Chemed Co. (NYSE:CHE) CEO Kevin J. Mcnamara Sells 1,000 Shares

Chemed Co. (NYSE:CHE) CEO Kevin J. Mcnamara sold 1,000 shares of Chemed stock in a transaction on Monday, March 31st. The stock was sold at an average price of $615.33, for a total transaction of $615,330.00. Following the completion of the transaction, the chief executive officer now directly owns 101,679 shares of the company’s stock, valued at $62,566,139.07. The trade was a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Chemed Price Performance

Shares of Chemed stock traded up $0.84 during trading on Tuesday, hitting $616.16. The stock had a trading volume of 46,936 shares, compared to its average volume of 93,535. Chemed Co. has a 12 month low of $512.12 and a 12 month high of $642.68. The firm’s fifty day simple moving average is $575.36 and its 200-day simple moving average is $566.98. The stock has a market cap of $9.02 billion, a PE ratio of 31.13, a PEG ratio of 2.15 and a beta of 0.43.

Chemed Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date was Monday, February 24th. Chemed’s dividend payout ratio is currently 10.05%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CHE shares. StockNews.com upgraded Chemed from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Royal Bank of Canada lifted their target price on Chemed from $633.00 to $667.00 and gave the stock an “outperform” rating in a report on Friday, March 14th.

Hedge Funds Weigh In On Chemed

Large investors have recently bought and sold shares of the business. UMB Bank n.a. lifted its position in shares of Chemed by 300.0% during the fourth quarter. UMB Bank n.a. now owns 52 shares of the company’s stock worth $28,000 after purchasing an additional 39 shares during the last quarter. Atala Financial Inc bought a new position in shares of Chemed in the fourth quarter worth about $29,000. CBIZ Investment Advisory Services LLC increased its stake in Chemed by 64.7% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 56 shares of the company’s stock worth $30,000 after buying an additional 22 shares during the period. Trust Co. of Vermont bought a new stake in Chemed during the 4th quarter valued at about $34,000. Finally, Tortoise Investment Management LLC boosted its position in Chemed by 77.3% in the 4th quarter. Tortoise Investment Management LLC now owns 78 shares of the company’s stock valued at $41,000 after buying an additional 34 shares during the period. Hedge funds and other institutional investors own 95.85% of the company’s stock.

Chemed Company Profile

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.