Whirlpool Corporation (NYSE:WHR) Is Largely Controlled by Institutional Shareholders Who Own 84% of the Company
Whirlpool Corporation (NYSE:WHR) Is Largely Controlled by Institutional Shareholders Who Own 84% of the Company
Key Insights
主要見解
- Given the large stake in the stock by institutions, Whirlpool's stock price might be vulnerable to their trading decisions
- 50% of the business is held by the top 11 shareholders
- Insiders have been selling lately
- 鑑於機構在股票中所佔比例較大,惠而浦的股票價格可能會受到他們交易決策的影響
- 前11名股東持有公司50%的股份。
- 內部人員最近一直在賣出。
Every investor in Whirlpool Corporation (NYSE:WHR) should be aware of the most powerful shareholder groups. And the group that holds the biggest piece of the pie are institutions with 84% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
每位惠而浦公司(紐約證券交易所:WHR)的投資者都應該注意最強大的股東集團。而持有最大股份的群體是擁有84%所有權的機構。換句話說,這個群體在對該公司的投資中將獲得最多(或損失最多)的利益。
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。
Let's take a closer look to see what the different types of shareholders can tell us about Whirlpool.
讓我們仔細看看不同類型的股東可以告訴我們關於惠而浦的什麼。
What Does The Institutional Ownership Tell Us About Whirlpool?
機構所有權告訴我們有關惠而浦的什麼?
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。
Whirlpool already has institutions on the share registry. Indeed, they own a respectable stake in the company. 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. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Whirlpool's earnings history below. Of course, the future is what really matters.
惠而浦已經有機構在股東名冊上。事實上,他們在公司中擁有一定的股份。這表明在專業投資者中有一定的信譽。但我們不能單單依靠這個事實,因爲機構有時也會做出糟糕的投資,就像其他人一樣。如果多家機構同時改變對一隻股票的看法,你可能會看到股價快速下跌。因此,值得查看一下惠而浦的下面的收益歷史。當然,未來才是真正重要的。
Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferences. Hedge funds don't have many shares in Whirlpool. BlackRock, Inc. is currently the company's largest shareholder with 12% of shares outstanding. The Vanguard Group, Inc. is the second largest shareholder owning 10.0% of common stock, and PRIMECAP Management Company holds about 8.8% of the company stock.
由於機構投資者擁有超過一半已發行股份,董事會可能需要關注他們的偏好。對於惠而浦,對沖基金持有的股份並不多。BlackRock公司目前是該公司最大的股東,持有12%的股份。Vanguard集團是第二大股東,持有公司普通股的10.0%,PRIMECAP管理公司持有公司股份的約8.8%。
After doing some more digging, we found that the top 11 have the combined ownership of 50% in the company, suggesting that no single shareholder has significant control over the company.
在深入挖掘後,我們發現前11名股東在該公司擁有50%的股份,這意味着沒有單一的股東對公司擁有顯著的控制權。
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. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.
研究機構所有權是衡量和過濾股票預期表現的好方法。通過研究分析師的情緒也可以實現同樣的目的。由於有相當數量的分析師涵蓋這支股票,因此了解他們對未來的整體看法可能會有所幫助。
Insider Ownership Of Whirlpool
惠而浦的內部持股情況
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.
在不同國家,內部人員的定義可能會略有不同,但董事會成員始終是內部人員。管理層最終向董事會負責。然而,如果管理人員是創始人或CEO,那麼成爲執行董事會成員也是很常見的。
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 most recent data indicates that insiders own less than 1% of Whirlpool Corporation. It's a big company, so even a small proportional interest can create alignment between the board and shareholders. In this case insiders own US$49m worth of shares. It is good to see board members owning shares, but it might be worth checking if those insiders have been buying.
我們最近的數據表明,內部持有惠而浦公司股份不到1%。 這是一家大公司,因此即使持有的比例很小,也可以在董事會和股東之間建立利益關係。在這種情況下,內部持有價值4900萬美元的股份。 看到董事會成員持有股份是件好事,但也值得檢查這些內部人員是否一直在買入。
General Public Ownership
一般大衆所有權
The general public, who are usually individual investors, hold a 13% stake in Whirlpool. 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,通常是個體投資者,持有惠而浦13%的股份。 雖然這個群體不能完全左右公司的決策,但它確實可以對公司的運行產生實際影響。
Next Steps:
下一步:
While it is well worth considering the different groups that own a company, there are other factors that are even more important. To that end, you should learn about the 3 warning signs we've spotted with Whirlpool (including 1 which doesn't sit too well with us) .
儘管考慮擁有公司的不同股東很重要,但還有其他更爲重要的因素。爲此,您應該了解我們在惠而浦發現的3個警示信號(其中一個讓我們感到不太舒服)。
Ultimately the future is most important. You can access this free report on analyst forecasts for the company.
最終,未來最重要。您可以在這份關於該公司分析師預測的免費報告中獲取有關信息。
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。
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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.
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Simply Wall St的這篇文章是一般性質的。我們僅基於歷史數據和分析師預測提供評論,使用公正的方法,我們的文章並非意在提供財務建議。這並不構成買入或賣出任何股票的建議,並且不考慮您的目標或財務狀況。我們旨在爲您帶來基於基礎數據驅動的長期聚焦分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St對提及的任何股票都沒有持倉。