SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 9.6% Passive Stake in Boston Scientific Corp.
Beneficial Ownership Statement
FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, reporting a passive beneficial ownership of 9.6% of Boston Scientific Corp.'s common stock as of December 29, 2023.
Summary
- FMR LLC and Abigail P. Johnson collectively beneficially own 141,149,781.51 shares of Boston Scientific Corp. common stock.
- This ownership represents 9.6% of the total outstanding common stock of Boston Scientific Corp.
- FMR LLC holds sole voting power over 133,019,195.34 shares and sole dispositive power over 141,149,781.51 shares.
- Abigail P. Johnson, as a Director, Chairman, and Chief Executive Officer of FMR LLC, is deemed to be part of a controlling group for FMR LLC through family ownership and a shareholders' voting agreement.
- 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 control of the issuer.
- Several FMR LLC subsidiaries and affiliates are listed as entities that beneficially own shares, including Fidelity Management & Research Company LLC, which beneficially owns 5% or greater of the outstanding shares.
Sentiment
Score: 5
Explanation: The document is a routine Schedule 13G filing disclosing a passive ownership stake, providing factual information without expressing positive or negative sentiment about the issuer's performance or prospects.
Positives
- FMR LLC and Abigail P. Johnson maintain a significant passive stake of 9.6% in Boston Scientific Corp., indicating continued investment interest.
- The filing certifies that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Boston Scientific Corp.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Increased transparency for shareholders regarding significant passive institutional ownership.
Key Dates
| Date | Description |
|---|---|
| 01/03/2023 | Effective date of Power of Attorney for FMR LLC. |
| 01/10/2023 | Date of previous Schedule 13G filing by FMR LLC (accession number -23-000003) where FMR LLC's Power of Attorney was incorporated by reference. |
| 01/26/2023 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 01/31/2023 | Date of previous Schedule 13G filing by FMR LLC (accession number -23-000038) where Abigail P. Johnson's Power of Attorney was incorporated by reference. |
| 12/29/2023 | Date of event which requires filing of this statement (ownership snapshot date). |
| 04/04/2025 | Signature date of the current Schedule 13G filing. |
Keywords
Boston Scientific Corp, FMR LLC, Abigail P. Johnson, Schedule 13G, beneficial ownership, common stock, passive investment, institutional investor
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