SCHEDULE 13G/A: BlackRock Discloses Continued 6.1% Stake in Franklin Covey Co.
Beneficial Ownership Disclosure
BlackRock, Inc. has filed an amended Schedule 13G, reporting a 6.1% beneficial ownership stake in Franklin Covey Co. common stock as of March 31, 2025.
Summary
- BlackRock, Inc. filed an Amendment No. 8 to Schedule 13G, updating its beneficial ownership in Franklin Covey Co.
- As of March 31, 2025, BlackRock beneficially owns 802,320 shares of Franklin Covey Co. common stock.
- This ownership represents 6.1% of the total outstanding common stock of Franklin Covey Co.
- BlackRock, Inc. holds sole voting power over 795,069 shares and sole dispositive power over 802,320 shares.
- There is no shared voting power or shared dispositive power reported by BlackRock, Inc. for these shares.
- The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 6
Explanation: The filing indicates BlackRock, Inc. maintains a significant beneficial ownership stake in Franklin Covey Co., suggesting continued confidence in the company, though it is a routine disclosure of an existing position.
Positives
- BlackRock, Inc., a prominent institutional investor, maintains a significant 6.1% beneficial ownership stake in Franklin Covey Co., indicating continued investment and potential confidence in the company's long-term prospects.
Future Outlook
NA
Management Comments
- BlackRock, Inc. certified that the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.
Industry Context
NA
Stakeholder Impact
- Shareholders: Provides transparency regarding a major institutional investor's continued significant stake in the company, which can influence market perception.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Date of previously revoked Power of Attorney for BlackRock, Inc. |
| 2025-01-21 | Date of execution for the current Power of Attorney by BlackRock, Inc. |
| 2025-03-31 | Date of event which required the filing of this statement (beneficial ownership snapshot). |
| 2025-04-24 | Date of filing of this Schedule 13G Amendment No. 8. |
Keywords
BlackRock, Franklin Covey Co., Schedule 13G, beneficial ownership, common stock, institutional investment, SEC filing, ownership disclosure
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