The growth outlook for Disney (DIS) remains positive today given the generally low risks facing the company. These low risks stem in large part from the competitive advantages it enjoys as one of the largest and most influential companies in the United States, and its attractive growth prospects.

Disney has immense financial resources with which it can invest in growth. Disney is the largest entertainment company in the S&P 500 Index. Disney stock is up 27% to start 2019, making it one of the top-performing stocks in the entire Dow Jones Industrial Average.

However, the swift increase in share price so far this year means Disney's valuation has become stretched. Disney is a quality long-term holding for dividend growth investors, but investors should wait for a lower price. The remainder of this article will discuss the price at which we view DIS as a buy.

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