In an unusual move, activist investor Daniel Loeb (Trades, Portfolio) is asking Walt Disney Co DIS . (NYSE:DIS) to halt its dividend in favor of investing in new content for its subscription-based streaming service. "By reallocating a dividend of a few dollars per share, Disney could more than double its Disney+ original content budget," Loeb, who is currently one of the company's largest shareholders, wrote. Disney's dividend yield history. Other gurus who have large positions in Disney include Philippe Laffont (Trades, Portfolio), Ken Fisher (Trades, Portfolio), Primecap Management, Pioneer Investments (Trades, Portfolio), Diamond Hill Capital (Trades, Portfolio), Yacktman Asset Management (Trades, Portfolio), Ruane Cunniff (Trades, Portfolio), Tom Gayner (Trades, Portfolio), Mairs and Power (Trades, Portfolio) and David Tepper (Trades, Portfolio).

Source: Forbes October 08, 2020 16:30 UTC