Chemed Co. (NYSE:CHE) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lessened its holdings in Chemed Co. (NYSE:CHE) by 0.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,818 shares of the company’s stock after selling 35 shares during the period. State of Alaska Department of Revenue’s holdings in Chemed were worth $10,498,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. EP Wealth Advisors LLC raised its holdings in Chemed by 1.9% in the 3rd quarter. EP Wealth Advisors LLC now owns 1,354 shares of the company’s stock valued at $814,000 after buying an additional 25 shares during the period. Ballentine Partners LLC increased its position in shares of Chemed by 4.1% during the third quarter. Ballentine Partners LLC now owns 655 shares of the company’s stock valued at $394,000 after acquiring an additional 26 shares during the last quarter. Creative Planning raised its stake in shares of Chemed by 2.8% in the 2nd quarter. Creative Planning now owns 1,228 shares of the company’s stock valued at $667,000 after acquiring an additional 34 shares during the period. First Heartland Consultants Inc. lifted its holdings in shares of Chemed by 7.2% in the 3rd quarter. First Heartland Consultants Inc. now owns 508 shares of the company’s stock worth $305,000 after acquiring an additional 34 shares during the last quarter. Finally, First Trust Direct Indexing L.P. boosted its position in shares of Chemed by 4.5% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 887 shares of the company’s stock worth $533,000 after purchasing an additional 38 shares during the period. 95.85% of the stock is currently owned by hedge funds and other institutional investors.

Chemed Stock Performance

Shares of CHE stock opened at $554.31 on Friday. Chemed Co. has a fifty-two week low of $512.12 and a fifty-two week high of $654.62. The company has a 50 day moving average price of $543.62 and a 200 day moving average price of $564.38. The stock has a market capitalization of $8.34 billion, a P/E ratio of 28.01, a price-to-earnings-growth ratio of 2.19 and a beta of 0.48.

Insiders Place Their Bets

In other Chemed news, CEO Kevin J. Mcnamara sold 2,000 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $572.77, for a total value of $1,145,540.00. Following the sale, the chief executive officer now owns 101,735 shares of the company’s stock, valued at $58,270,755.95. This trade represents a 1.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Brian C. Judkins acquired 145 shares of the stock in a transaction dated Monday, December 30th. The shares were bought at an average cost of $519.50 per share, with a total value of $75,327.50. Following the completion of the transaction, the vice president now owns 1,678 shares of the company’s stock, 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.

Analyst Upgrades and Downgrades

CHE has been the topic of a number of research reports. Royal Bank of Canada decreased their price target on Chemed from $697.00 to $633.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. StockNews.com upgraded Chemed from a “hold” rating to a “buy” rating in a report on Saturday, November 30th.

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.