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% since January.
Investors approve of Chief Executive Bob Iger's stewardship of the company.
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% increase in net income for its fiscal third quarter, although its cash cow
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% to $12.47 billion.
The company's earnings were released the same day that
Fox's shares have recaptured ground they lost during the company's run for Time Warner. Fox Class A shares closed Tuesday at $35.89.
Time Warner shares are up nearly 8% from their pre-Fox-bid levels. Time Warner shares closed Tuesday at $76.99. (Shortly after Fox's bid was disclosed in mid-July, Time Warner reached $87 a share)
Disney's 52-week low of $60.41 came last year.
Disney's current market capitalization is nearly $155 billion.
The second-largest media company,