Bank of Montreal Can Sells 2,391 Shares of Chemed Co. (NYSE:CHE)

Bank of Montreal Can trimmed its holdings in shares of Chemed Co. (NYSE:CHE - Free Report) by 43.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,082 shares of the company's stock after selling 2,391 shares during the period. Bank of Montreal Can's holdings in Chemed were worth $1,633,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. MML Investors Services LLC increased its position in shares of Chemed by 3.9% during the third quarter. MML Investors Services LLC now owns 1,457 shares of the company's stock valued at $876,000 after buying an additional 55 shares during the period. Franklin Resources Inc. lifted its stake in Chemed by 21.3% in the third quarter. Franklin Resources Inc. now owns 8,800 shares of the company's stock worth $5,282,000 after purchasing an additional 1,544 shares during the last quarter. Central Pacific Bank Trust Division boosted its holdings in Chemed by 11.4% during the 4th quarter. Central Pacific Bank Trust Division now owns 880 shares of the company's stock valued at $466,000 after acquiring an additional 90 shares during the period. Nordea Investment Management AB increased its stake in shares of Chemed by 4.9% in the fourth quarter. Nordea Investment Management AB now owns 13,639 shares of the company's stock worth $7,242,000 after buying an additional 635 shares during the period. Finally, Harbor Capital Advisors Inc. raised its stake in shares of Chemed by 18.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 3,188 shares of the company's stock valued at $1,689,000 after acquiring an additional 496 shares during the last quarter. 95.85% of the stock is owned by institutional investors.

Chemed Stock Up 1.6 %

Shares of CHE stock traded up $9.16 during mid-day trading on Wednesday, reaching $588.66. 31,459 shares of the company's stock traded hands, compared to its average volume of 112,082. The company's 50-day moving average price is $586.98 and its 200-day moving average price is $567.41. The company has a market cap of $8.60 billion, a P/E ratio of 29.75, a P/E/G ratio of 2.15 and a beta of 0.49. Chemed Co. has a 12 month low of $512.12 and a 12 month high of $623.60.

Chemed Announces Dividend

The company also recently announced 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 of this dividend was Monday, February 24th. This represents a $2.00 annualized dividend and a yield of 0.34%. Chemed's dividend payout ratio (DPR) is presently 10.05%.

Insider Transactions at Chemed

In other news, CEO Kevin J. Mcnamara sold 1,000 shares of Chemed stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $615.33, for a total value of $615,330.00. Following the completion of the sale, the chief executive officer now directly owns 101,679 shares in the company, valued at $62,566,139.07. The trade was a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 3.32% of the company's stock.

Analyst Upgrades and Downgrades

CHE has been the topic of a number of research analyst reports. StockNews.com raised shares of Chemed from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. Royal Bank of Canada upped their target price on Chemed from $633.00 to $667.00 and gave the stock an "outperform" rating in a report on Friday, March 14th.

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.