Chemed Co. (NYSE:CHE) Holdings Decreased by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its stake in Chemed Co. (NYSE:CHE) by 6.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 20,025 shares of the company’s stock after selling 1,400 shares during the quarter. New York State Common Retirement Fund’s holdings in Chemed were worth $10,609,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CHE. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Chemed in the fourth quarter valued at approximately $2,540,000. Kestra Investment Management LLC boosted its stake in Chemed by 6.2% during the 4th quarter. Kestra Investment Management LLC now owns 1,060 shares of the company’s stock valued at $561,000 after purchasing an additional 62 shares in the last quarter. Venturi Wealth Management LLC increased its position in shares of Chemed by 82.6% during the 4th quarter. Venturi Wealth Management LLC now owns 776 shares of the company’s stock valued at $411,000 after purchasing an additional 351 shares during the period. CIBC Asset Management Inc raised its stake in shares of Chemed by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 457 shares of the company’s stock worth $242,000 after buying an additional 22 shares in the last quarter. Finally, AlphaCentric Advisors LLC acquired a new stake in shares of Chemed in the fourth quarter valued at $520,000. Institutional investors and hedge funds own 95.85% of the company’s stock.

Insider Buying and Selling at Chemed

In related news, EVP Spencer S. Lee sold 732 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $575.62, for a total value of $421,353.84. Following the completion of the sale, the executive vice president now owns 18,287 shares in the company, valued at approximately $10,526,362.94. This represents a 3.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Brian C. Judkins acquired 145 shares of the stock in a transaction on Monday, December 30th. The shares were purchased at an average price of $519.50 per share, for a total transaction of $75,327.50. Following the completion of the transaction, the vice president now owns 1,678 shares in the company, valued at approximately $871,721. This represents a 9.46 % increase in their position. The disclosure for this purchase can be found here. Insiders own 3.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CHE. StockNews.com raised Chemed from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Royal Bank of Canada dropped their target price 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.

Chemed Stock Up 0.3 %

CHE opened at $547.68 on Tuesday. The business has a fifty day simple moving average of $542.75 and a 200-day simple moving average of $563.42. The firm has a market cap of $8.24 billion, a PE ratio of 27.67, a P/E/G ratio of 2.15 and a beta of 0.48. Chemed Co. has a fifty-two week low of $512.12 and a fifty-two week high of $654.62.

Chemed Dividend Announcement

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