Newport Trust Co. Amends Dillard's Class A Stock Ownership Filing
Ticker: DDT · Form: SC 13G/A · Filed: Feb 5, 2024 · CIK: 28917
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, retail, equity-holding
TL;DR
**Newport Trust Co. updated its Dillard's stock ownership, signaling continued institutional interest.**
AI Summary
Newport Trust Company, LLC, a Washington D.C.-based investment firm, filed an amended Schedule 13G/A on February 5, 2024, indicating their ownership in Dillard's, Inc. Class A Common Stock as of December 31, 2023. This is Amendment No. 7 to their previous filings, updating their beneficial ownership status. This matters to investors as it provides transparency into institutional holdings, showing that a significant institutional investor continues to hold a position in Dillard's, which can influence market perception and stability.
Why It Matters
This filing shows that Newport Trust Company, LLC continues to be a beneficial owner of Dillard's Class A Common Stock, providing insight into institutional investor confidence in the department store chain.
Risk Assessment
Risk Level: low — This is a routine amendment filing by an institutional investor, not indicating any immediate significant risk or change in company fundamentals.
Analyst Insight
A smart investor would note the continued institutional ownership by Newport Trust Company, LLC in Dillard's, Inc. and consider it as a data point for long-term stability, but would not make immediate trading decisions based solely on this routine amendment.
Key Players & Entities
- Newport Trust Company, LLC (company) — the reporting person filing the SC 13G/A
- Dillard's, Inc. (company) — the subject company whose securities are being reported
- Class A Common Stock (security_type) — the type of securities held by Newport Trust Company, LLC
- December 31, 2023 (date) — the date of the event which required the filing
- February 5, 2024 (date) — the date the SC 13G/A was filed
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, specifically Amendment No. 7, as stated in the filing.
Who is the reporting person in this filing?
The reporting person is Newport Trust Company, LLC, as explicitly stated under 'NAME OF REPORTING PERSONS' on page 2 of the filing.
What is the name of the issuer whose securities are being reported?
The name of the issuer is Dillard's, Inc., as indicated in the 'Name of Issuer' section on the cover page of the filing.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Class A Common Stock of Dillard's, Inc. is 254067101, as listed on the cover page and page 2 of the filing.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified on the cover page of the filing.
Filing Stats: 931 words · 4 min read · ~3 pages · Grade level 9.1 · Accepted 2024-02-05 14:20:42
Filing Documents
- newporttrust-dds123123a7.htm (SC 13G/A) — 52KB
- 0001172661-24-000453.txt ( ) — 54KB
(a)Name of Issuer
Item 1. (a)Name of Issuer Dillard's, Inc. (b)Address of Issuer’s Principal Executive Offices 1600 Cantrell Road Little Rock, AR 72201
(a)Name of Person Filing
Item 2. (a)Name of Person Filing Newport Trust Company, LLC (b)Address of Principal Business Office, or, if none, Residence 1627 Eye Street, NW, Suite 950 Washington, DC 20006 (c)Citizenship Please refer to Item 4 on each cover sheet for each filing person (d)Title of Class of Securities Class A Common Stock (e) CUSIP No.: 254067101 CUSIP No. 254067101 SCHEDULE 13G/A Page 4 of 6 Pages
If
Item 3.If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) x Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) o An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: CUSIP No. 254067101 SCHEDULE 13G/A Page 5 of 6 Pages Item 4.Ownership Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. Newport Trust Company, LLC is a beneficial owner of the securities referenced herein in its capacity as trustee of the Dillard's, Inc. Investment and Employee Stock Ownership Plan Dillard's Stock Fund Trust. (a) Amount beneficially owned: 5,002,223 (b) Percent of class: 40.88% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 0 (iv)