FMR LLC & Abigail Johnson Hold 13.635% Stake in Owens & Minor
Ticker: ACH · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 75252
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, healthcare-supply
TL;DR
**FMR LLC and Abigail Johnson still own over 13% of Owens & Minor, a big, stable chunk.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in Owens & Minor Inc./VA/. As of December 31, 2023, they collectively own 10,431,010 shares of common stock, representing 13.635% of the company. This filing, an amendment to a previous SC 13G, indicates a significant, passive institutional holding, which can provide stability but also means FMR LLC isn't actively seeking to influence management. Investors should note this large, stable institutional ownership as it can impact stock liquidity and investor confidence.
Why It Matters
This filing confirms a substantial, passive institutional investment in Owens & Minor, signaling confidence from a major fund manager but also indicating they aren't pushing for corporate changes.
Risk Assessment
Risk Level: low — This filing indicates a stable, passive institutional ownership, which generally reduces volatility and risk for other shareholders.
Analyst Insight
Investors should note the stable, significant institutional ownership by FMR LLC, which suggests a long-term, passive investment perspective rather than an activist one. This could contribute to stock stability but also means less pressure for immediate strategic changes.
Key Numbers
- 10,431,010 — Total Shares Beneficially Owned (Represents the combined ownership of FMR LLC and Abigail P. Johnson in Owens & Minor Inc.)
- 13.635% — Percentage of Class (Indicates the significant portion of Owens & Minor's common stock held by the reporting persons.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person and principal owner of FMR LLC
- OWENS & MINOR INC/VA/ (company) — the subject company whose shares are being reported
- 10,431,010 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
- 13.635% (dollar_amount) — percentage of Owens & Minor's common stock beneficially owned
Forward-Looking Statements
- FMR LLC will maintain a significant, passive stake in Owens & Minor Inc. for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
FAQ
Who are the primary reporting persons in this SC 13G/A filing?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 for both reporting persons.
What is the total number of shares of Owens & Minor Inc. common stock beneficially owned by FMR LLC and Abigail P. Johnson?
Both FMR LLC and Abigail P. Johnson beneficially own 10,431,010 shares of Owens & Minor Inc. common stock, as indicated in Item 7 for each reporting person.
What percentage of Owens & Minor Inc.'s common stock do the reporting persons collectively own?
FMR LLC and Abigail P. Johnson each report owning 13.635% of Owens & Minor Inc.'s common stock, as shown in Item 11 for both.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box at the beginning of the filing.
What is the CUSIP number for Owens & Minor Inc. common stock?
The CUSIP number for Owens & Minor Inc. common stock is 690732102, as stated in the filing under 'Cusip #690732102' and Item 2(e).
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding OWENS & MINOR INC/VA/ (ACH).