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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) just unveiled an announcement.
News Corporation has notified the ASX of a daily buy-back under previously authorised repurchase programs covering its Nasdaq-listed Class A and Class B common stock, specifically excluding any repurchase of ASX-listed CHESS Depositary Interests. Under a US$1 billion repurchase authorization established in 2021 and an additional US$1 billion authorization added in 2025, the company plans, subject to market conditions and other factors, to buy back up to a total of US$2 billion of stock over time, a capital management move that can support earnings per share, signal confidence in the company’s valuation, and potentially enhance returns for remaining shareholders without affecting the CDI float on the ASX.
The most recent analyst rating on (AU:NWS) stock is a Hold with a A$47.00 price target. To see the full list of analyst forecasts on News Corporation Shs B Chess Depository Interests repr 1 Sh stock, see the AU:NWS Stock Forecast page.
More about News Corporation Shs B Chess Depository Interests repr 1 Sh
News Corporation is a global media and information services company whose shares trade on the ASX under the code NWS and on Nasdaq, with separate Class A and Class B common stock. The company operates primarily in news, publishing, digital real estate, and related media sectors, using various equity structures, including CHESS Depositary Interests (CDIs), to access international capital markets.
Average Trading Volume: 146,763
Technical Sentiment Signal: Hold
Current Market Cap: A$23.18B
See more data about NWS stock on TipRanks’ Stock Analysis page.