Vanguard Boosts Henry Schein Stake to 16.7% as of Dec 29, 2023

Ticker: HSIC · Form: SC 13G/A · Filed: 2024-02-13T00:00:00.000Z

Sentiment: bullish

Topics: institutional-ownership, amendment, passive-investment

TL;DR

**Vanguard just confirmed a 16.7% stake in Henry Schein, signaling strong institutional confidence.**

AI Summary

The Vanguard Group, a major investment management company, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in Henry Schein Inc. As of December 29, 2023, Vanguard beneficially owned 22,096,966 shares of Henry Schein's Common Stock, representing 16.7% of the company. This filing indicates Vanguard's continued significant passive investment in Henry Schein, signaling its long-term confidence in the company's performance and stability, which could reassure current and potential investors.

Why It Matters

This filing shows that a major institutional investor, Vanguard, maintains a substantial stake in Henry Schein, which can be seen as a vote of confidence in the company's future prospects. For investors, this suggests that a large, sophisticated entity believes Henry Schein is a sound investment.

Risk Assessment

Risk Level: low — This filing indicates a stable, passive institutional ownership, which generally reduces volatility and provides a foundation of support for the stock.

Analyst Insight

A smart investor would view Vanguard's continued substantial stake as a positive signal, suggesting long-term stability and potential for growth in Henry Schein. This could encourage further research into Henry Schein's fundamentals and potentially reinforce a buy or hold decision.

Key Numbers

22,096,966 — Shares Beneficially Owned (Represents the total number of Henry Schein Inc. Common Stock shares held by The Vanguard Group as of December 29, 2023.)
16.7% — Percentage of Class (Indicates the significant portion of Henry Schein Inc. that The Vanguard Group beneficially owns, highlighting its substantial investment.)

Key Players & Entities

The Vanguard Group (company) — reporting person and beneficial owner of Henry Schein Inc. shares
Henry Schein Inc (company) — the issuer of the securities being reported on
22,096,966 (dollar_amount) — number of shares beneficially owned by The Vanguard Group
16.7% (dollar_amount) — percentage of Henry Schein Inc. Common Stock beneficially owned by The Vanguard Group
December 29, 2023 (date) — date of the event which required the filing of this statement
February 13, 2024 (date) — filing date of the SC 13G/A amendment

Forward-Looking Statements

Vanguard will likely maintain its significant passive stake in Henry Schein Inc. throughout 2024. (The Vanguard Group) — high confidence, target: December 31, 2024
Henry Schein Inc.'s stock price will experience reduced volatility due to stable institutional ownership. (Henry Schein Inc.) — medium confidence, target: June 30, 2024

FAQ

What is the purpose of this SC 13G/A filing?

This SC 13G/A filing is an amendment (Amendment No. 11) by The Vanguard Group to report its beneficial ownership of Common Stock in Henry Schein Inc. as required by Rule 13d-1(b) of the Securities Exchange Act of 1934.

Who is the reporting person in this filing?

The reporting person is The Vanguard Group, with an IRS Identification No. of 23-1945930 and organized in Pennsylvania, as stated on the cover page of the filing.

What is the exact number of shares of Henry Schein Inc. Common Stock beneficially owned by The Vanguard Group as of the event date?

As of December 29, 2023, The Vanguard Group beneficially owned 22,096,966 shares of Henry Schein Inc. Common Stock, as indicated in the filing.

What percentage of Henry Schein Inc.'s Common Stock does The Vanguard Group beneficially own?

The Vanguard Group beneficially owns 16.7% of Henry Schein Inc.'s Common Stock, according to the filing's cover page.

When was the event date that triggered this filing?

The date of the event which required the filing of this statement was December 29, 2023, as specified in the filing.

From the Filing

0001104659-24-021108.txt : 20240213 0001104659-24-021108.hdr.sgml : 20240213 20240213170615 ACCESSION NUMBER: 0001104659-24-021108 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 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: 24628536 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: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv01106-henryscheininc.htm SCHEDULE 13G/A henryscheininc SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 11)* Name of issuer:  Henry Schein Inc Title of Class of Securities:  Common Stock CUSIP Number:  806407102 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ 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). (Continued on the following page(s))     13G CUSIP No.:  806407102 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 163,611 7.  SOLE DISPOSITIVE POWER 14,620,083 8.  SHARED DISPOSITIVE POWER 551,381 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,171,464 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11.62% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 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(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355 Item 2(c) – Citizenship: Pennsylvania Item 2(d) - Title of Class of Securitie