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TheStreet Wire

Walt Disney Stock Hits New 52-Week High (DIS)

By TheStreet Wire 06/08/12 - 04:23 PM EDT

Find out if (DIS) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Walt Disney (NYSE:DIS) hit a new 52-week high Friday as it is currently trading at $46.25, above its previous 52-week high of $46.23 with 10.4 million shares traded as of 3:59 p.m. ET. Average volume has been 9.1 million shares over the past 30 days.

Walt Disney has a market cap of $81.38 billion and is part of the services sector and media industry. Shares are up 19.6% year to date as of the close of trading on Thursday.

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company has a P/E ratio of 16.7, above the average media industry P/E ratio of 16.3 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Walt Disney as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Walt Disney Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

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