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Johnson & Johnson (NYSE:JNJ) Is a Favorite Amongst Institutional Investors Who Own 72%

Johnson & Johnson (NYSE:JNJ) Is a Favorite Amongst Institutional Investors Who Own 72%

強生公司(紐交所:JNJ)受到機構投資者青睞,他們擁有72%的股份
Simply Wall St ·  10/04 10:06

Key Insights

主要見解

  • Given the large stake in the stock by institutions, Johnson & Johnson's stock price might be vulnerable to their trading decisions
  • A total of 25 investors have a majority stake in the company with 43% ownership
  • Using data from analyst forecasts alongside ownership research, one can better assess the future performance of a company
  • 鑑於機構在股票中所佔的大部分股權,強生(Johnson & Johnson)的股價可能會對它們的交易決策產生影響。
  • 共有25位投資者擁有該公司的大多數股份,佔公司股份43%。
  • 通過分析師預測數據和所有權研究,您可以更好地評估公司未來的業績。

A look at the shareholders of Johnson & Johnson (NYSE:JNJ) can tell us which group is most powerful. With 72% stake, institutions possess the maximum shares in the company. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).

看一下強生(Johnson & Johnson)的股東,可以告訴我們哪個群體最具影響力。機構持有公司72%的股份,擁有最多的股票。換句話說,如果股價上漲,該群體將從中受益最多(或在股價下跌時損失最大)。

Given the vast amount of money and research capacities at their disposal, institutional ownership tends to carry a lot of weight, especially with individual investors. As a result, a sizeable amount of institutional money invested in a firm is generally viewed as a positive attribute.

由於機構擁有大量的資金和研究能力,因此機構所有權往往具有相當的分量,特別是對於個人投資者。因此,機構在一家企業中投資的規模可視爲該企業的一項重要資產。

In the chart below, we zoom in on the different ownership groups of Johnson & Johnson.

在下面的圖表中,我們放大了強生公司的不同所有權群體。

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NYSE:JNJ Ownership Breakdown October 4th 2024
紐約證券交易所:強生公司所有權拆分,2024年10月4日

What Does The Institutional Ownership Tell Us About Johnson & Johnson?

機構持股告訴我們什麼關於強生公司?

Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.

機構通常在向自己的投資者報告時會針對一個基準進行衡量,因此一旦某隻股票被納入主要指數,他們通常會更加熱衷於該股票。我們預計大多數公司都會有一些機構在登記簿上,尤其是那些正在增長的公司。

As you can see, institutional investors have a fair amount of stake in Johnson & Johnson. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Johnson & Johnson, (below). Of course, keep in mind that there are other factors to consider, too.

正如您所看到的,機構投資者在強生公司擁有相當大的股份。這表明在專業投資者中有一定的可信度。但我們不能僅僅依靠這個事實,因爲機構有時也會做出糟糕的投資,就像每個人一樣。如果兩位大型機構投資者同時嘗試拋售某隻股票,很常見會看到股價大幅下跌。因此,值得查看強生公司過去的盈利軌跡(如下)。當然,也要記住還有其他因素需要考慮。

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NYSE:JNJ Earnings and Revenue Growth October 4th 2024
紐交所:強生2024年10月4日的收益和營業收入增長

Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. We note that hedge funds don't have a meaningful investment in Johnson & Johnson. The Vanguard Group, Inc. is currently the company's largest shareholder with 9.5% of shares outstanding. BlackRock, Inc. is the second largest shareholder owning 8.2% of common stock, and State Street Global Advisors, Inc. holds about 5.5% of the company stock.

機構投資者擁有該公司超過50%的股份,因此他們可能會強烈影響董事會決策。我們注意到,對強生公司沒有什麼有意義的投資。目前,先鋒集團擁有公司最大的股份,佔已發行股份的9.5%。黑石集團是第二大股東,擁有公共股的8.2%,而道富銀行全球投資者持有該公司股份的約5.5%。

Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder.

我們的研究表明,前25大股東共控制了公司股份的不到一半,這意味着公司的股份廣泛分散,沒有主導股東。

Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.

研究機構持股比例是衡量和篩選股票預期表現的好方法。同樣可以通過研究分析師情緒來實現。由於相當多的分析師都關注着該股票,因此你可以很容易地研究預測的增長。

Insider Ownership Of Johnson & Johnson

強生公司的內部所有權

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.

雖然內部人員的具體定義可能是主觀的,但幾乎所有人都認爲董事會成員是內部人員。公司管理層應向董事會回答問題,後者應代表股東的利益。值得注意的是,有時高層管理人員也會成爲董事會成員。

Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.

大多數人認爲內部所有權是積極的,因爲它可以表示董事會與其他股東的利益相一致。但是,在某些場合下,這個團體的權力過於集中。

Our information suggests that Johnson & Johnson insiders own under 1% of the company. Being so large, we would not expect insiders to own a large proportion of the stock. Collectively, they own US$294m of stock. Arguably recent buying and selling is just as important to consider. You can click here to see if insiders have been buying or selling.

根據我們的信息,強生公司內部人員擁有公司不到1%的股份。 由於公司規模龐大,我們不指望內部人員擁有大部分股票。 他們共持有2.94億美元的股票。 最近的買賣行爲可以說同樣重要。 您可以點擊這裏查看內部人員是否一直在買賣。

General Public Ownership

一般大衆所有權

The general public, who are usually individual investors, hold a 27% stake in Johnson & Johnson. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.

一般公衆,通常是個人投資者,持有強生公司27%的股份。 雖然這個群體不一定能左右形勢,但肯定能對公司的運行產生實質影響。

Next Steps:

下一步:

I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Consider for instance, the ever-present spectre of investment risk. We've identified 1 warning sign with Johnson & Johnson , and understanding them should be part of your investment process.

我發現查看公司所有者身份非常有趣。但爲了真正獲得洞察,我們也需要考慮其他信息。例如,投資風險始終存在。我們已經發現了關於強生公司的一個警告信號,了解它們應該是您投資過程的一部分。

But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future.

但最終,決定該業務所有者將獲得多大利益的是未來而非過去。因此,我們認爲最好查看此免費報告,以了解分析師是否預測更光明的未來。

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

注:本文中的數據是使用最後一個財務報表日期結束的爲期12個月的數據計算的。這可能與全年年度報告數據不一致。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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