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Disney Stock Trading at All-Time Highs

Disney stock trades above $90 a share. 

Stock at the Walt Disney Co. is trading at all-time highs, according to a report by the Los Angeles Times.

Shares of the Burbank entertainment giant closed Tuesday up 12 cents to $90.09 a share. It was the first time in more than 15 years that the stock ended a trading day above $90 a share.

Back in the 1980s and '90s, Disney shares traded above $100 -- but that was before a series of stock splits established new adjusted levels.

On Monday, Disney shares reached $90.37 during intra-day trading. That set a 52-week high for the company. The stock has increased 18 percent since January.

Disney shares also got a boost earlier this month when the company reported strong quarterly earnings. Disney's film studio helped fuel the company's 22 percent increase in net income for its fiscal third quarter.

Disney posted net income of $2.25 billion for the quarter that ended June 28, up from $1.85 billion a year earlier. Revenue increased 8 percent to $12.47 billion.

Disney's 52-week low of $60.41 came last year.

Disney's current market capitalization is nearly $155 billion.

Jennifer Wolfe's picture

Jennifer Wolfe is Director of News & Content at Animation World Network.