Mendel Money Management Sells 12,430 Shares of Carriage Services, Inc. $CSV

Mendel Money Management decreased its position in Carriage Services, Inc. (NYSE:CSV) by 23.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 39,929 shares of the company’s stock after selling 12,430 shares during the period. Mendel Money Management’s holdings in Carriage Services were worth $1,778,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its holdings in shares of Carriage Services by 3.0% in the second quarter. Russell Investments Group Ltd. now owns 8,833 shares of the company’s stock worth $404,000 after acquiring an additional 258 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in Carriage Services by 22.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,450 shares of the company’s stock worth $66,000 after purchasing an additional 262 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Carriage Services by 4.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,090 shares of the company’s stock worth $313,000 after buying an additional 312 shares during the period. Prudential Financial Inc. lifted its stake in Carriage Services by 3.0% in the second quarter. Prudential Financial Inc. now owns 11,245 shares of the company’s stock valued at $514,000 after buying an additional 330 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Carriage Services by 112.8% in the third quarter. Jones Financial Companies Lllp now owns 1,011 shares of the company’s stock valued at $46,000 after buying an additional 536 shares during the period. Institutional investors and hedge funds own 66.46% of the company’s stock.

Analysts Set New Price Targets

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

Carriage Services Trading Down 0.1%

Shares of NYSE:CSV opened at $44.28 on Friday. Carriage Services, Inc. has a 52-week low of $35.51 and a 52-week high of $49.41. The company has a market capitalization of $696.97 million, a P/E ratio of 14.24, a price-to-earnings-growth ratio of 0.85 and a beta of 0.95. The company has a 50-day simple moving average of $43.21 and a 200 day simple moving average of $43.75. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.75 and a current ratio of 0.88.

Carriage Services Dividend Announcement

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

About Carriage Services

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.