FMR LLC & Abigail Johnson Hold 11.24% Stake in O-I Glass
Ticker: OI · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 812074
| Field | Detail |
|---|---|
| Company | O-I Glass, Inc. /De/ (OI) |
| 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 still own over 11% of O-I Glass.**
AI Summary
FMR LLC, a major investment firm, and its CEO, Abigail P. Johnson, have updated their ownership stake in O-I Glass, Inc. /DE/. As of February 9, 2024, they collectively beneficially own 17,390,515 shares of common stock, representing 11.239% of the company. This is an amendment to a previous filing, indicating a change in their holdings, which is important for investors as it shows a significant institutional investor's continued, albeit slightly adjusted, confidence in O-I Glass.
Why It Matters
This filing shows that a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, maintain a significant stake in O-I Glass, which can influence stock stability and investor sentiment.
Risk Assessment
Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility and provides a level of confidence.
Analyst Insight
Investors should note the continued significant institutional ownership by FMR LLC, which suggests a long-term view on O-I Glass. While not a direct buy signal, it indicates a major player's sustained interest.
Key Numbers
- 17,390,515 — Shares Beneficially Owned (Represents the total common stock shares FMR LLC and Abigail P. Johnson collectively own in O-I Glass, Inc.)
- 11.239% — Percentage of Class (This is the percentage of O-I Glass, Inc.'s common stock that FMR LLC and Abigail P. Johnson beneficially own, indicating a significant stake.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, likely CEO of FMR LLC
- O-I Glass, Inc. /DE/ (company) — the issuer of the securities
- 17,390,515 (dollar_amount) — total shares beneficially owned
- 11.239% (dollar_amount) — percentage of class beneficially owned
Forward-Looking Statements
- FMR LLC will maintain a significant stake in O-I Glass, Inc. for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
FAQ
Who are the reporting persons in this SC 13G/A filing?
The reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for both entities.
What is the total number of shares beneficially owned by FMR LLC and Abigail P. Johnson in O-I Glass, Inc.?
Both FMR LLC and Abigail P. Johnson report beneficially owning 17,390,515 shares of O-I Glass, Inc. common stock, as per Item 7 for each reporting person.
What percentage of O-I Glass, Inc.'s common stock do the reporting persons collectively own?
FMR LLC and Abigail P. Johnson each report owning 11.239% of the common stock of O-I Glass, Inc., as per Item 11 for both.
What is the CUSIP number for O-I Glass, Inc. common stock mentioned in the filing?
The CUSIP number for O-I Glass, Inc. common stock is 67098H104, as stated in the filing's header and 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 checked box in the filing, and FMR LLC is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G).
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 O-I Glass, Inc. /DE/ (OI).