California State Teachers Retirement System Sells 752 Shares of Carriage Services, Inc. (NYSE:CSV)

California State Teachers Retirement System cut its holdings in Carriage Services, Inc. (NYSE:CSV) by 5.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,464 shares of the company’s stock after selling 752 shares during the period. California State Teachers Retirement System owned approximately 0.09% of Carriage Services worth $364,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CSV. Mendel Money Management increased its stake in shares of Carriage Services by 187.5% during the first quarter. Mendel Money Management now owns 60,034 shares of the company’s stock valued at $1,623,000 after buying an additional 128,648 shares during the period. BNP Paribas Financial Markets increased its position in Carriage Services by 741.8% during the 1st quarter. BNP Paribas Financial Markets now owns 87,879 shares of the company’s stock valued at $2,376,000 after purchasing an additional 77,439 shares during the period. Hillsdale Investment Management Inc. bought a new position in Carriage Services in the 1st quarter worth $1,517,000. Harbert Fund Advisors Inc. lifted its position in shares of Carriage Services by 31.5% in the 4th quarter. Harbert Fund Advisors Inc. now owns 208,497 shares of the company’s stock worth $5,215,000 after purchasing an additional 50,000 shares during the period. Finally, Heartland Advisors Inc. boosted its stake in shares of Carriage Services by 17.6% during the 4th quarter. Heartland Advisors Inc. now owns 319,046 shares of the company’s stock valued at $7,979,000 after purchasing an additional 47,646 shares in the last quarter. 66.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Carriage Services news, VP Shawn R. Phillips sold 5,000 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $29.73, for a total value of $148,650.00. Following the sale, the vice president now directly owns 97,801 shares of the company’s stock, valued at $2,907,623.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Shane Pudenz sold 1,443 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $27.30, for a total transaction of $39,393.90. Following the completion of the sale, the senior vice president now owns 13,460 shares of the company’s stock, valued at $367,458. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shawn R. Phillips sold 5,000 shares of the business’s stock in a transaction that occurred on 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 owns 97,801 shares of the company’s stock, valued at $2,907,623.73. The disclosure for this sale can be found here. Insiders have sold 16,826 shares of company stock worth $497,269 in the last 90 days. Insiders own 12.10% of the company’s stock.

Carriage Services Trading Up 0.9 %

Shares of NYSE CSV opened at $31.43 on Monday. Carriage Services, Inc. has a 1 year low of $18.06 and a 1 year high of $35.00. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.72 and a quick ratio of 0.57. The firm has a 50-day moving average of $28.83 and a 200 day moving average of $26.78. The stock has a market cap of $476.64 million, a P/E ratio of 15.48, a price-to-earnings-growth ratio of 0.92 and a beta of 0.92.

Carriage Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, August 5th will be given a $0.1125 dividend. The ex-dividend date is Monday, August 5th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.43%. Carriage Services’s dividend payout ratio is currently 22.17%.

Analyst Upgrades and Downgrades

CSV has been the subject of a number of research reports. Barrington Research reissued an “outperform” rating and issued a $38.00 price target on shares of Carriage Services in a research note on Tuesday, May 28th. StockNews.com lowered Carriage Services from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, Roth Mkm restated a “buy” rating and set a $40.00 price target (up from $32.00) on shares of Carriage Services in a research report on Friday, August 2nd.

Carriage Services Company Profile

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.