JPMorgan Chase & Co. Acquires 275,423 Shares of Chemed Corporation $CHE

JPMorgan Chase & Co. grew its holdings in Chemed Corporation (NYSE:CHE) by 122.7% during the third quarter, Holdings Channel.com reports. The firm owned 499,968 shares of the company’s stock after acquiring an additional 275,423 shares during the quarter. JPMorgan Chase & Co.’s holdings in Chemed were worth $223,856,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. grew its position in Chemed by 330.4% in the first quarter. Geneos Wealth Management Inc. now owns 99 shares of the company’s stock valued at $61,000 after purchasing an additional 76 shares in the last quarter. R Squared Ltd acquired a new position in shares of Chemed during the 2nd quarter worth about $239,000. Ground Swell Capital LLC acquired a new position in shares of Chemed during the 2nd quarter worth about $212,000. AlphaQuest LLC grew its holdings in shares of Chemed by 76.8% in the 2nd quarter. AlphaQuest LLC now owns 3,226 shares of the company’s stock valued at $1,571,000 after acquiring an additional 1,401 shares in the last quarter. Finally, Brighton Jones LLC acquired a new stake in shares of Chemed in the second quarter valued at about $224,000. Institutional investors and hedge funds own 95.85% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on CHE. Royal Bank Of Canada dropped their target price on Chemed from $589.00 to $572.00 and set an “outperform” rating on the stock in a report on Monday, November 10th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Chemed in a research note on Wednesday, January 21st. Zacks Research raised Chemed from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. Finally, Jefferies Financial Group downgraded shares of Chemed from a “buy” rating to a “hold” rating in a report on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $555.50.

Chemed Stock Up 0.7%

NYSE:CHE opened at $475.35 on Friday. Chemed Corporation has a 12-month low of $408.42 and a 12-month high of $623.60. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 25.14, a P/E/G ratio of 2.30 and a beta of 0.44. The stock’s 50 day moving average price is $444.77 and its two-hundred day moving average price is $443.47.

Chemed Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Monday, February 23rd will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, February 23rd. This represents a $2.40 annualized dividend and a yield of 0.5%. Chemed’s dividend payout ratio (DPR) is currently 12.69%.

Insider Transactions at Chemed

In other Chemed news, CEO Kevin J. Mcnamara sold 2,000 shares of Chemed stock in a transaction on Monday, November 24th. The shares were sold at an average price of $437.55, for a total transaction of $875,100.00. Following the completion of the transaction, the chief executive officer directly owned 94,197 shares of the company’s stock, valued at $41,215,897.35. The trade was a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.29% of the stock is owned by corporate insiders.

About Chemed

Chemed Corporation is a diversified provider of essential home services and healthcare solutions in the United States. Headquartered in Cincinnati, Ohio, the company operates through two principal business segments—Roto-Rooter and Vitas Healthcare. Since its founding in 1974, Chemed has built a reputation for reliability and expertise, serving both residential and commercial customers across a broad range of markets.

The Roto-Rooter segment offers a comprehensive suite of plumbing, drain cleaning and water restoration services.