Chemed Co. (NYSE:CHE) Shares Acquired by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC raised its stake in shares of Chemed Co. (NYSE:CHE) by 13.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 185 shares of the company’s stock after buying an additional 22 shares during the period. CIBC Private Wealth Group LLC’s holdings in Chemed were worth $98,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. UMB Bank n.a. boosted its holdings in shares of Chemed by 300.0% in the fourth quarter. UMB Bank n.a. now owns 52 shares of the company’s stock valued at $28,000 after acquiring an additional 39 shares in the last quarter. Atala Financial Inc acquired a new stake in Chemed in the fourth quarter worth approximately $29,000. CBIZ Investment Advisory Services LLC boosted its stake in Chemed by 64.7% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 56 shares of the company’s stock valued at $30,000 after purchasing an additional 22 shares in the last quarter. Trust Co. of Vermont acquired a new position in shares of Chemed during the 4th quarter valued at $34,000. Finally, Tortoise Investment Management LLC raised its stake in shares of Chemed by 77.3% in the 4th quarter. Tortoise Investment Management LLC now owns 78 shares of the company’s stock worth $41,000 after buying an additional 34 shares in the last quarter. 95.85% of the stock is currently owned by institutional investors.

Chemed Stock Performance

NYSE CHE opened at $571.72 on Wednesday. The stock has a market capitalization of $8.37 billion, a P/E ratio of 28.89, a P/E/G ratio of 2.15 and a beta of 0.49. The business’s fifty day moving average is $580.74 and its two-hundred day moving average is $567.86. Chemed Co. has a 1 year low of $512.12 and a 1 year high of $627.12.

Chemed Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.35%. The ex-dividend date was Monday, February 24th. Chemed’s dividend payout ratio is 10.05%.

Insider Activity at Chemed

In other news, CEO Kevin J. Mcnamara sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $615.33, for a total transaction of $615,330.00. Following the sale, the chief executive officer now owns 101,679 shares in the company, valued at $62,566,139.07. The trade was a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.32% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.