Activist Investor Nelson Peltz Increases Disney Stake
Activist investor Nelson Peltz has increased his stake in The Walt Disney Company following a share sale in the first quarter of 2023. Peltz, who is the founder and CEO of Trian Fund Management, has been a major shareholder of Disney since 2017.
Trian Fund Management’s History with Disney
Trian Fund Management first purchased a stake in Disney in 2017, when it acquired a $2.5 billion stake in the company. At the time, Peltz said that he believed Disney was “undervalued” and that he was “confident in the company’s long-term prospects.” Since then, Trian has increased its stake in Disney to more than $3 billion.
Peltz’s Recent Increase in Disney Stake
In the first quarter of 2023, Peltz sold a portion of his Disney stake, reducing it from $3 billion to $2.7 billion. However, he has since increased his stake in the company again, buying an additional $300 million worth of shares. This brings his total stake in Disney to $3 billion.
Peltz’s Influence on Disney
Peltz has had a significant influence on Disney since he first acquired a stake in the company in 2017. He has pushed for changes in the company’s management structure, as well as its strategy for growth. He has also been a vocal advocate for Disney’s acquisition of 21st Century Fox, which was completed in 2019.
Disney’s Performance Since 2017
Since Peltz first acquired a stake in Disney in 2017, the company’s stock price has more than doubled. This is largely due to the success of Disney’s streaming service, Disney+, which has been a major driver of growth for the company. Disney+ has more than 100 million subscribers, and is expected to continue to grow in the coming years.
Peltz’s Long-Term Investment Strategy
Peltz has a long-term investment strategy when it comes to Disney. He believes that the company’s long-term prospects are strong, and that its stock price will continue to rise in the coming years. He has also said that he is confident in Disney’s ability to continue to innovate and grow its business.
Conclusion
Nelson Peltz has been a major shareholder of The Walt Disney Company since 2017, and has had a significant influence on the company since then. He recently increased his stake in the company, buying an additional $300 million worth of shares. Disney’s stock price has more than doubled since Peltz first acquired a stake in the company, and he believes that the company’s long-term prospects are strong.