Sanctuary Advisors LLC Sells 78 Shares of Chemed Co. (NYSE:CHE)

Sanctuary Advisors LLC lowered its stake in shares of Chemed Co. (NYSE:CHE) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,078 shares of the company’s stock after selling 78 shares during the period. Sanctuary Advisors LLC’s holdings in Chemed were worth $1,728,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. UMB Bank n.a. increased its holdings in Chemed by 300.0% during the fourth 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 position in shares of Chemed in the 4th quarter valued at about $34,000. Allworth Financial LP increased its stake in shares of Chemed by 2,057.1% during 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 last quarter. Farther Finance Advisors LLC raised its holdings in shares of Chemed by 2,314.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 338 shares of the company’s stock valued at $203,000 after purchasing an additional 324 shares during the period. Finally, KBC Group NV raised its holdings in shares of Chemed by 11.5% in the 3rd quarter. KBC Group NV now owns 378 shares of the company’s stock valued at $227,000 after purchasing an additional 39 shares during the period. Institutional investors own 95.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Royal Bank of Canada lowered their price target 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 raised Chemed from a “hold” rating to a “buy” rating in a report on Saturday, November 30th.

Chemed Stock Performance

Shares of CHE stock opened at $547.68 on Tuesday. Chemed Co. has a 52 week low of $512.12 and a 52 week high of $654.62. The company has a market capitalization of $8.24 billion, a price-to-earnings ratio of 27.67, a PEG ratio of 2.15 and a beta of 0.48. The company has a 50-day simple moving average of $542.75 and a 200 day simple moving average of $563.42.

Chemed Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, February 24th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend is Monday, February 24th. Chemed’s payout ratio is 10.11%.

Insider Activity

In other Chemed news, EVP Spencer S. Lee sold 732 shares of Chemed stock in a transaction dated Wednesday, November 27th. The shares were 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 owns 18,287 shares in the company, valued at $10,526,362.94. The trade was a 3.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brian C. Judkins acquired 145 shares of the business’s stock in a transaction on Monday, December 30th. The stock was acquired at an average cost of $519.50 per share, with a total value of $75,327.50. Following the acquisition, the vice president now directly owns 1,678 shares in the company, valued at approximately $871,721. This trade represents a 9.46 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.32% of the stock is owned by company insiders.

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.