5 Biggest Stocks Targeted By Activist Investors Right Now

3. Walt Disney Co (NYSE:DIS)

Market Cap: $202.36 billion

Among energy companies that make up our list of 5 biggest stocks targeted by activists investors right now, Walt Disney Co (NYSE:DIS) looks like an outlier, although the market cap of $202.36 billion suggests otherwise. Walt Disney Co (NYSE:DIS) is currently engaged in a fierce proxy battle with activist investor Nelson Peltz, which reportedly has been going on for years. Nelson Peltz’s Trian Partners holds a $2.9 billion stake in Walt Disney Co (NYSE:DIS) and the investor has been attempting to obtain a board seat for years, according to reports. Both parties have been going at each other with statements and videos full of criticisms and asking for shareholders’ support at the upcoming annual meeting.

Earlier in March, Nelson Peltz published a white paper outlining his view on Walt Disney Co (NYSE:DIS)’s course of action. Among other things, the investor believes that Disney should be making fewer sequels, allocate funds towards less-expensive content that would balance out the higher-cost franchises. Peltz also believes the company should “issue long-term free cash flow growth target beyond FY 2024 to anchor investors on a clear strategic vision and enhance accountability.”

Walt Disney Co (NYSE:DIS) saw 89 funds in our database holding shares as of the end of December, unchanged over the quarter.