Chemed Co. (NYSE:CHE) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its holdings in shares of Chemed Co. (NYSE:CHE) by 50.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,619 shares of the company’s stock after selling 8,798 shares during the period. Victory Capital Management Inc. owned approximately 0.06% of Chemed worth $4,566,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CHE. UMB Bank n.a. boosted its stake in shares of Chemed by 300.0% during the 4th quarter. UMB Bank n.a. now owns 52 shares of the company’s stock worth $28,000 after acquiring an additional 39 shares in the last quarter. Trust Co. of Vermont purchased a new stake in shares of Chemed during the 4th quarter worth approximately $34,000. SRS Capital Advisors Inc. boosted its stake in shares of Chemed by 39.2% during the 4th quarter. SRS Capital Advisors Inc. now owns 135 shares of the company’s stock worth $72,000 after acquiring an additional 38 shares in the last quarter. Allworth Financial LP boosted 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 acquiring an additional 144 shares in the last quarter. Finally, KBC Group NV lifted its stake in 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 buying an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 95.85% of the company’s stock.

Chemed Stock Performance

Shares of CHE opened at $598.15 on Friday. The stock has a fifty day moving average of $560.28 and a two-hundred day moving average of $564.79. The company has a market capitalization of $8.76 billion, a PE ratio of 30.22, a price-to-earnings-growth ratio of 2.15 and a beta of 0.43. Chemed Co. has a fifty-two week low of $512.12 and a fifty-two week high of $654.62.

Chemed Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were issued a $0.50 dividend. The ex-dividend date was Monday, February 24th. This represents a $2.00 annualized dividend and a yield of 0.33%. Chemed’s dividend payout ratio (DPR) is presently 10.05%.

Insider Buying and Selling at Chemed

In other Chemed news, CEO Kevin J. Mcnamara sold 2,000 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $593.67, for a total value of $1,187,340.00. Following the completion of the transaction, the chief executive officer now directly owns 102,679 shares of the company’s stock, valued at $60,957,441.93. This represents a 1.91 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Brian C. Judkins acquired 145 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was purchased 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 in the company, valued at $871,721. The trade was 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 currently owned by insiders.

Wall Street Analyst Weigh In

CHE has been the topic of a number of recent research reports. StockNews.com raised Chemed from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. Royal Bank of Canada upped their target price on Chemed from $633.00 to $667.00 and gave the company an “outperform” rating in a research note on Friday.

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.