Chemed Co. (NYSE:CHE) Shares Sold by Golden State Equity Partners

Golden State Equity Partners lessened its stake in Chemed Co. (NYSE:CHE) by 30.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 524 shares of the company’s stock after selling 225 shares during the quarter. Golden State Equity Partners’ holdings in Chemed were worth $278,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. UMB Bank n.a. increased its stake in shares of Chemed by 300.0% in the 4th quarter. UMB Bank n.a. now owns 52 shares of the company’s stock valued at $28,000 after purchasing an additional 39 shares in the last quarter. Trust Co. of Vermont acquired a new position in shares of Chemed during the 4th quarter worth approximately $34,000. GAMMA Investing LLC lifted its holdings in Chemed by 60.5% in the third quarter. GAMMA Investing LLC now owns 138 shares of the company’s stock valued at $83,000 after acquiring an additional 52 shares during the last quarter. Sound Income Strategies LLC acquired a new position in Chemed in the third quarter valued at approximately $201,000. Finally, Farther Finance Advisors LLC lifted its stake in Chemed by 2,314.3% during the third quarter. Farther Finance Advisors LLC now owns 338 shares of the company’s stock worth $203,000 after purchasing an additional 324 shares in the last quarter. Institutional investors and hedge funds own 95.85% of the company’s stock.

Insider Transactions at Chemed

In other news, EVP Spencer S. Lee sold 732 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $575.62, for a total transaction of $421,353.84. Following the completion of the transaction, the executive vice president now owns 18,287 shares in the company, valued at approximately $10,526,362.94. This represents a 3.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Brian C. Judkins purchased 145 shares of the stock in a transaction dated Monday, December 30th. The shares were purchased at an average price of $519.50 per share, with a total value of $75,327.50. Following the transaction, the vice president now directly owns 1,678 shares of the company’s stock, valued at approximately $871,721. The trade was a 9.46 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 3.32% of the company’s stock.

Chemed Stock Performance

Chemed stock opened at $556.15 on Tuesday. Chemed Co. has a 1 year low of $512.12 and a 1 year high of $654.62. The firm has a 50 day moving average price of $544.46 and a 200 day moving average price of $564.36. The company has a market cap of $8.37 billion, a price-to-earnings ratio of 28.10, a PEG ratio of 2.19 and a beta of 0.48.

Chemed Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 18th were given a dividend of $0.50 per share. The ex-dividend date was Monday, November 18th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.36%. Chemed’s payout ratio is currently 10.11%.

Analysts Set New Price Targets

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

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.