Vestcor Inc Sells 103 Shares of Chemed Co. (NYSE:CHE)

Vestcor Inc lessened its holdings in Chemed Co. (NYSE:CHE) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,248 shares of the company’s stock after selling 103 shares during the period. Vestcor Inc’s holdings in Chemed were worth $2,251,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. UMB Bank n.a. increased its holdings 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 buying an additional 39 shares during the last quarter. Trust Co. of Vermont bought a new stake in Chemed during the fourth quarter worth approximately $34,000. Tortoise Investment Management LLC raised its position in Chemed by 77.3% during the fourth quarter. Tortoise Investment Management LLC now owns 78 shares of the company’s stock valued at $41,000 after purchasing an additional 34 shares during the period. SRS Capital Advisors Inc. lifted its stake in shares of Chemed by 39.2% in the 4th quarter. SRS Capital Advisors Inc. now owns 135 shares of the company’s stock valued at $72,000 after purchasing an additional 38 shares during the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of Chemed by 2,057.1% in the 4th quarter. Allworth Financial LP now owns 151 shares of the company’s stock worth $83,000 after purchasing an additional 144 shares during the period. Institutional investors own 95.85% of the company’s stock.

Chemed Stock Performance

Shares of NYSE CHE opened at $598.15 on Friday. The business’s 50 day moving average price is $559.02 and its 200-day moving average price is $564.62. Chemed Co. has a fifty-two week low of $512.12 and a fifty-two week high of $654.62. The company has a market cap of $8.76 billion, a price-to-earnings ratio of 30.22, a PEG ratio of 2.15 and a beta of 0.43.

Chemed Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders 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 0.33%. The ex-dividend date was Monday, February 24th. Chemed’s dividend payout ratio is currently 10.05%.

Insider Activity

In other Chemed news, CEO Kevin J. Mcnamara sold 2,000 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $593.67, for a total value of $1,187,340.00. Following the completion of the sale, the chief executive officer now directly owns 102,679 shares in the company, valued at approximately $60,957,441.93. This represents a 1.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Brian C. Judkins purchased 145 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were purchased at an average cost of $519.50 per share, for a total transaction of $75,327.50. Following the transaction, the vice president now directly 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 Analyst Weigh In

A number of analysts recently issued reports 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 price target on shares of Chemed from $633.00 to $667.00 and gave the stock an “outperform” rating in a research note on Friday.

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.