Blue Trust Inc. Has $818,000 Position in Chemed Co. (NYSE:CHE)

Blue Trust Inc. cut its stake in shares of Chemed Co. (NYSE:CHE) by 17.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,544 shares of the company’s stock after selling 331 shares during the quarter. Blue Trust Inc.’s holdings in Chemed were worth $818,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vontobel Holding Ltd. acquired a new position in Chemed during the 4th quarter worth about $1,083,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Chemed during the 4th quarter worth about $2,540,000. Van ECK Associates Corp lifted its holdings in Chemed by 30.4% during the 4th quarter. Van ECK Associates Corp now owns 15,141 shares of the company’s stock worth $8,022,000 after buying an additional 3,531 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Chemed by 9.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 46,052 shares of the company’s stock worth $24,314,000 after buying an additional 3,785 shares during the period. Finally, Schwartz Investment Counsel Inc. lifted its holdings in Chemed by 1.0% during the 4th quarter. Schwartz Investment Counsel Inc. now owns 119,163 shares of the company’s stock worth $63,133,000 after buying an additional 1,173 shares during the period. 95.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on CHE. Royal Bank of Canada cut their target price on Chemed from $697.00 to $633.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. StockNews.com upgraded Chemed from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th.

Insiders Place Their Bets

In other news, EVP Spencer S. Lee sold 732 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $575.62, for a total value of $421,353.84. Following the completion of the sale, the executive vice president now directly owns 18,287 shares of the company’s stock, valued at $10,526,362.94. This represents a 3.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Kevin J. Mcnamara sold 2,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 101,735 shares of the company’s stock, valued at approximately $58,270,755.95. This trade represents a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.32% of the company’s stock.

Chemed Price Performance

Shares of Chemed stock opened at $553.10 on Monday. The stock’s 50-day moving average is $542.34 and its 200 day moving average is $564.65. The firm has a market cap of $8.32 billion, a price-to-earnings ratio of 27.95, a PEG ratio of 2.16 and a beta of 0.48. Chemed Co. has a one year low of $512.12 and a one year high of $654.62.

Chemed Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.36%. 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.