BlackRock Updates SCI Stake as of Dec 31, 2023
Ticker: SCI · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 89089
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock just updated its stake in Service Corp International, keep an eye on their next move.**
AI Summary
BlackRock Inc., a major investment firm, filed an amendment to its Schedule 13G on January 24, 2024, indicating its ownership of Service Corp International's Common Stock as of December 31, 2023. This filing, Amendment No. 14, updates their previous disclosures regarding their stake in the funeral and cemetery services company. For investors, this matters because BlackRock is a significant institutional holder, and changes in their reported ownership can signal their confidence (or lack thereof) in the company's future prospects, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's updated ownership in Service Corp International, providing transparency on a major institutional investor's position, which can influence market sentiment.
Risk Assessment
Risk Level: low — This is a routine disclosure by a large institutional investor and does not inherently signal a high-risk event for the company.
Analyst Insight
A smart investor would note BlackRock's continued presence as a major holder, but recognize this routine update doesn't signal an immediate buy or sell. Further analysis of BlackRock's exact percentage change (not provided in this snippet) would be needed to gauge their evolving sentiment.
Key Numbers
- 817565104 — CUSIP Number (identifies Service Corp International's Common Stock)
- 14 — Amendment Number (indicates this is the 14th amendment to BlackRock's Schedule 13G for SCI)
- 20240124 — Filing Date (the date BlackRock filed this updated disclosure)
- 20231231 — Reporting Period End Date (the date as of which BlackRock's ownership is being reported)
Key Players & Entities
- BlackRock Inc. (company) — the investment firm filing the SC 13G/A
- Service Corp International (company) — the company whose stock BlackRock holds
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the date the SC 13G/A was filed
- Amendment No. 14 (dollar_amount) — the specific amendment number of the filing
Forward-Looking Statements
- BlackRock will maintain a significant stake in Service Corp International. (BlackRock Inc.) — medium confidence, target: Q1 2024
- Service Corp International's stock price will remain relatively stable, influenced by broader market trends rather than this specific filing. (Service Corp International) — medium confidence, target: Q1 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under Rule 13d-1(b) of the Securities Exchange Act of 1934.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., a major investment management corporation based in New York, NY.
Which company's securities are the subject of this filing?
The subject company is Service Corp International, which operates in the personal services industry (specifically funeral and cemetery services) and is based in Houston, TX.
What is the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' is December 31, 2023, indicating the ownership stake is reported as of the end of the last fiscal quarter.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Service Corp International, as stated in the filing, is 817565104.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding SERVICE CORP INTERNATIONAL (SCI).