and a yield of 1.0%. Carriage Services’s dividend payout ratio (DPR) is 14.47%.

Analyst Upgrades and Downgrades

CSV has been the topic of several recent research reports. Barrington Research reaffirmed an “outperform” rating and set a $60.00 price objective on shares of Carriage Services in a report on Tuesday. Weiss Ratings restated a “buy (b)” rating on shares of Carriage Services in a research report on Monday, December 29th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.00.

Carriage Services Profile

Carriage Services, Inc operates as a leading provider of funeral, cemetery and cremation services in the United States. The company owns and operates a network of funeral homes, cemeteries, crematories and related service facilities, offering a comprehensive suite of end-of-life services. Its portfolio encompasses traditional funeral services, memorials, graveside burials, mausoleum entombment and direct cremation options, alongside personalized tributes and reception arrangements.

In addition to standard funeral and cemetery offerings, Carriage Services provides pre-arrangement planning and financing solutions designed to ease the administrative and financial burden on grieving families.