Chemed Co. (NYSE:CHE) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund cut its stake in Chemed Co. (NYSE:CHE) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,025 shares of the company’s stock after selling 1,400 shares during the period. New York State Common Retirement Fund owned 0.13% of Chemed worth $10,609,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its position in shares of Chemed by 300.0% in the 4th 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. Trust Co. of Vermont acquired a new position in Chemed in the fourth quarter worth about $34,000. Allworth Financial LP increased its holdings in Chemed by 2,057.1% in the fourth quarter. Allworth Financial LP now owns 151 shares of the company’s stock valued at $83,000 after buying an additional 144 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Chemed by 2,314.3% during the third quarter. Farther Finance Advisors LLC now owns 338 shares of the company’s stock valued at $203,000 after buying an additional 324 shares in the last quarter. Finally, KBC Group NV lifted its holdings in Chemed by 11.5% during the 3rd quarter. KBC Group NV now owns 378 shares of the company’s stock worth $227,000 after buying an additional 39 shares during the last quarter. 95.85% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, VP Brian C. Judkins bought 145 shares of Chemed stock in a transaction on Monday, December 30th. The stock was purchased at an average cost of $519.50 per share, with a total value of $75,327.50. Following the purchase, the vice president now directly owns 1,678 shares of the company’s stock, valued at approximately $871,721. This trade represents a 9.46 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Spencer S. Lee sold 732 shares of the firm’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 transaction of $421,353.84. Following the completion of the sale, the executive vice president now owns 18,287 shares in the company, valued at $10,526,362.94. The trade was a 3.85 % decrease in their position. The disclosure for this sale can be found here. 3.32% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CHE has been the subject of a number of research analyst reports. Royal Bank of Canada lowered their price target on Chemed from $697.00 to $633.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. StockNews.com raised shares of Chemed from a “hold” rating to a “buy” rating in a report on Saturday, November 30th.

Chemed Stock Up 0.3 %

Shares of CHE stock opened at $547.68 on Tuesday. The business has a 50 day moving average of $542.75 and a two-hundred day moving average of $563.42. The company has a market cap of $8.24 billion, a P/E ratio of 27.67, a PEG ratio of 2.15 and a beta of 0.48. Chemed Co. has a 52 week low of $512.12 and a 52 week high of $654.62.

Chemed Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors 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 dividend on an annualized basis and a yield of 0.37%. Chemed’s payout ratio is currently 10.11%.

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.