Insiders At Johnson & Johnson Sold US$4.8m In Stock, Alluding To Potential Weakness
Insiders At Johnson & Johnson Sold US$4.8m In Stock, Alluding To Potential Weakness
The fact that multiple Johnson & Johnson (NYSE:JNJ) insiders offloaded a considerable amount of shares over the past year could have raised some eyebrows amongst investors. When analyzing insider transactions, it is usually more valuable to know whether insiders are buying versus knowing if they are selling, as the latter sends an ambiguous message. However, when multiple insiders sell stock over a specific duration, shareholders should take notice as that could possibly be a red flag.
Johnson & Johnson (NYSE:JNJ) 多位內部人士在過去一年裏大量出售股份，這可能會引起投資者的關注。分析內部交易時，通常更有價值的是了解公司高管的買入與賣出情況，而不是隻知道他們在賣出股票，因爲後者傳遞的信息是含糊不清的。然而，當多個內部人士在特定時期內出售股票時，股東應該注意這可能是一個警示信號。
Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.
雖然我們不認爲股東應該簡單地跟隨內部交易，但完全忽略內部交易將是愚蠢的。
Johnson & Johnson Insider Transactions Over The Last Year
Johnson & Johnson 過去一年的內部交易情況
Over the last year, we can see that the biggest insider sale was by the Executive VP & Chief Human Resources Officer, Peter Fasolo, for US$3.4m worth of shares, at about US$170 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$145. So it may not tell us anything about how insiders feel about the current share price.
過去一年中，我們可以看到執行副總裁兼首席人力資源官 Peter Fasolo 大宗出售了價值 340 萬美元的股票，價格爲約 170 美元/股。儘管內部人士出售股票是一件負面的事情，但對我們來說，如果股票在低價位賣出則會更爲負面。讓人稍微安慰的是，這次交易是以比當前股價（145 美元）高出很多的價格進行的，因此可能並不能告訴我們內部人士對於當前股價的看法。
Johnson & Johnson insiders didn't buy any shares over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Johnson & Johnson 內部人士在過去一年裏沒有購買任何股票。下面的圖表顯示了過去一年公司和個人的內部交易情況。如果您單擊圖表，就可以看到所有個人交易，包括股價、個人和日期！
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).
如果你喜歡購買內部人員正在購買而不是銷售的股票，那麼你可能會喜歡這份免費的公司列表。（提示：它們中的大部分都被忽視了。）
Insider Ownership Of Johnson & Johnson
Johnson & Johnson 內部人士持股情況
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Johnson & Johnson insiders own 0.08% of the company, currently worth about US$264m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
對於一般股東來說，了解公司內部人員持有的股份數量是值得的。如果內部人員擁有的股份比例高，則是一個好兆頭。Johnson & Johnson 內部人士持有公司 0.08% 的股份，目前價值約爲 2.64 億美元（基於最近的股價）。這種內部人員的持股比例通常會增加該公司以所有股東的利益運營的機會。
What Might The Insider Transactions At Johnson & Johnson Tell Us?
Johnson & Johnson 內部人士的交易可能告訴我們什麼？
The fact that there have been no Johnson & Johnson insider transactions recently certainly doesn't bother us. It's heartening that insiders own plenty of stock, but we'd like to see more insider buying, since the last year of Johnson & Johnson insider transactions don't fill us with confidence. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. For example, Johnson & Johnson has 2 warning signs (and 1 which is a bit concerning) we think you should know about.
最近沒有 Johnson & Johnson 的內部交易，這並沒有什麼影響力。內部人士擁有大量股票令人鼓舞，但是，由於 Johnson & Johnson 過去一年的內部交易情況並沒有給我們帶來信心，我們希望看到更多的內部人員買入股票。因此，了解內部人士買賣股票的情況雖然有幫助，但了解公司面臨的風險也很重要。例如，Johnson & Johnson 存在兩項風險 (其中一項有點令人擔憂)，我們認爲您應該了解。
Of course Johnson & Johnson may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
當然，Johnson & Johnson 可能不是最好的股票購買選擇。因此，您可能希望看看這個免費的高質量公司集合。
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
對於本文而言，內部人是指向相關監管機構報告其交易的個人。我們目前僅考慮公開市場交易和直接利益的私人處置，但不包括衍生交易或間接利益。
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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.
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者，發送電子郵件至editorial-team (at) 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。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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譯文內容由第三人軟體翻譯。