Dow Today: Walt Disney (DIS) Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

The Dow Jones Industrial Average ( ^DJI) is trading up 60 points (+0.4%) at 15,028 as of Tuesday, May 7, 2013, 12:35 p.m. ET. During this time, 331.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 599 million. The NYSE advances/declines ratio sits at 1,907 issues advancing vs. 994 declining with 159 unchanged.
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The Dow component leading the way higher looks to be Walt Disney (NYSE: DIS), which is sporting a 30-cent gain (+0.5%) bringing the stock to $65.36. This single gain is lifting the Dow Jones Industrial Average by 2.27 points or roughly accounting for 3.8% of the Dow's overall gain. Volume for Walt Disney currently sits at six million shares traded vs. an average daily trading volume of 8.1 million shares.

Walt Disney has a market cap of $116.99 billion and is part of the services sector and media industry. Shares are up 30.7% year to date as of Monday's close. The stock's dividend yield sits at 1.2%.

The Walt Disney Company operates as an entertainment company worldwide. Its Media Networks segment engages in broadcast television network, television production and distribution, television stations, broadcast radio networks and stations, and publishing and digital operations. The company has a P/E ratio of 20.9, 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 revenue growth, solid stock price performance, largely solid financial position with reasonable debt levels by most measures, notable return on equity and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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