Portfolio Design Labs LLC Buys Shares of 612 Chemed Co. (NYSE:CHE)

Portfolio Design Labs LLC acquired a new stake in Chemed Co. (NYSE:CHE - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 612 shares of the company's stock, valued at approximately $324,000.

Other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. increased its stake in 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 buying an additional 39 shares during the period. Trust Co. of Vermont purchased a new position in Chemed in the fourth quarter valued at about $34,000. Farther Finance Advisors LLC increased its holdings in Chemed by 2,314.3% in the third quarter. Farther Finance Advisors LLC now owns 338 shares of the company's stock valued at $203,000 after buying an additional 324 shares in the last quarter. KBC Group NV grew its holdings in shares of Chemed by 11.5% in the 3rd quarter. KBC Group NV now owns 378 shares of the company's stock worth $227,000 after acquiring an additional 39 shares during the period. Finally, Venturi Wealth Management LLC grew its holdings in shares of Chemed by 59.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 425 shares of the company's stock worth $255,000 after acquiring an additional 159 shares during the period. 95.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CHE has been the topic of a number of research reports. StockNews.com upgraded Chemed from a "hold" rating to a "buy" rating in a research report on Saturday, November 30th. Royal Bank of Canada cut their price target on Chemed from $697.00 to $633.00 and set an "outperform" rating for the company in a research note on Tuesday, November 5th.

Chemed Trading Down 1.3 %

Shares of CHE stock traded down $7.51 during trading hours on Friday, hitting $553.10. The company's stock had a trading volume of 41,026 shares, compared to its average volume of 94,463. The business has a fifty day moving average of $542.34 and a 200-day moving average of $564.65. The stock has a market cap of $8.32 billion, a price-to-earnings ratio of 27.95, a P/E/G ratio of 2.16 and a beta of 0.48. Chemed Co. has a twelve month low of $512.12 and a twelve month high of $654.62.

Chemed Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.36%. Chemed's dividend payout ratio is currently 10.11%.

Insiders Place Their Bets

In other Chemed news, CEO Kevin J. Mcnamara sold 2,000 shares of Chemed stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $572.77, for a total value of $1,145,540.00. Following the completion of the sale, the chief executive officer now owns 101,735 shares in the company, valued at $58,270,755.95. The trade was a 1.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Brian C. Judkins acquired 145 shares of the business's stock in a transaction dated Monday, December 30th. The shares were bought at an average price of $519.50 per share, for a total transaction of $75,327.50. Following the completion of the acquisition, 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 ownership of the stock. The disclosure for this purchase can be found here. 3.32% of the stock is owned by corporate insiders.

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.