Chemed Co. (NYSE:CHE) VP Sells $934,820.00 in Stock

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Chemed Co. (NYSE:CHE) VP Michael D. Witzeman sold 2,174 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $430.00, for a total value of $934,820.00. Following the completion of the sale, the vice president now directly owns 5,175 shares in the company, valued at $2,225,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of CHE opened at $436.18 on Thursday. The firm has a market capitalization of $6.85 billion, a price-to-earnings ratio of 36.56, a price-to-earnings-growth ratio of 2.93 and a beta of 1.14. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.78 and a current ratio of 0.81. Chemed Co. has a one year low of $260.03 and a one year high of $441.48. The stock’s fifty day moving average is $396.70 and its 200-day moving average is $345.80.

Chemed (NYSE:CHE) last issued its quarterly earnings results on Thursday, July 25th. The company reported $3.36 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $0.27. The company had revenue of $473.60 million for the quarter, compared to analyst estimates of $471.72 million. Chemed had a return on equity of 35.63% and a net margin of 10.94%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company earned $2.81 earnings per share. Analysts forecast that Chemed Co. will post 13.54 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, August 12th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.29%. This is a positive change from Chemed’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, August 9th. Chemed’s dividend payout ratio (DPR) is 10.73%.

Several equities research analysts have weighed in on the company. Zacks Investment Research lowered Chemed from a “hold” rating to a “sell” rating in a research report on Thursday, May 9th. Royal Bank of Canada raised their price target on Chemed to $405.00 and gave the company a “sector perform” rating in a report on Monday, July 29th. ValuEngine raised Chemed from a “hold” rating to a “buy” rating in a report on Friday, June 7th. Finally, Oppenheimer raised their price target on Chemed from $400.00 to $430.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Chemed currently has a consensus rating of “Hold” and an average price target of $383.75.

Several institutional investors and hedge funds have recently modified their holdings of CHE. Quadrant Capital Group LLC grew its holdings in Chemed by 184.8% during the first quarter. Quadrant Capital Group LLC now owns 94 shares of the company’s stock worth $26,000 after acquiring an additional 61 shares during the period. Krane Funds Advisors LLC acquired a new position in Chemed during the second quarter worth about $26,000. Bremer Bank National Association acquired a new position in Chemed during the first quarter worth about $29,000. Advisory Services Network LLC grew its holdings in Chemed by 117.9% during the second quarter. Advisory Services Network LLC now owns 85 shares of the company’s stock worth $30,000 after acquiring an additional 46 shares during the period. Finally, Financial Gravity Wealth Inc. acquired a new position in Chemed during the first quarter worth about $49,000. 87.14% of the stock is currently owned by institutional investors.

About Chemed

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 in the United States. It operates through two segments, VITAS and Roto-Rooter. The company also offers plumbing, drain cleaning, water restoration, and other related services to residential and commercial customers through company-owned and independent contractors, and franchised locations.

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