Axxcess Wealth Management LLC Grows Stock Holdings in Carriage Services, Inc. $CSV

Axxcess Wealth Management LLC boosted its stake in shares of Carriage Services, Inc. (NYSE:CSV) by 42.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 45,964 shares of the company’s stock after purchasing an additional 13,703 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Carriage Services were worth $2,047,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of CSV. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Carriage Services by 4.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,090 shares of the company’s stock worth $313,000 after acquiring an additional 312 shares during the period. Jones Financial Companies Lllp boosted its position in Carriage Services by 1,736.0% during the first 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. Jane Street Group LLC purchased a new stake in Carriage Services during the first quarter worth $689,000. R Squared Ltd acquired a new stake in Carriage Services in the second quarter valued at $259,000. Finally, Simplex Trading LLC increased 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 valued at $69,000 after buying an additional 1,226 shares in the last quarter. 66.46% of the stock is currently owned by institutional investors and hedge funds.

Carriage Services Price Performance

Carriage Services stock 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 12-month low of $35.51 and a 12-month high of $49.41. The company has a debt-to-equity ratio of 2.23, a current ratio of 0.88 and a quick ratio of 0.75. The firm’s 50-day moving average is $43.21 and its two-hundred day moving average is $43.75.

Carriage Services Announces Dividend

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

Analyst Upgrades and Downgrades

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

Carriage Services Company 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.