Is The Walt Disney Company (DIS) A Buy?

Going forward, the Studio segment should also continue to perform well with upcoming Pixar sequels like Monsters University and Finding Dory, and it’s safe to say most of us are well aware of the early success of Iron Man 3. In addition, as fellow Fool Tim Beyers pointed out recently, Thor: The Dark World is set for release in November, Captain America: The Winter Soldier is due out next year, and The Avengers 2 is slated for 2015.

If that weren’t enough, thanks to Disney’s acquisition of Lucasfilm last year, Star Wars Episode VII should also arrive in 2015, followed by at least two other character-specific Star Wars titles currently in development.

Better yet, with more than 26,000 characters to choose from between the Marvel and Star Wars universes, The Walt Disney Company (NYSE:DIS) certainly won’t be running out of fresh material anytime soon.

Even better yet, management also reminded investors this week that the company is working on opportunities for Star Wars theme park attractions, which should only serve to bolster the Parks and Resorts segment that much more.

Foolish final thoughts
Let’s just say Disney is currently firing on most cylinders, with the more impressive performances coming from its Parks and Resorts, Studio Entertainment, and Consumer Products divisions. Given its relative size, I suppose I’m not surprised revenue and income growth from Disney’s Media Networks was less spectacular, but the segment did improve nonetheless. And while there was marked improvement at Interactive on the surface, it’d be fantastic for owners of The Walt Disney Company (NYSE:DIS) stock if Infinity could finally propel Interactive into the black.

On that note, investors will also want to keep an eye on how ABC performs going forward, as I suspect correcting any further declines in profitability there will in all likelihood prove harder than it sounds.

In the end, I still think Disney stock remains a buy, even as it sits near all-time highs. After all, the shares currently trade at just 21.7 times trailing earnings, or only a slight premium to the S&P 500’s current price-to-earnings ratio at 19. Considering the company’s seemingly endless options to keep the world entertained with its absolutely epic moat, I’m convinced that premium is well deserved.

The article Disney Stock Hits an All-Time High: Is It Still a Buy? originally appeared on Fool.com.

Fool contributor Steve Symington has no position in any stocks mentioned. The Motley Fool recommends Activision Blizzard, Inc. (NASDAQ:ATVI) and Walt Disney (NYSE:DIS). The Motley Fool owns shares of Activision Blizzard, Inc. (NASDAQ:ATVI) and Walt Disney.

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