FMR LLC & Abigail Johnson Trim Taylor Morrison Stake to 1.631%
Ticker: TMHC · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 1562476
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, homebuilder
TL;DR
**FMR LLC and Abigail Johnson slightly cut their stake in Taylor Morrison to 1.631%.**
AI Summary
FMR LLC, a major investment firm, and its Chairman and CEO, Abigail P. Johnson, have updated their ownership stake in Taylor Morrison Home Corp. As of February 9, 2024, they collectively beneficially own 1,752,517 shares of common stock, representing 1.631% of the company. This is an amendment to a previous filing, indicating a slight adjustment in their passive investment, which matters to shareholders as it shows a significant institutional investor's continued, albeit reduced, interest in the homebuilder.
Why It Matters
This filing indicates a slight reduction in FMR LLC's passive ownership in Taylor Morrison, which could signal a minor shift in a major institutional investor's confidence or portfolio allocation for the homebuilder.
Risk Assessment
Risk Level: low — The change in ownership is minor and represents a passive investment, posing minimal direct risk to the company or its stock price.
Analyst Insight
Investors should note that a major institutional investor like FMR LLC is adjusting its passive stake, which could be part of routine portfolio rebalancing rather than a strong bullish or bearish signal. Monitor future filings for significant changes in ownership percentage.
Key Numbers
- 1,752,517 — Shares Beneficially Owned (Total common stock shares of Taylor Morrison Home Corp owned by FMR LLC and Abigail P. Johnson.)
- 1.631% — Percent of Class (The percentage of Taylor Morrison Home Corp's common stock owned by FMR LLC and Abigail P. Johnson.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, likely Chairman and CEO of FMR LLC
- Taylor Morrison Home Corp (company) — the issuer of the securities
- 1,752,517 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
- 1.631% (dollar_amount) — percentage of class beneficially owned by FMR LLC and Abigail P. Johnson
Forward-Looking Statements
- FMR LLC will maintain a passive investment strategy in Taylor Morrison Home Corp. (FMR LLC) — high confidence, target: Next 12 months
FAQ
Who are the primary reporting persons in this SC 13G/A filing?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing.
What is the total number of Taylor Morrison Home Corp shares beneficially owned by FMR LLC and Abigail P. Johnson?
FMR LLC and Abigail P. Johnson each beneficially own 1,752,517 shares of Taylor Morrison Home Corp common stock, as detailed in Item 7 and Item 4(a) of the filing.
What percentage of Taylor Morrison Home Corp's common stock do FMR LLC and Abigail P. Johnson collectively own?
They collectively own 1.631% of Taylor Morrison Home Corp's common stock, as indicated in Item 11 and Item 4(b) of the filing.
What is the CUSIP number for Taylor Morrison Home Corp's common stock?
The CUSIP number for Taylor Morrison Home Corp's common stock is 87724P106, as listed in the filing.
What rule is this Schedule 13G/A filed under?
This Schedule 13G/A is filed pursuant to Rule 13d-1(b), as indicated by the checked box on the cover page and Item 3.
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 Taylor Morrison Home Corp (TMHC).