Personal CFO Solutions LLC Buys 62 Shares of Chemed Co. (NYSE:CHE)

Personal CFO Solutions LLC lifted its stake in Chemed Co. (NYSE:CHE) by 11.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 618 shares of the company’s stock after buying an additional 62 shares during the quarter. Personal CFO Solutions LLC’s holdings in Chemed were worth $328,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. HighTower Advisors LLC raised its stake in shares of Chemed by 78.0% in the third quarter. HighTower Advisors LLC now owns 3,730 shares of the company’s stock worth $2,246,000 after buying an additional 1,634 shares during the period. XTX Topco Ltd raised its stake in shares of Chemed by 111.5% in the third quarter. XTX Topco Ltd now owns 2,843 shares of the company’s stock worth $1,709,000 after buying an additional 1,499 shares during the period. Geode Capital Management LLC raised its stake in shares of Chemed by 4.9% in the third quarter. Geode Capital Management LLC now owns 335,443 shares of the company’s stock worth $201,820,000 after buying an additional 15,791 shares during the period. Signal Advisors Wealth LLC raised its stake in shares of Chemed by 60.7% in the fourth quarter. Signal Advisors Wealth LLC now owns 4,995 shares of the company’s stock worth $2,647,000 after buying an additional 1,886 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Chemed by 8.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 122,788 shares of the company’s stock worth $73,792,000 after purchasing an additional 9,178 shares in the last quarter. Institutional investors own 95.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Chemed from a “hold” rating to a “buy” rating in a research report on Friday.

Chemed Trading Up 0.0 %

NYSE:CHE opened at $595.86 on Tuesday. Chemed Co. has a 12-month low of $512.12 and a 12-month high of $654.62. The stock has a 50-day moving average price of $553.87 and a 200 day moving average price of $563.91. The stock has a market capitalization of $8.72 billion, a P/E ratio of 30.11, a P/E/G ratio of 2.15 and a beta of 0.43.

Chemed Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 24th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.34%. The ex-dividend date is Monday, February 24th. Chemed’s dividend payout ratio is currently 10.05%.

Insider Buying and Selling

In other Chemed news, CEO Kevin J. Mcnamara sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $593.67, for a total transaction of $1,187,340.00. Following the completion of the transaction, the chief executive officer now owns 102,679 shares in the company, valued at $60,957,441.93. This trade represents a 1.91 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Brian C. Judkins purchased 145 shares of the business’s stock in a transaction on Monday, December 30th. The shares were purchased at an average price of $519.50 per share, with a total value of $75,327.50. Following the acquisition, the vice president now directly owns 1,678 shares in the company, valued at $871,721. This 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 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.