Bank of America Corp DE Sells 433,589 Shares of Aramark $ARMK

Key Points

• Bank of America reduced its Aramark stake by 19% in the first quarter, selling 433,589 shares and retaining 1.85 million shares valued at approximately $74.8 million.
• Aramark reported quarterly earnings of $0.49 per share, beating estimates by $0.02, while revenue rose 14.7% year over year to $4.91 billion. The company guided for fiscal 2026 earnings of $2.18–$2.28 per share.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $60.62. Aramark also declared a quarterly dividend of $0.12 per share, implying a 0.9% annualized yield.

Bank of America Corp DE reduced its stake in Aramark (NYSE:ARMK - Free Report) by 19.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,845,839 shares of the company's stock after selling 433,589 shares during the period. Bank of America Corp DE owned 0.70% of Aramark worth $74,830,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of ARMK. Entropy Technologies LP acquired a new stake in shares of Aramark during the first quarter worth $2,552,000. Bank of New York Mellon Corp raised its stake in Aramark by 4.7% in the 1st quarter. Bank of New York Mellon Corp now owns 2,558,199 shares of the company's stock worth $103,709,000 after purchasing an additional 114,662 shares in the last quarter. Sei Investments Co. raised its stake in Aramark by 18.1% in the 1st quarter. Sei Investments Co. now owns 242,743 shares of the company's stock worth $9,841,000 after purchasing an additional 37,222 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Aramark by 3.8% during the 1st quarter. Principal Financial Group Inc. now owns 586,473 shares of the company's stock worth $23,776,000 after purchasing an additional 21,267 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Aramark by 13.8% during the first quarter. Dimensional Fund Advisors LP now owns 7,177,184 shares of the company's stock worth $290,962,000 after purchasing an additional 868,900 shares during the period.

Aramark Trading Up 0.2%

Shares of ARMK stock opened at $56.04 on Monday. The company has a market cap of $14.74 billion, a PE ratio of 41.82, a P/E/G ratio of 1.06 and a beta of 1.12. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.07 and a current ratio of 1.21. The stock's fifty day moving average price is $55.68 and its two-hundred day moving average price is $47.50. Aramark has a fifty-two week low of $35.07 and a fifty-two week high of $58.68.

Aramark (NYSE:ARMK - Get Free Report) last issued its earnings results on Tuesday, May 12th. The company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.02. The firm had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.75 billion. Aramark had a net margin of 1.84% and a return on equity of 17.05%. The company's quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the business posted $0.35 earnings per share. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. Equities analysts predict that Aramark will post 2.24 EPS for the current fiscal year.

Aramark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.48 annualized dividend and a dividend yield of 0.9%. Aramark's dividend payout ratio is currently 35.82%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings reiterated a "hold (c+)" rating on shares of Aramark in a research report on Wednesday, July 8th. Royal Bank Of Canada raised their price objective on Aramark from $47.00 to $55.00 and gave the stock an "outperform" rating in a research note on Thursday, May 14th. Truist Financial upped their target price on Aramark from $58.00 to $70.00 and gave the company a "buy" rating in a research report on Monday, July 27th. Morgan Stanley increased their target price on Aramark from $45.00 to $50.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 13th. Finally, The Goldman Sachs Group restated a "buy" rating and issued a $51.00 price target on shares of Aramark in a research report on Wednesday, May 13th. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $60.62.

About Aramark

Aramark NYSE: ARMK is a global provider of food services, facilities management and uniform solutions, serving clients across a wide array of industries including education, healthcare, business and government. The company operates through three primary segments: Food and Support Services, Uniform and Career Apparel, and Facility Services, delivering integrated solutions designed to enhance guest experiences, improve operational efficiencies and maintain safe, clean environments. Aramark's offerings include corporate dining, patient and senior nutrition, campus dining, sports and entertainment concessions, custodial services, technical maintenance and industrial laundry.

Founded in 1959 and headquartered in Philadelphia, Pennsylvania, Aramark has expanded its footprint to more than 20 countries, with a strong presence in North America, Latin America, Europe and Asia.

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