FMR LLC & Abigail Johnson Trim Greif (GEF) Stake to 4.694%
Ticker: GEF-B · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 43920
| Field | Detail |
|---|---|
| Company | Greif, Inc (GEF-B) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**FMR LLC and Abigail Johnson just cut their Greif (GEF) stake to 4.694%.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in Greif, Inc. (NYSE: GEF), a packaging company. As of February 9, 2024, they collectively beneficially own 1,195,932 shares of Greif's Class A Common Stock, representing 4.694% of the outstanding shares. This filing indicates a slight decrease in their reported percentage ownership from previous filings, which could signal a minor reduction in their conviction or a rebalancing of their portfolio, potentially impacting investor sentiment for GEF stock.
Why It Matters
This matters because FMR LLC is a significant institutional investor, and changes in their holdings can influence market perception and potentially signal their outlook on Greif's future performance.
Risk Assessment
Risk Level: low — A minor adjustment in institutional ownership percentage typically poses a low risk unless it's part of a larger trend or a significant divestment.
Analyst Insight
Investors should monitor future filings from FMR LLC to see if this is an isolated adjustment or part of a larger trend in their Greif, Inc. holdings. It's also wise to research any recent news or financial reports from Greif, Inc. that might explain the institutional investor's decision.
Key Numbers
- 1,195,932 — Shares Beneficially Owned (Total Class A Common Stock shares of Greif, Inc. owned by FMR LLC and Abigail P. Johnson)
- 4.694% — Percent of Class (Percentage of Greif, Inc.'s Class A Common Stock beneficially owned by FMR LLC and Abigail P. Johnson)
- 20240209 — Date of Filing (The date this amendment to the Schedule 13G was filed with the SEC)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- GREIF, INC (company) — subject company, issuer of the securities
- Delaware (company) — state of incorporation for FMR LLC
- United States of America (company) — citizenship of Abigail P. Johnson
Forward-Looking Statements
- Greif, Inc.'s stock price may experience minor short-term volatility due to the reported change in institutional ownership. (GREIF, INC) — medium confidence, target: Within 1 month
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 of the filing for each reporting person.
What is the total number of Class A Common Stock shares of Greif, Inc. beneficially owned by the reporting persons?
FMR LLC and Abigail P. Johnson each beneficially own 1,195,932 shares of Greif, Inc. Class A Common Stock, as indicated in Item 7 and Item 9 for both reporting persons.
What percentage of Greif, Inc.'s Class A Common Stock do the reporting persons collectively own?
The reporting persons collectively own 4.694% of Greif, Inc.'s Class A Common Stock, as specified in Item 11 for both FMR LLC and Abigail P. Johnson, and in Item 4(b).
What is the CUSIP number for Greif, Inc.'s Class A Common Stock?
The CUSIP number for Greif, Inc.'s Class A Common Stock is 397624107, as listed under 'Cusip #397624107' and in Item 2(e).
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the 'x' in the appropriate box and explicitly stated in Item 3.
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 GREIF, INC (GEF-B).