Charles Schwab Investment Management Inc. Has $5.53 Million Stock Holdings in Carriage Services, Inc. (NYSE:CSV)

Charles Schwab Investment Management Inc. lowered its stake in Carriage Services, Inc. (NYSE:CSV) by 18.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 138,663 shares of the company’s stock after selling 30,500 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Carriage Services were worth $5,526,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CSV. FMR LLC raised its stake in Carriage Services by 46.6% in the 3rd quarter. FMR LLC now owns 852 shares of the company’s stock valued at $28,000 after acquiring an additional 271 shares during the period. R Squared Ltd acquired a new stake in shares of Carriage Services during the 4th quarter worth about $65,000. Point72 Asset Management L.P. boosted its holdings in shares of Carriage Services by 1,074.3% during the 3rd quarter. Point72 Asset Management L.P. now owns 4,697 shares of the company’s stock worth $154,000 after buying an additional 4,297 shares during the period. Verition Fund Management LLC acquired a new position in Carriage Services in the 3rd quarter valued at about $204,000. Finally, EMC Capital Management raised its holdings in Carriage Services by 29.5% in the 4th quarter. EMC Capital Management now owns 6,227 shares of the company’s stock valued at $248,000 after acquiring an additional 1,419 shares during the period. Institutional investors own 66.46% of the company’s stock.

Carriage Services Stock Down 0.9 %

CSV stock opened at $38.10 on Wednesday. Carriage Services, Inc. has a 52 week low of $23.20 and a 52 week high of $42.75. The business has a 50-day simple moving average of $39.90 and a 200 day simple moving average of $37.70. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 2.03. The company has a market cap of $596.27 million, a PE ratio of 17.09, a price-to-earnings-growth ratio of 0.97 and a beta of 0.91.

Carriage Services (NYSE:CSV) last released its earnings results on Wednesday, February 26th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.51 by $0.11. Carriage Services had a net margin of 8.57% and a return on equity of 23.52%. The firm had revenue of $97.70 million for the quarter, compared to analyst estimates of $96.72 million. During the same period last year, the firm earned $0.77 EPS. Sell-side analysts anticipate that Carriage Services, Inc. will post 2.5 EPS for the current fiscal year.

Carriage Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd were paid a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a yield of 1.18%. The ex-dividend date was Monday, February 3rd. Carriage Services’s payout ratio is presently 21.43%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CSV shares. StockNews.com cut Carriage Services from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. Barrington Research reiterated an “outperform” rating and issued a $50.00 price objective on shares of Carriage Services in a research note on Friday, February 28th.

About Carriage Services

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.