SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 14.1% Passive Stake in Carriage Services Inc.
Beneficial Ownership Disclosure
FMR LLC and its Chairman and CEO, Abigail P. Johnson, have filed an amended Schedule 13G, reporting a combined beneficial ownership of 14.1% of Carriage Services Inc.'s common stock as of March 31, 2025.
Summary
- FMR LLC and Abigail P. Johnson, its Chairman and CEO, jointly filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership in CARRIAGE SERVICES INC.
- As of March 31, 2025, the reporting persons beneficially own an aggregate of 2,211,892.37 shares of CARRIAGE SERVICES INC. Common Stock.
- This aggregate amount represents 14.1% of the total outstanding class of securities.
- FMR LLC holds sole voting power over 2,210,712.00 shares and sole dispositive power over 2,211,892.37 shares.
- Abigail P. Johnson holds sole dispositive power over 2,211,892.37 shares, with no sole or shared voting power.
- The filing indicates that the shares 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.
- FMR LLC is classified as a Parent Holding Company (HC), and Abigail P. Johnson is classified as an Individual (IN).
- Subsidiaries of FMR LLC, including Fidelity Management & Research Company LLC, are identified as entities that beneficially own shares, with Fidelity Management & Research Company LLC owning 5% or greater of the outstanding shares.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing disclosing beneficial ownership. It contains factual information about a significant stake by a major institutional investor, which is generally neutral but can be seen as a positive signal of confidence without implying any immediate strategic action or financial performance.
Positives
- A significant 14.1% stake held by a major institutional investor like FMR LLC (Fidelity) may signal confidence in Carriage Services Inc.'s long-term prospects.
- The filing explicitly states that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control, indicating a passive, stable investment.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of beneficial ownership by a large institutional investor in a publicly traded company within the funeral and cemetery services industry. It does not provide specific insights into broader industry trends but highlights significant institutional interest in Carriage Services Inc.
Stakeholder Impact
- Shareholders: The disclosure of a significant passive stake by a major institutional investor like FMR LLC could be viewed positively, potentially indicating long-term stability in the shareholder base and institutional confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for Stephanie J. Brown on behalf of FMR LLC. |
| 2023-01-26 | Effective date of Power of Attorney for Stephanie J. Brown on behalf of Abigail P. Johnson. |
| 2025-03-31 | Date of event which required the filing of this statement (ownership threshold crossed/changed). |
| 2025-05-09 | Date of signature for the Schedule 13G filing. |
Keywords
Carriage Services Inc., FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Fidelity
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