Carriage Services, Inc. (NYSE:CSV - Get Free Report) President Steven D. Metzger sold 348 shares of the stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $46.78, for a total value of $16,279.44. Following the transaction, the president directly owned 73,896 shares in the company, valued at approximately $3,456,854.88. This represents a 0.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Carriage Services Stock Performance
Carriage Services stock traded up $0.40 on Wednesday, hitting $46.83. The company's stock had a trading volume of 60,784 shares, compared to its average volume of 108,404. The firm has a market cap of $734.90 million, a P/E ratio of 15.66, a price-to-earnings-growth ratio of 0.98 and a beta of 0.89. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 2.35. The company has a fifty day moving average price of $43.66 and a 200-day moving average price of $40.91. Carriage Services, Inc. has a one year low of $25.84 and a one year high of $47.48.
Carriage Services (NYSE:CSV - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.80 by $0.16. The company had revenue of $8.47 million for the quarter, compared to the consensus estimate of $104.17 million. Carriage Services had a net margin of 11.50% and a return on equity of 21.96%. On average, equities analysts anticipate that Carriage Services, Inc. will post 2.5 earnings per share for the current year.
Carriage Services Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 5th were issued a dividend of $0.1125 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $0.45 annualized dividend and a yield of 0.96%. Carriage Services's dividend payout ratio is currently 15.05%.
Institutional Trading of Carriage Services
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MetLife Investment Management LLC increased its stake in Carriage Services by 3.1% during the 4th quarter. MetLife Investment Management LLC now owns 8,223 shares of the company's stock worth $328,000 after purchasing an additional 246 shares in the last quarter. Hohimer Wealth Management LLC boosted its holdings in shares of Carriage Services by 4.1% in the 1st quarter. Hohimer Wealth Management LLC now owns 6,456 shares of the company's stock valued at $250,000 after buying an additional 255 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Carriage Services by 4.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,090 shares of the company's stock valued at $313,000 after purchasing an additional 312 shares during the last quarter. Jump Financial LLC lifted its position in Carriage Services by 7.9% during the fourth quarter. Jump Financial LLC now owns 8,200 shares of the company's stock worth $327,000 after acquiring an additional 600 shares during the last quarter. Finally, Hillsdale Investment Management Inc. lifted its holdings in shares of Carriage Services by 1.3% during the fourth quarter. Hillsdale Investment Management Inc. now owns 61,486 shares of the company's stock worth $2,450,000 after buying an additional 800 shares in the last quarter. 66.46% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts have recently commented on CSV shares. Wall Street Zen lowered Carriage Services from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Roth Mkm reaffirmed a "buy" rating and set a $51.00 target price (up previously from $48.00) on shares of Carriage Services in a research report on Friday, May 2nd. Finally, Barrington Research reaffirmed an "outperform" rating and set a $50.00 target price on shares of Carriage Services in a research report on Thursday, May 1st.
View Our Latest Report on Carriage Services
About Carriage Services
(
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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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