Chemed Co. (NYSE:CHE) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its position in shares of Chemed Co. (NYSE:CHE - Free Report) by 6.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,025 shares of the company's stock after selling 1,400 shares during the period. New York State Common Retirement Fund owned 0.13% of Chemed worth $10,609,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of CHE. UMB Bank n.a. grew its stake in 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 buying an additional 39 shares during the last quarter. Trust Co. of Vermont acquired a new stake in shares of Chemed during the fourth quarter worth $34,000. Allworth Financial LP grew its holdings in shares of Chemed by 2,057.1% during the fourth quarter. Allworth Financial LP now owns 151 shares of the company's stock valued at $83,000 after buying an additional 144 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Chemed by 2,314.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 338 shares of the company's stock worth $203,000 after acquiring an additional 324 shares during the last quarter. Finally, KBC Group NV raised its position in Chemed by 11.5% during the 3rd quarter. KBC Group NV now owns 378 shares of the company's stock worth $227,000 after buying an additional 39 shares during the last quarter. 95.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CHE. StockNews.com lowered Chemed from a "buy" rating to a "hold" rating in a research note on Thursday. Royal Bank of Canada lowered their price objective on Chemed from $697.00 to $633.00 and set an "outperform" rating on the stock in a research report on Tuesday, November 5th.

Chemed Stock Up 2.4 %

Shares of NYSE:CHE traded up $14.34 during trading on Friday, reaching $600.46. 141,070 shares of the company's stock traded hands, compared to its average volume of 96,193. The firm has a market cap of $9.04 billion, a PE ratio of 30.34, a P/E/G ratio of 2.15 and a beta of 0.48. Chemed Co. has a fifty-two week low of $512.12 and a fifty-two week high of $654.62. The company has a 50-day simple moving average of $545.15 and a 200-day simple moving average of $563.27.

Chemed Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 24th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend is Monday, February 24th. Chemed's payout ratio is presently 10.11%.

Insider Buying and Selling at Chemed

In other news, VP Brian C. Judkins acquired 145 shares of Chemed stock in a transaction that occurred 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 purchase, the vice president now owns 1,678 shares in the company, valued at $871,721. This trade represents a 9.46 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.32% of the company's stock.

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.