Wealth Alliance Cuts Holdings in Chemed Co. (NYSE:CHE)

Wealth Alliance trimmed its holdings in shares of Chemed Co. (NYSE:CHE) by 4.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 559 shares of the company’s stock after selling 26 shares during the quarter. Wealth Alliance’s holdings in Chemed were worth $296,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. increased its holdings in Chemed by 300.0% during the fourth quarter. UMB Bank n.a. now owns 52 shares of the company’s stock valued at $28,000 after buying an additional 39 shares during the period. Trust Co. of Vermont purchased a new position in Chemed in the fourth quarter worth $34,000. Allworth Financial LP grew its holdings in Chemed by 2,057.1% in the fourth quarter. Allworth Financial LP now owns 151 shares of the company’s stock worth $83,000 after purchasing an additional 144 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Chemed by 2,314.3% in the third quarter. Farther Finance Advisors LLC now owns 338 shares of the company’s stock worth $203,000 after purchasing an additional 324 shares during the last quarter. Finally, KBC Group NV grew its holdings in Chemed by 11.5% in the third quarter. KBC Group NV now owns 378 shares of the company’s stock worth $227,000 after purchasing an additional 39 shares during the last quarter. 95.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on CHE shares. StockNews.com raised shares of Chemed from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Royal Bank of Canada cut their price target on shares of Chemed from $697.00 to $633.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th.

Insider Transactions at Chemed

In other news, CEO Kevin J. Mcnamara sold 2,000 shares of Chemed stock in a transaction on Monday, November 25th. The shares were sold at an average price of $572.77, for a total transaction of $1,145,540.00. Following the completion of the sale, the chief executive officer now directly owns 101,735 shares in the company, valued at approximately $58,270,755.95. The trade was a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Spencer S. Lee sold 732 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $575.62, for a total transaction of $421,353.84. Following the transaction, the executive vice president now owns 18,287 shares of the company’s stock, valued at $10,526,362.94. This represents a 3.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.32% of the company’s stock.

Chemed Trading Down 1.0 %

NYSE:CHE opened at $544.75 on Friday. Chemed Co. has a 12 month low of $512.12 and a 12 month high of $654.62. The firm has a fifty day simple moving average of $542.60 and a 200-day simple moving average of $563.80. The company has a market capitalization of $8.20 billion, a P/E ratio of 27.53, a PEG ratio of 2.17 and a beta of 0.48.

Chemed Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, February 24th will be paid a dividend of $0.50 per share. The ex-dividend date is Monday, February 24th. This represents a $2.00 annualized dividend and a dividend yield of 0.37%. Chemed’s payout ratio is currently 10.11%.

About Chemed

Chemed Corporation provides hospice and palliative care services to patients through a network of physicians, registered nurses, home health aides, social workers, clergy, and volunteers primarily in the United States. The company operates in VITAS and Roto-Rooter segments. It offers plumbing, drain cleaning, excavation, water restoration, and other related services to residential and commercial customers through company-owned branches, independent contractors, and franchisees.