Jupiter Asset Management Ltd. Sells 6,672 Shares of Chemed Co. (NYSE:CHE)

Jupiter Asset Management Ltd. lowered its stake in shares of Chemed Co. (NYSE:CHE - Free Report) by 11.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,516 shares of the company's stock after selling 6,672 shares during the quarter. Jupiter Asset Management Ltd. owned about 0.34% of Chemed worth $27,293,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its position in shares of Chemed by 7.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 498 shares of the company's stock worth $264,000 after purchasing an additional 33 shares during the period. Tortoise Investment Management LLC grew its stake in Chemed by 77.3% during the fourth quarter. Tortoise Investment Management LLC now owns 78 shares of the company's stock worth $41,000 after buying an additional 34 shares in the last quarter. Independent Advisor Alliance grew 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Chemed by 36.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,406 shares of the company's stock valued at $1,804,000 after buying an additional 914 shares during the period. Finally, Personal CFO Solutions LLC raised its position in shares of Chemed by 11.2% in the 4th quarter. Personal CFO Solutions LLC now owns 618 shares of the company's stock valued at $328,000 after buying an additional 62 shares in the last quarter. Institutional investors own 95.85% of the company's stock.

Chemed Stock Down 1.6 %

Shares of CHE stock opened at $588.73 on Thursday. The business has a fifty day simple moving average of $556.60 and a 200 day simple moving average of $564.27. The company has a market cap of $8.62 billion, a P/E ratio of 29.75, a P/E/G ratio of 2.15 and a beta of 0.43. Chemed Co. has a twelve month low of $512.12 and a twelve month high of $654.62.

Chemed Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, February 24th will be paid a $0.50 dividend. The ex-dividend date is Monday, February 24th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.34%. Chemed's payout ratio is currently 10.05%.

Insider Activity at Chemed

In other Chemed news, CEO Kevin J. Mcnamara sold 2,000 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $593.67, for a total transaction of $1,187,340.00. Following the sale, the chief executive officer now directly owns 102,679 shares of the company's stock, valued at $60,957,441.93. The trade was a 1.91 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Brian C. Judkins purchased 145 shares of the firm's stock in a transaction on Monday, December 30th. The stock was acquired at an average price 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 approximately $871,721. This trade represents a 9.46 % increase in their position. The disclosure for this purchase can be found here. 3.32% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Chemed from a "hold" rating to a "buy" rating in a research report on Friday, March 7th.

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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.

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