In March, the Disney (DIS) and Twenty-First Century Fox (FOXA) transaction was completed. Over a year ago, Disney agreed to purchase a portions of FOXA assets at a value of $71.3B. This post is published to record the impact on the portfolio as well as my subsequent allocation between my accounts. Below are the details of these transactions.
Share price for DIS and FOXA are the closing prices on April 30, 2019 as obtained from Yahoo Finance.
Portfolio position prior to DIS purchasing FOXA assets
Portfolio Position post close DIS purchase of FOXA assets
Reallocation of shares between brokerage accounts
When all is said and done, the reallocation of shares held between the two accounts resulted in a net additional of contributed capital of $425.07 [contributed $864.97 to buy 23 shares FOXA and sold 4 shares of DIS for ($439.90) after the transaction closed].
When I compare the initial cost basis + recent purchase (net) and compare that sum to the current value of the resulting positions, I come up with the summary below.
The above summary is how I look at the current situation despite a different cost basis reported by each the brokerages resulting from the complexities of the transaction. All of the shares for both of these positions are held within tax deferred accounts so the tax implications that would otherwise result from cost basis seen below being different from the summary above is a moot point.
At the moment, neither of these stocks are on my short list of candidates for additional capital but we all know how things can change at the drop of a hat when it comes to the stock market so stay tuned.
Share price for DIS and FOXA are the closing prices on April 30, 2019 as obtained from Yahoo Finance.
Portfolio position prior to DIS purchasing FOXA assets
Portfolio Position post close DIS purchase of FOXA assets
Reallocation of shares between brokerage accounts
When all is said and done, the reallocation of shares held between the two accounts resulted in a net additional of contributed capital of $425.07 [contributed $864.97 to buy 23 shares FOXA and sold 4 shares of DIS for ($439.90) after the transaction closed].
When I compare the initial cost basis + recent purchase (net) and compare that sum to the current value of the resulting positions, I come up with the summary below.
The above summary is how I look at the current situation despite a different cost basis reported by each the brokerages resulting from the complexities of the transaction. All of the shares for both of these positions are held within tax deferred accounts so the tax implications that would otherwise result from cost basis seen below being different from the summary above is a moot point.
At the moment, neither of these stocks are on my short list of candidates for additional capital but we all know how things can change at the drop of a hat when it comes to the stock market so stay tuned.
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