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Vanguard Group Inc. Lowers Holdings in Aramark $ARMK
Vanguard Group Inc. reduced its stake in Aramark (NYSE:ARMK) by 0.6% in the third quarter, selling 152,665 shares to hold 24,905,625 shares valued at approximately $956 million. Aramark reported Q3 earnings of $0.51 EPS and $4.83 billion in revenue, slightly exceeding analyst expectations, and maintains a “Moderate Buy” consensus rating with a target price of $48.38. Several other institutional investors also adjusted their positions in Aramark during recent quarters.