Fisher Asset Management LLC Sells 2,032 Shares of Chemed Co. (NYSE:CHE)

Fisher Asset Management LLC trimmed its position in Chemed Co. (NYSE:CHE) by 20.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,820 shares of the company’s stock after selling 2,032 shares during the period. Fisher Asset Management LLC owned 0.05% of Chemed worth $4,573,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC bought a new stake in shares of Chemed during the 4th quarter worth $37,000. Principal Securities Inc. bought a new stake in shares of Chemed during the 4th quarter worth $51,000. SRS Capital Advisors Inc. lifted its holdings in shares of Chemed by 110.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 99 shares of the company’s stock worth $58,000 after acquiring an additional 52 shares during the last quarter. Covestor Ltd lifted its stake in Chemed by 27.4% in the third quarter. Covestor Ltd now owns 144 shares of the company’s stock worth $75,000 after purchasing an additional 31 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake in Chemed by 86.9% in the fourth quarter. Larson Financial Group LLC now owns 157 shares of the company’s stock worth $92,000 after purchasing an additional 73 shares during the last quarter. 95.85% of the stock is owned by institutional investors.

Insider Buying and Selling at Chemed

In other Chemed news, EVP Spencer S. Lee sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $641.65, for a total value of $1,283,300.00. Following the transaction, the executive vice president now owns 20,760 shares in the company, valued at $13,320,654. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Patrick P. Grace sold 284 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $540.98, for a total transaction of $153,638.32. Following the transaction, the director now owns 3,270 shares in the company, valued at $1,769,004.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Spencer S. Lee sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $641.65, for a total transaction of $1,283,300.00. Following the transaction, the executive vice president now owns 20,760 shares in the company, valued at approximately $13,320,654. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,784 shares of company stock worth $4,523,353. 3.32% of the stock is currently owned by company insiders.

Chemed Trading Up 0.2 %

CHE stock opened at $533.44 on Friday. The firm’s 50-day moving average price is $565.21 and its two-hundred day moving average price is $590.33. Chemed Co. has a 12-month low of $492.84 and a 12-month high of $654.62. The stock has a market capitalization of $8.08 billion, a price-to-earnings ratio of 28.71, a PEG ratio of 2.19 and a beta of 0.46.

Chemed (NYSE:CHE) last released its quarterly earnings data on Wednesday, April 24th. The company reported $4.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.09 by ($0.41). Chemed had a net margin of 12.36% and a return on equity of 30.52%. The firm had revenue of $589.23 million during the quarter, compared to analysts’ expectations of $587.18 million. Equities analysts predict that Chemed Co. will post 21.54 EPS for the current year.

Chemed Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Thursday, May 30th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date was Thursday, May 30th. Chemed’s payout ratio is 8.61%.

Wall Street Analysts Forecast Growth

CHE has been the subject of several recent research reports. StockNews.com raised shares of Chemed from a “hold” rating to a “buy” rating in a research note on Saturday, May 4th. Oppenheimer boosted their price target on shares of Chemed from $625.00 to $650.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. Finally, Royal Bank of Canada lowered their price target on shares of Chemed from $712.00 to $697.00 and set an “outperform” rating for the company in a research note on Tuesday, May 21st.

Chemed 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.