Bank of Montreal Can continued to hold its position in shares of Carriage Services, Inc. (NYSE:CSV) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 389,872 shares of the company’s stock at the end of the second quarter. Bank of Montreal Can owned approximately 2.33% of Carriage Services worth $10,511,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. State Street Corp boosted its stake in Carriage Services by 9.2% in the fourth quarter. State Street Corp now owns 281,318 shares of the company’s stock worth $8,055,000 after buying an additional 23,595 shares during the last quarter. Teachers Advisors LLC boosted its stake in Carriage Services by 1.2% in the fourth quarter. Teachers Advisors LLC now owns 32,592 shares of the company’s stock worth $933,000 after buying an additional 401 shares during the last quarter. Macquarie Group Ltd. boosted its stake in Carriage Services by 15.5% in the fourth quarter. Macquarie Group Ltd. now owns 41,700 shares of the company’s stock worth $1,194,000 after buying an additional 5,600 shares during the last quarter. Capital Impact Advisors LLC boosted its stake in Carriage Services by 38.1% in the first quarter. Capital Impact Advisors LLC now owns 59,229 shares of the company’s stock worth $1,606,000 after buying an additional 16,342 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Carriage Services by 7.0% in the first quarter. Wells Fargo & Company MN now owns 106,135 shares of the company’s stock worth $2,879,000 after buying an additional 6,924 shares during the last quarter. Institutional investors own 86.93% of the company’s stock.
Carriage Services, Inc. (CSV) traded up 0.96% during midday trading on Friday, reaching $24.15. The company’s stock had a trading volume of 61,264 shares. The firm has a market capitalization of $403.79 million, a PE ratio of 20.45 and a beta of 0.92. Carriage Services, Inc. has a 1-year low of $22.53 and a 1-year high of $29.11. The firm has a 50 day moving average price of $25.55 and a 200 day moving average price of $26.44.
Carriage Services (NYSE:CSV) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by $0.10. The business had revenue of $63.87 million during the quarter, compared to analyst estimates of $64.35 million. Carriage Services had a return on equity of 15.25% and a net margin of 8.35%. Carriage Services’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.37 EPS. On average, analysts predict that Carriage Services, Inc. will post $1.62 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 14th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Thursday, August 10th. Carriage Services’s dividend payout ratio is currently 16.95%.
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CSV has been the topic of a number of recent research reports. Zacks Investment Research upgraded Carriage Services from a “sell” rating to a “hold” rating in a research note on Friday, April 28th. Jefferies Group LLC reiterated a “hold” rating and issued a $82.00 target price on shares of Carriage Services in a research note on Monday, June 12th. Finally, BidaskClub cut Carriage Services from a “hold” rating to a “sell” rating in a research note on Friday, July 28th.
About Carriage Services
Carriage Services, Inc is a provider of death care services and merchandise in the United States. The Company operates in two business segments: Funeral Home Operations and Cemetery Operations. The Funeral Homes segment provides funeral services (traditional burial and cremation) and sells related merchandise, such as caskets and urns.
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