Maripau Wealth Management LLC Invests $358,000 in Chemed Co. (NYSE:CHE)

Maripau Wealth Management LLC bought a new position in shares of Chemed Co. (NYSE:CHE) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 676 shares of the company’s stock, valued at approximately $358,000.

Several other institutional investors also recently modified their holdings of CHE. Creative Planning grew its position in shares of Chemed by 57.3% during the 3rd quarter. Creative Planning now owns 1,932 shares of the company’s stock worth $1,161,000 after buying an additional 704 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Chemed during the 3rd quarter worth about $2,301,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Chemed by 6.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,175 shares of the company’s stock worth $706,000 after buying an additional 75 shares during the period. First Trust Direct Indexing L.P. grew its position in shares of Chemed by 4.5% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 887 shares of the company’s stock worth $533,000 after buying an additional 38 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of Chemed by 2,314.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 338 shares of the company’s stock worth $203,000 after buying an additional 324 shares during the period. 95.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CHE has been the subject of several analyst reports. StockNews.com lowered Chemed from a “buy” rating to a “hold” rating in a research report on Thursday. Royal Bank of Canada decreased their price objective on Chemed from $697.00 to $633.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th.

Chemed Stock Performance

Shares of CHE opened at $600.46 on Friday. The stock has a 50 day simple moving average of $545.15 and a 200 day simple moving average of $563.27. Chemed Co. has a 52-week low of $512.12 and a 52-week high of $654.62. The firm has a market capitalization of $9.04 billion, a PE ratio of 30.34, a P/E/G ratio of 2.15 and a beta of 0.48.

Chemed Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 24th will be given a $0.50 dividend. The ex-dividend date is Monday, February 24th. This represents a $2.00 annualized dividend and a dividend yield of 0.33%. Chemed’s dividend payout ratio is presently 10.11%.

Insider Activity at Chemed

In other Chemed news, VP Brian C. Judkins acquired 145 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was acquired at an average cost of $519.50 per share, for a total transaction of $75,327.50. Following the transaction, the vice president now owns 1,678 shares of the company’s stock, valued at $871,721. This trade represents a 9.46 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.32% of the stock is owned by 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.