BlackRock Amends Henry Schein Stake, Signals Portfolio Adjustment

Ticker: HSIC · Form: SC 13G/A · Filed: 2024-01-26T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, portfolio-change

TL;DR

**BlackRock just updated its Henry Schein stake; keep an eye on institutional sentiment!**

AI Summary

BlackRock Inc. has filed an amended SC 13G/A, indicating a change in its ownership stake in Henry Schein Inc. as of December 31, 2023. This filing, Amendment No. 14, updates their previous disclosures regarding their holdings of Henry Schein's Common Stock. For investors, this matters because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in the company's future prospects, potentially influencing other investors' decisions.

Why It Matters

Changes in significant institutional ownership can influence stock price and reflect a major investor's updated view on the company's value or future performance.

Risk Assessment

Risk Level: low — This filing is a routine update from a large institutional investor and doesn't inherently signal high risk, but rather a portfolio adjustment.

Analyst Insight

An investor should monitor the full details of this amendment (which are not provided in this excerpt) to understand the exact change in BlackRock's ownership percentage. If BlackRock significantly reduced its stake, it might warrant further investigation into Henry Schein's fundamentals; if it increased, it could be a positive signal.

Key Players & Entities

Forward-Looking Statements

FAQ

What type of filing is this document?

This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934.

Who is the reporting person in this filing?

The reporting person is BlackRock Inc., a major asset management firm with a Central Index Key (CIK) of 0001364742.

What company's securities are being reported on?

The securities being reported on belong to Henry Schein Inc., identified by CIK 0001000228 and CUSIP Number 806407102.

What was the 'Date of Event Which Requires Filing of this Statement'?

The date of the event which required the filing of this statement was December 31, 2023.

What is the specific amendment number for this filing?

This filing is Amendment No. 14 to the Schedule 13G.

From the Filing

0001086364-24-004260.txt : 20240126 0001086364-24-004260.hdr.sgml : 20240126 20240126114938 ACCESSION NUMBER: 0001086364-24-004260 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240126 DATE AS OF CHANGE: 20240126 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HENRY SCHEIN INC CENTRAL INDEX KEY: 0001000228 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-MEDICAL, DENTAL & HOSPITAL EQUIPMENT & SUPPLIES [5047] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 113136595 STATE OF INCORPORATION: DE FISCAL YEAR END: 1230 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-46221 FILM NUMBER: 24565750 BUSINESS ADDRESS: STREET 1: 135 DURYEA RD CITY: MELVILLE STATE: NY ZIP: 11747 BUSINESS PHONE: 6318435500 MAIL ADDRESS: STREET 1: 135 DURYEA RD CITY: MELVILLE STATE: NY ZIP: 11747 FORMER COMPANY: FORMER CONFORMED NAME: SCHEIN HENRY INC DATE OF NAME CHANGE: 19950907 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us8064071025_012624.txt us8064071025_012624.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 14) HENRY SCHEIN INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 806407102 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 806407102 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 8806120 (6) Shared voting power 0 (7) Sole dispositive power 9939960 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 9939960 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 7.6% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- HENRY SCHEIN INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 135 DURYEA ROAD MELVILLE NY 11747 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or pr

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