Integrated Wealth Concepts LLC Purchases 1,759 Shares of Chemed Co. (NYSE:CHE)

Integrated Wealth Concepts LLC raised its position in Chemed Co. (NYSE:CHE - Free Report) by 25.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,668 shares of the company's stock after acquiring an additional 1,759 shares during the quarter. Integrated Wealth Concepts LLC owned approximately 0.06% of Chemed worth $4,592,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Stifel Financial Corp lifted its position in Chemed by 0.6% during the fourth quarter. Stifel Financial Corp now owns 27,145 shares of the company's stock valued at $14,381,000 after purchasing an additional 149 shares during the period. MetLife Investment Management LLC lifted its position in Chemed by 8.5% during the fourth quarter. MetLife Investment Management LLC now owns 8,511 shares of the company's stock valued at $4,509,000 after purchasing an additional 666 shares during the period. Dimensional Fund Advisors LP lifted its position in Chemed by 10.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 199,254 shares of the company's stock valued at $105,564,000 after purchasing an additional 18,584 shares during the period. Epoch Investment Partners Inc. lifted its position in Chemed by 5.1% during the fourth quarter. Epoch Investment Partners Inc. now owns 252,237 shares of the company's stock valued at $133,635,000 after purchasing an additional 12,167 shares during the period. Finally, Marshall Wace LLP bought a new position in Chemed during the fourth quarter valued at approximately $618,000. Hedge funds and other institutional investors own 95.85% of the company's stock.

Insider Activity

In other news, CEO Kevin J. Mcnamara sold 1,000 shares of the company'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 transaction, the chief executive officer now owns 101,679 shares of the company's stock, valued at approximately $62,566,139.07. This represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 3.29% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CHE shares. Royal Bank of Canada increased their price objective on shares of Chemed from $667.00 to $674.00 and gave the company an "outperform" rating in a research report on Monday. StockNews.com upgraded Chemed from a "hold" rating to a "buy" rating in a research report on Friday, March 7th.

Chemed Stock Performance

Shares of Chemed stock traded down $7.52 during trading hours on Thursday, hitting $574.00. The company's stock had a trading volume of 38,871 shares, compared to its average volume of 99,066. The business has a 50 day moving average price of $589.04 and a two-hundred day moving average price of $566.71. Chemed Co. has a 12-month low of $512.12 and a 12-month high of $623.61. The company has a market cap of $8.39 billion, a PE ratio of 29.00, a PEG ratio of 2.15 and a beta of 0.49.

Chemed (NYSE:CHE - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $5.63 EPS for the quarter, topping analysts' consensus estimates of $5.59 by $0.04. The company had revenue of $646.94 million for the quarter, compared to the consensus estimate of $641.78 million. Chemed had a return on equity of 27.86% and a net margin of 12.69%. The firm's revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the business earned $5.20 earnings per share. As a group, research analysts anticipate that Chemed Co. will post 21.43 earnings per share for the current year.

Chemed Announces Dividend

The business also recently disclosed 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. The ex-dividend date was Monday, February 24th. This represents a $2.00 dividend on an annualized basis and a yield of 0.35%. Chemed's dividend payout ratio (DPR) is presently 9.74%.

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.