Chemed Co. (NYSE:CHE) Shares Sold by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp decreased its position in Chemed Co. (NYSE:CHE) by 24.8% during the 4th quarter, Holdings Channel reports. The firm owned 2,227 shares of the company’s stock after selling 733 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Chemed were worth $1,180,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CHE. HighTower Advisors LLC raised its stake in Chemed by 78.0% in the 3rd quarter. HighTower Advisors LLC now owns 3,730 shares of the company’s stock valued at $2,246,000 after purchasing an additional 1,634 shares during the last quarter. XTX Topco Ltd raised its position in shares of Chemed by 111.5% in the third quarter. XTX Topco Ltd now owns 2,843 shares of the company’s stock valued at $1,709,000 after buying an additional 1,499 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Chemed by 4.9% during the third quarter. Geode Capital Management LLC now owns 335,443 shares of the company’s stock valued at $201,820,000 after buying an additional 15,791 shares during the period. Signal Advisors Wealth LLC boosted 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 worth $2,647,000 after acquiring an additional 1,886 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Chemed by 8.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 122,788 shares of the company’s stock worth $73,792,000 after acquiring an additional 9,178 shares during the period. Hedge funds and other institutional investors own 95.85% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Chemed from a “hold” rating to a “buy” rating in a research note on Friday.

Chemed Price Performance

CHE opened at $595.86 on Friday. Chemed Co. has a 12 month low of $512.12 and a 12 month high of $654.62. The business has a 50-day moving average of $553.87 and a two-hundred day moving average of $564.10. The stock has a market capitalization of $8.72 billion, a price-to-earnings ratio of 30.11, a price-to-earnings-growth ratio of 2.15 and a beta of 0.43.

Chemed Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend is Monday, February 24th. Chemed’s dividend payout ratio is currently 10.05%.

Insider Buying and Selling at Chemed

In other news, CEO Kevin J. Mcnamara sold 2,000 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $593.67, for a total value of $1,187,340.00. Following the transaction, the chief executive officer now directly owns 102,679 shares in the company, valued at $60,957,441.93. This trade represents a 1.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Brian C. Judkins bought 145 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were purchased at an average price of $519.50 per share, with a total value of $75,327.50. Following the acquisition, the vice president now directly owns 1,678 shares in the company, valued at approximately $871,721. This trade represents a 9.46 % increase in their position. The disclosure for this purchase can be found here. 3.32% of the stock is 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.