Aramark (NYSE:ARMK) Stake Lessened by California Public Employees Retirement System

California Public Employees Retirement System cut its stake in Aramark (NYSE:ARMKGet Rating) by 6.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 413,547 shares of the company’s stock after selling 29,044 shares during the period. California Public Employees Retirement System owned approximately 0.16% of Aramark worth $12,667,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in Aramark by 5.6% during the second quarter. Principal Financial Group Inc. now owns 29,621 shares of the company’s stock valued at $908,000 after purchasing an additional 1,583 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in Aramark by 20.8% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 135,688 shares of the company’s stock valued at $4,156,000 after purchasing an additional 23,404 shares during the last quarter. Swiss National Bank lifted its stake in Aramark by 0.4% during the second quarter. Swiss National Bank now owns 1,002,112 shares of the company’s stock valued at $30,695,000 after purchasing an additional 4,000 shares during the last quarter. Duality Advisers LP lifted its stake in Aramark by 199.1% during the second quarter. Duality Advisers LP now owns 157,659 shares of the company’s stock valued at $4,829,000 after purchasing an additional 104,946 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in Aramark by 26.7% during the second quarter. Advisors Asset Management Inc. now owns 33,143 shares of the company’s stock valued at $1,015,000 after purchasing an additional 6,981 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts recently commented on ARMK shares. Jefferies Financial Group reissued a “hold” rating and set a $36.00 target price on shares of Aramark in a research note on Tuesday, October 25th. Morgan Stanley upped their price target on shares of Aramark from $38.00 to $41.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 16th. TheStreet upgraded shares of Aramark from a “c” rating to a “b-” rating in a research report on Tuesday, November 15th. StockNews.com initiated coverage on shares of Aramark in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Royal Bank of Canada upped their price target on shares of Aramark from $38.00 to $45.00 in a research report on Wednesday, November 16th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $42.00.

Aramark Stock Up 0.9 %

Aramark stock opened at $40.64 on Monday. The firm has a market cap of $10.47 billion, a PE ratio of 53.47, a P/E/G ratio of 0.78 and a beta of 1.66. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.05 and a current ratio of 1.25. The firm’s 50 day moving average price is $35.58 and its two-hundred day moving average price is $34.22. Aramark has a twelve month low of $28.74 and a twelve month high of $41.20.

Aramark (NYSE:ARMKGet Rating) last released its quarterly earnings data on Tuesday, November 15th. The company reported $0.49 earnings per share for the quarter, meeting the consensus estimate of $0.49. The firm had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.11 billion. Aramark had a net margin of 1.19% and a return on equity of 10.70%. The company’s revenue for the quarter was up 23.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.21 EPS. On average, research analysts predict that Aramark will post 1.9 EPS for the current fiscal year.

Aramark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 5th. Stockholders of record on Tuesday, November 22nd will be paid a dividend of $0.11 per share. The ex-dividend date is Monday, November 21st. This represents a $0.44 annualized dividend and a dividend yield of 1.08%. Aramark’s dividend payout ratio (DPR) is 57.90%.

Aramark Company Profile

(Get Rating)

Aramark engages in the provision of food, facilities, and uniform services. It operates through the following segments: Food and Support Services United States (FSS United States), Food and Support Services International (FSS International), and Uniform. The FSS United States segment offers food, hospitality and facility services for school districts, colleges and universities, healthcare facilities, businesses, sports, entertainment and recreational venues, conference and convention centers, national and state parks, and correctional institutions.

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Institutional Ownership by Quarter for Aramark (NYSE:ARMK)

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