Chemed Co. (NYSE:CHE) Stock Holdings Boosted by American Century Companies Inc.

American Century Companies Inc. increased its position in Chemed Co. (NYSE:CHE) by 1.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,977 shares of the company’s stock after acquiring an additional 54 shares during the period. American Century Companies Inc.’s holdings in Chemed were worth $2,107,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. UMB Bank n.a. raised its position in shares of Chemed by 300.0% during the fourth quarter. UMB Bank n.a. now owns 52 shares of the company’s stock worth $28,000 after purchasing an additional 39 shares during the period. Atala Financial Inc acquired a new stake in Chemed during the 4th quarter worth about $29,000. CBIZ Investment Advisory Services LLC lifted its stake in Chemed by 64.7% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 56 shares of the company’s stock valued at $30,000 after buying an additional 22 shares in the last quarter. Trust Co. of Vermont acquired a new position in shares of Chemed in the fourth quarter worth about $34,000. Finally, Tortoise Investment Management LLC increased its position in shares of Chemed by 77.3% in the fourth quarter. Tortoise Investment Management LLC now owns 78 shares of the company’s stock worth $41,000 after acquiring an additional 34 shares in the last quarter. Institutional investors and hedge funds own 95.85% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Chemed Stock Down 0.6 %

CHE stock opened at $571.72 on Wednesday. The company has a market capitalization of $8.37 billion, a price-to-earnings ratio of 28.89, a P/E/G ratio of 2.15 and a beta of 0.49. The firm has a 50 day moving average of $580.74 and a two-hundred day moving average of $567.86. Chemed Co. has a 12 month low of $512.12 and a 12 month high of $627.12.

Chemed Dividend Announcement

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

Insider Activity

In other news, CEO Kevin J. Mcnamara sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $615.33, for a total transaction of $615,330.00. Following the sale, the chief executive officer now directly owns 101,679 shares in the company, valued at approximately $62,566,139.07. The trade was a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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.