Chemed Co. (NYSE:CHE) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System decreased its position in shares of Chemed Co. (NYSE:CHE - Free Report) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,548 shares of the company's stock after selling 1,438 shares during the quarter. California Public Employees Retirement System owned approximately 0.46% of Chemed worth $36,847,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. CIBC Asset Management Inc lifted its stake in shares of Chemed by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 457 shares of the company's stock valued at $242,000 after purchasing an additional 22 shares during the last quarter. CBIZ Investment Advisory Services LLC raised its holdings in Chemed by 64.7% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 56 shares of the company's stock valued at $30,000 after buying an additional 22 shares during the period. EP Wealth Advisors LLC lifted its position in Chemed by 1.9% in the third quarter. EP Wealth Advisors LLC now owns 1,354 shares of the company's stock valued at $814,000 after buying an additional 25 shares during the last quarter. Independent Advisor Alliance boosted its stake in Chemed by 1.1% during the fourth quarter. Independent Advisor Alliance now owns 2,279 shares of the company's stock worth $1,207,000 after buying an additional 25 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in shares of Chemed by 7.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 498 shares of the company's stock valued at $264,000 after acquiring an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 95.85% of the company's stock.

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Insider Buying and Selling

In other Chemed news, CEO Kevin J. Mcnamara sold 1,000 shares of the firm's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $615.33, for a total transaction of $615,330.00. Following the transaction, the chief executive officer now directly owns 101,679 shares of the company's stock, valued at approximately $62,566,139.07. This trade represents a 0.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.32% of the stock is owned by company insiders.

Chemed Price Performance

Shares of CHE traded down $22.01 during midday trading on Monday, reaching $575.33. The stock had a trading volume of 162,812 shares, compared to its average volume of 96,001. The company has a market cap of $8.42 billion, a price-to-earnings ratio of 29.07, a PEG ratio of 2.15 and a beta of 0.49. The company's fifty day simple moving average is $580.26 and its two-hundred day simple moving average is $567.90. Chemed Co. has a 1-year low of $512.12 and a 1-year high of $632.22.

Chemed Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date was Monday, February 24th. Chemed's dividend payout ratio (DPR) is 10.05%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. StockNews.com upgraded shares of Chemed from a "hold" rating to a "buy" rating in a report on Friday, March 7th. Royal Bank of Canada lifted their price objective on Chemed from $633.00 to $667.00 and gave the company an "outperform" rating in a research note 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.