Chemed Co. (NYSE:CHE - Get Free Report) Director George J. Walsh III sold 400 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $597.47, for a total transaction of $238,988.00. Following the completion of the sale, the director now directly owns 3,046 shares of the company's stock, valued at approximately $1,819,893.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Chemed Trading Down 0.2 %
Shares of Chemed stock opened at $599.04 on Friday. The company has a fifty day moving average price of $574.54 and a 200 day moving average price of $576.44. Chemed Co. has a twelve month low of $497.36 and a twelve month high of $654.62. The stock has a market cap of $9.07 billion, a price-to-earnings ratio of 32.24, a price-to-earnings-growth ratio of 2.40 and a beta of 0.44.
Chemed (NYSE:CHE - Get Free Report) last posted its earnings results on Wednesday, July 24th. The company reported $5.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.59 by ($0.12). The company had revenue of $595.88 million during the quarter, compared to analyst estimates of $599.20 million. Chemed had a net margin of 12.88% and a return on equity of 29.21%. Chemed's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the business posted $4.71 EPS. Analysts forecast that Chemed Co. will post 21.77 earnings per share for the current year.
Chemed Increases Dividend
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The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 12th were given a dividend of $0.50 per share. This is a boost from Chemed's previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date was Monday, August 12th. Chemed's payout ratio is presently 10.76%.
Institutional Investors Weigh In On Chemed
A number of large investors have recently added to or reduced their stakes in CHE. Thrivent Financial for Lutherans increased its holdings in Chemed by 300.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 116,572 shares of the company's stock worth $63,249,000 after purchasing an additional 87,449 shares during the last quarter. Epoch Investment Partners Inc. grew its position in shares of Chemed by 85.2% during the fourth quarter. Epoch Investment Partners Inc. now owns 152,162 shares of the company's stock worth $88,977,000 after buying an additional 70,001 shares in the last quarter. Impax Asset Management Group plc increased its stake in shares of Chemed by 19.5% in the second quarter. Impax Asset Management Group plc now owns 317,943 shares of the company's stock worth $172,510,000 after buying an additional 51,974 shares during the last quarter. ProShare Advisors LLC raised its holdings in Chemed by 6,288.9% in the first quarter. ProShare Advisors LLC now owns 50,600 shares of the company's stock valued at $32,482,000 after acquiring an additional 49,808 shares in the last quarter. Finally, TD Asset Management Inc boosted its stake in Chemed by 23.9% during the 1st quarter. TD Asset Management Inc now owns 254,953 shares of the company's stock valued at $163,662,000 after acquiring an additional 49,176 shares during the last quarter. 95.85% of the stock is owned by institutional investors and hedge funds.
About Chemed
(
Get Free Report)
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.
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