如果你想知道誰真正控制了金佰利公司(紐約證券交易所代碼:KMB),那麼你必須看看它的股票登記簿的構成。大公司通常有機構作為股東,我們通常會看到內部人士持有小公司的股份。已經私有化的公司往往擁有較低的內部人持股。
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2022-07-05 18:40
If you want to know who really controls Kimberly-Clark Corporation (NYSE:KMB), then you'll have to look at the makeup of its share registry. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. Companies that have been privatized tend to have low insider ownership.
如果你想知道誰真正控制了金佰利公司(紐約證券交易所代碼:KMB),那麼你必須看看它的股票登記簿的構成。大公司通常有機構作為股東,我們通常會看到內部人士持有小公司的股份。已經私有化的公司往往擁有較低的內部人持股。
Kimberly-Clark is a pretty big company. It has a market capitalization of US$46b. Normally institutions would own a significant portion of a company this size. In the chart below, we can see that institutions own shares in the company. Let's delve deeper into each type of owner, to discover more about Kimberly-Clark.
金佰利是一家相當大的公司。它的市值為460億美元。通常情況下,機構會持有如此規模的公司的很大一部分股份。在下面的圖表中,我們可以看到機構擁有該公司的股份。讓我們更深入地研究每種類型的所有者,以發現更多關於金佰利的信息。
Check out our latest analysis for Kimberly-Clark
查看我們對金佰利的最新分析
Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.
許多機構以一個接近當地市場的指數來衡量它們的表現。因此,他們通常更關注那些被納入主要指數的公司。
As you can see, institutional investors have a fair amount of stake in Kimberly-Clark. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. 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 Kimberly-Clark, (below). Of course, keep in mind that there are other factors to consider, too.
正如你所看到的,機構投資者在金佰利持有相當多的股份。這意味着為這些機構工作的分析師已經看過了這隻股票,他們喜歡它。但就像其他人一樣,他們也可能錯了。如果兩個大型機構投資者試圖同時拋售一隻股票,股價大幅下跌的情況並不少見。因此,值得查看金佰利過去的盈利軌跡(見下圖)。當然,請記住,還有其他因素需要考慮。
Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. Kimberly-Clark is not owned by hedge funds. The company's largest shareholder is The Vanguard Group, Inc., with ownership of 8.3%. Meanwhile, the second and third largest shareholders, hold 8.1% and 5.4%, of the shares outstanding, respectively.
投資者應該注意到,機構實際上擁有公司一半以上的股份,因此它們可以共同行使重大權力。金佰利並非由對衝基金所有。該公司的最大股東是先鋒集團,持股8.3%。與此同時,第二大和第三大股東分別持有8.1%和5.4%的流通股。
On studying our ownership data, we found that 25 of the top shareholders collectively own less than 50% of the share register, implying that no single individual has a majority interest.
在研究我們的所有權數據時,我們發現,25名大股東總共擁有不到50%的股份登記,這意味着沒有一個人擁有多數股權。
While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.
雖然研究一家公司的機構持股可以增加你的研究價值,但研究分析師的建議以更深入地瞭解一隻股票的預期表現也是一個很好的做法。相當多的分析師追蹤這隻股票,所以你可以很容易地研究預測增長。
The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. 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.
公司內部人的定義可能是主觀的,而且在不同的司法管轄區之間確實有所不同。我們的數據反映了個別內部人士,至少捕捉到了董事會成員。公司管理層對董事會負責,董事會應代表股東的利益。值得注意的是,有時最高層管理人員本身也是董事會成員。
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.
大多數人認為內部人持股是積極的,因為它可以表明董事會與其他股東很好地結盟。然而,在某些情況下,太多的權力集中在這個羣體中。
Our most recent data indicates that insiders own less than 1% of Kimberly-Clark Corporation. Being so large, we would not expect insiders to own a large proportion of the stock. Collectively, they own US$79m of stock. It is good to see board members owning shares, but it might be worth checking if those insiders have been buying.
我們的最新數據顯示,內部人士持有金佰利公司不到1%的股份。由於規模如此之大,我們不會指望內部人士會持有很大比例的股票。他們總共擁有7900萬美元的股票。看到董事會成員持有股票是件好事,但可能值得檢查一下這些內部人士是否一直在買入。
With a 23% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Kimberly-Clark. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.
擁有23%股權的普通公眾,主要由個人投資者組成,對金佰利有一定程度的影響力。雖然這羣人不一定能發號施令,但它肯定能對公司的運營方式產生真正的影響。
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. For example, we've discovered 3 warning signs for Kimberly-Clark that you should be aware of before investing here.
我發現看看到底是誰擁有一家公司是非常有趣的。但爲了真正獲得洞察力,我們還需要考慮其他信息。例如,我們發現金佰利的3個警告信號在這里投資之前你應該意識到這一點。
If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.
如果你更願意瞭解分析師對未來增長的預測,請不要錯過這一預期免費關於分析師預測的報告。
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:本文中的數字是使用過去12個月的數據計算的,指的是截至財務報表日期的最后一個月的12個月期間。這可能與全年的年度報告數字不一致。
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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.
對這篇文章有什麼反饋嗎?擔心內容嗎? 保持聯繫直接與我們聯繫。或者,也可以給編輯組發電子郵件,地址是implywallst.com。
本文由Simply Wall St.撰寫,具有概括性。我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議。它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況。我們的目標是為您帶來由基本面數據驅動的長期重點分析。請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內。Simply Wall St.對上述任何一隻股票都沒有持倉。