EverSource Wealth Advisors LLC Purchases 33 Shares of Chemed Co. (NYSE:CHE)

EverSource Wealth Advisors LLC raised its position in Chemed Co. (NYSE:CHE) by 7.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 498 shares of the company’s stock after buying an additional 33 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Chemed were worth $264,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. increased its stake in shares of Chemed by 300.0% in the fourth quarter. UMB Bank n.a. now owns 52 shares of the company’s stock worth $28,000 after purchasing an additional 39 shares in the last quarter. Trust Co. of Vermont bought a new stake in Chemed during the 4th quarter valued at $34,000. Tortoise Investment Management LLC lifted its position in shares of 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 acquiring an additional 34 shares in the last quarter. SRS Capital Advisors Inc. grew its position in shares of Chemed by 39.2% in the fourth quarter. SRS Capital Advisors Inc. now owns 135 shares of the company’s stock valued at $72,000 after purchasing an additional 38 shares in the last quarter. Finally, Allworth Financial LP raised its stake in shares of Chemed by 2,057.1% during the 4th quarter. Allworth Financial LP now owns 151 shares of the company’s stock valued at $83,000 after purchasing an additional 144 shares during the period. Hedge funds and other institutional investors own 95.85% of the company’s stock.

Analyst Upgrades and Downgrades

CHE has been the subject of a number of recent analyst reports. StockNews.com raised Chemed from a “hold” rating to a “buy” rating in a report on Friday, March 7th. Royal Bank of Canada raised their price target on shares of Chemed from $633.00 to $667.00 and gave the company an “outperform” rating in a report on Friday.

Chemed Stock Up 1.4 %

Shares of NYSE CHE opened at $598.15 on Friday. The stock’s 50-day simple moving average is $560.28 and its two-hundred day simple moving average is $564.79. Chemed Co. has a twelve month low of $512.12 and a twelve month high of $654.62. The firm has a market capitalization of $8.76 billion, a P/E ratio of 30.22, a P/E/G ratio of 2.15 and a beta of 0.43.

Chemed Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend was Monday, February 24th. Chemed’s dividend payout ratio is currently 10.05%.

Insider Buying and Selling at Chemed

In related news, CEO Kevin J. Mcnamara sold 2,000 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $593.67, for a total value of $1,187,340.00. Following the transaction, the chief executive officer now owns 102,679 shares of the company’s stock, valued at $60,957,441.93. This represents a 1.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brian C. Judkins purchased 145 shares of the company’s stock in a transaction on Monday, December 30th. The shares were 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 of the company’s stock, valued at approximately $871,721. The trade was 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 currently owned by company insiders.

Chemed Company 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.