LPL Financial LLC Sells 1,325 Shares of Chemed Co. (NYSE:CHE)

LPL Financial LLC trimmed its position in shares of Chemed Co. (NYSE:CHE) by 12.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,342 shares of the company’s stock after selling 1,325 shares during the quarter. LPL Financial LLC owned 0.06% of Chemed worth $4,949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in Chemed in the fourth quarter valued at about $42,023,000. HighTower Advisors LLC lifted its stake in shares of Chemed by 78.0% in the 3rd quarter. HighTower Advisors LLC now owns 3,730 shares of the company’s stock worth $2,246,000 after purchasing an additional 1,634 shares during the period. Geode Capital Management LLC boosted its holdings 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 last quarter. Signal Advisors Wealth LLC grew its position in Chemed by 60.7% during the fourth quarter. Signal Advisors Wealth LLC now owns 4,995 shares of the company’s stock valued at $2,647,000 after buying an additional 1,886 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Chemed by 10.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 136,182 shares of the company’s stock valued at $72,149,000 after buying an additional 13,394 shares during the last quarter. 95.85% of the stock is currently owned by hedge funds and other institutional investors.

Chemed Price Performance

Shares of NYSE:CHE opened at $571.72 on Wednesday. The company has a market capitalization of $8.37 billion, a P/E ratio of 28.89, a P/E/G ratio of 2.15 and a beta of 0.49. Chemed Co. has a 1-year low of $512.12 and a 1-year high of $627.12. The firm’s 50 day simple moving average is $580.74 and its two-hundred day simple moving average is $567.86.

Chemed Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend was Monday, February 24th. Chemed’s dividend payout ratio is currently 10.05%.

Insiders Place Their Bets

In other news, CEO Kevin J. Mcnamara sold 1,000 shares of the company’s stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $615.33, for a total value of $615,330.00. Following the completion of the transaction, the chief executive officer now owns 101,679 shares of the company’s stock, valued at $62,566,139.07. This represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.32% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. StockNews.com raised shares of Chemed from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Royal Bank of Canada upped their price target on Chemed from $633.00 to $667.00 and gave the stock an “outperform” rating in a research report on Friday, March 14th.

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.