Axa S.A. Takes $932,000 Position in Carriage Services, Inc. (NYSE:CSV)

Axa S.A. purchased a new stake in shares of Carriage Services, Inc. (NYSE:CSV) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 34,719 shares of the company’s stock, valued at approximately $932,000. Axa S.A. owned 0.23% of Carriage Services as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CSV. Price T Rowe Associates Inc. MD lifted its stake in Carriage Services by 7.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,475 shares of the company’s stock valued at $284,000 after buying an additional 746 shares during the period. FinTrust Capital Advisors LLC acquired a new position in Carriage Services in the first quarter valued at about $27,000. nVerses Capital LLC lifted its stake in Carriage Services by 550.0% in the second quarter. nVerses Capital LLC now owns 1,300 shares of the company’s stock valued at $35,000 after buying an additional 1,100 shares during the period. Marshall Wace LLP lifted its stake in Carriage Services by 3.0% in the second quarter. Marshall Wace LLP now owns 38,414 shares of the company’s stock valued at $1,031,000 after buying an additional 1,125 shares during the period. Finally, Parallel Advisors LLC acquired a new position in Carriage Services in the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 66.46% of the company’s stock.

Carriage Services Trading Down 0.3 %

NYSE CSV opened at $32.73 on Wednesday. The firm has a market cap of $496.35 million, a P/E ratio of 16.12, a P/E/G ratio of 0.94 and a beta of 0.94. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.85 and a quick ratio of 0.69. The stock’s 50-day moving average is $31.93 and its 200-day moving average is $28.48. Carriage Services, Inc. has a one year low of $18.06 and a one year high of $35.00.

Carriage Services (NYSE:CSV) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.10. The company had revenue of $102.32 million for the quarter, compared to analyst estimates of $94.40 million. Carriage Services had a return on equity of 21.99% and a net margin of 7.47%. Sell-side analysts anticipate that Carriage Services, Inc. will post 2.34 earnings per share for the current fiscal year.

Carriage Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 5th were given a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Monday, August 5th. Carriage Services’s dividend payout ratio is currently 22.17%.

Wall Street Analyst Weigh In

Separately, Roth Mkm reissued a “buy” rating and issued a $40.00 target price (up previously from $32.00) on shares of Carriage Services in a research note on Friday, August 2nd.

Insider Transactions at Carriage Services

In related news, VP Shawn R. Phillips sold 5,000 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $29.73, for a total transaction of $148,650.00. Following the completion of the transaction, the vice president now directly owns 97,801 shares in the company, valued at $2,907,623.73. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, VP Shawn R. Phillips sold 5,000 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $29.73, for a total transaction of $148,650.00. Following the completion of the transaction, the vice president now directly owns 97,801 shares in the company, valued at $2,907,623.73. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Shawn R. Phillips sold 7,101 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $30.00, for a total value of $213,030.00. Following the transaction, the vice president now owns 90,700 shares of the company’s stock, valued at $2,721,000. The disclosure for this sale can be found here. 12.10% of the stock is currently owned by insiders.

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.