FMR LLC & Abigail Johnson Hold 9.53% Stake in Boston Scientific

TL;DR

**FMR LLC and Abigail Johnson still own nearly 10% of Boston Scientific, showing strong institutional backing.**

AI Summary

FMR LLC, a major investment firm, and its CEO, Abigail P. Johnson, have updated their ownership stake in Boston Scientific Corp. As of February 9, 2024, they collectively beneficially own 139,602,739 shares of common stock, representing 9.529% of the company. This filing indicates a significant, but passive, institutional investment, which can signal confidence in Boston Scientific's long-term prospects to current and potential shareholders.

Why It Matters

This filing shows a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, maintain a substantial stake in Boston Scientific, which can be a positive signal of confidence for other investors.

Risk Assessment

Risk Level: low — This filing is an update to a passive investment, indicating no immediate change in control or strategy, thus posing low risk.

Analyst Insight

A smart investor would view this as a confirmation of continued institutional interest in Boston Scientific, but it doesn't suggest any immediate catalysts for price movement. It's a data point for long-term conviction rather than short-term trading.

Key Numbers

• 139,602,739 — Shares Beneficially Owned (Total common stock shares owned by FMR LLC and Abigail P. Johnson in Boston Scientific Corp.)
• 9.529% — Percent of Class (The percentage of Boston Scientific Corp.'s common stock beneficially owned by FMR LLC and Abigail P. Johnson.)
• 0 — Sole Power to Vote (Abigail P. Johnson) (Abigail P. Johnson reports no sole voting power over the shares, indicating shared or indirect control.)
• 131,472,153 — Sole Power to Vote (FMR LLC) (FMR LLC reports sole voting power over a significant portion of its beneficially owned shares.)
• 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, likely CEO of FMR LLC
• BOSTON SCIENTIFIC CORP (company) — the issuer of the securities
• Delaware (company) — state of incorporation for FMR LLC
• United States of America (person) — citizenship of Abigail P. Johnson

Forward-Looking Statements

• FMR LLC will maintain a significant, passive stake in Boston Scientific Corp. for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
• Boston Scientific Corp.'s stock price will likely not be significantly impacted by this passive ownership update alone. (BOSTON SCIENTIFIC CORP) — medium confidence, target: 2024-03-09

FAQ

From the Filing

0000315066-24-000994.txt : 20240209 0000315066-24-000994.hdr.sgml : 20240209 20240209083554 ACCESSION NUMBER: 0000315066-24-000994 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BOSTON SCIENTIFIC CORP CENTRAL INDEX KEY: 0000885725 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 042695240 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-43484 FILM NUMBER: 24611366 BUSINESS ADDRESS: STREET 1: 300 BOSTON SCIENTIFIC WAY CITY: MARLBOROUGH STATE: MA ZIP: 01752-1234 BUSINESS PHONE: 508-683-4000 MAIL ADDRESS: STREET 1: 300 BOSTON SCIENTIFIC WAY CITY: MARLBOROUGH STATE: MA ZIP: 01752-1234 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FMR LLC CENTRAL INDEX KEY: 0000315066 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 043532603 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 6175706339 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FMR CORP DATE OF NAME CHANGE: 19920717 SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No.2 BOSTON SCIENTIFIC CORP COMMON STOCK Cusip #101137107 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) Cusip #101137107 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 131,472,153 Item 6: 0 Item 7: 139,602,739 Item 8: 0 Item 9: 139,602,739 Item 11: 9.529% Item 12: HC Cusip #101137107 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 139,602,739 Item 8: 0 Item 9: 139,602,739 Item 11: 9.529% Item 12: IN Item 1(a). Name of Issuer: BOSTON SCIENTIFIC CORP Item 1(b). Address of Issuer's Principal Executive Offices: 300 Boston Scientific Way Marlborough, MA 01752-1234 USA Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 101137107 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 139,602,739 (b) Percent of Class: 9.529% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 139,602,739 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of BOSTON SCIENTIFIC CORP. No one other person's interest in the COMMON STOCK of BOSTON SCIENTIFIC CORP is more than five percent of the total outstanding COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certifications