Mutual of America Capital Management LLC lowered its position in shares of Chemed Co. (NYSE:CHE – Free Report) by 11.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,669 shares of the company’s stock after selling 1,114 shares during the quarter. Mutual of America Capital Management LLC owned 0.06% of Chemed worth $4,704,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Principal Securities Inc. bought a new position in Chemed in the fourth quarter valued at $51,000. Norges Bank acquired a new position in shares of Chemed during the 4th quarter worth about $92,359,000. Corient Private Wealth LLC grew its holdings in shares of Chemed by 7.9% in the 4th quarter. Corient Private Wealth LLC now owns 2,741 shares of the company’s stock valued at $1,603,000 after acquiring an additional 200 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of Chemed in the fourth quarter valued at about $3,254,000. Finally, Franklin Resources Inc. raised its holdings in Chemed by 45.4% during the fourth quarter. Franklin Resources Inc. now owns 9,861 shares of the company’s stock worth $5,766,000 after acquiring an additional 3,077 shares in the last quarter. 95.85% of the stock is owned by institutional investors.
Chemed Stock Down 0.5 %
CHE stock opened at $582.06 on Friday. The company has a market cap of $8.81 billion, a price-to-earnings ratio of 31.33, a P/E/G ratio of 2.31 and a beta of 0.44. Chemed Co. has a twelve month low of $497.36 and a twelve month high of $654.62. The business has a 50 day moving average price of $569.34 and a two-hundred day moving average price of $577.64.
Chemed Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 12th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.34%. This is a boost from Chemed’s previous quarterly dividend of $0.40. The ex-dividend date was Monday, August 12th. Chemed’s dividend payout ratio is presently 10.76%.
Insider Activity at Chemed
In other Chemed news, EVP Nicholas Michael Westfall sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $561.58, for a total value of $1,123,160.00. Following the sale, the executive vice president now owns 5,990 shares in the company, valued at $3,363,864.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Nicholas Michael Westfall sold 2,000 shares of the stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $561.58, for a total value of $1,123,160.00. Following the transaction, the executive vice president now directly owns 5,990 shares of the company’s stock, valued at $3,363,864.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrea R. Lindell sold 831 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $571.51, for a total transaction of $474,924.81. Following the sale, the director now owns 5,725 shares of the company’s stock, valued at approximately $3,271,894.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,744 shares of company stock worth $3,828,231. Insiders own 3.32% of the company’s stock.
Chemed 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.
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