Walt Disney Reaches New 52-Week High (DIS)

NEW YORK ( TheStreet) -- Walt Disney (NYSE: DIS) hit a new 52-week high Wednesday as it is currently trading at $50.64, above its previous 52-week high of $50.54 with 7.2 million shares traded as of 11:40 a.m. ET. Average volume has been nine million shares over the past 30 days.

Walt Disney has a market cap of $88.74 billion and is part of the services sector and media industry. Shares are up 32.8% year to date as of the close of trading on Tuesday.

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company has a P/E ratio of 18.2, above the average media industry P/E ratio of 17.8 and above the S&P 500 P/E ratio of 17.7.

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.

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