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The latest announcement is out from News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ).
News Corporation has disclosed a daily update to the market on its previously authorised 2025 Repurchase Program, which allows it to buy back up to US$1 billion of its Nasdaq-listed Class A and Class B common stock. The company reports that 364,894,672 Class A shares are on issue, and emphasises that no ASX-listed CDIs will be repurchased under this program, focusing the capital management initiative on its U.S.-listed equity.
The buy-back, to be conducted from time to time on the open market or otherwise depending on market conditions and share price, underscores News Corp’s ongoing use of share repurchases as a tool for capital allocation. The initiative may support earnings per share and shareholder returns for holders of the U.S.-listed stock classes, while leaving the structure and float of the ASX-traded depository interests unchanged.
The most recent analyst rating on (AU:NWS) stock is a Buy with a A$50.00 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, with its primary equity listed on Nasdaq and Chess Depository Interests traded on the ASX. It operates through businesses spanning news and information, digital real estate, book publishing and subscription video, with distinct classes of common stock reflecting its capital structure.
Average Trading Volume: 262,708
Technical Sentiment Signal: Hold
Current Market Cap: A$21.54B
Find detailed analytics on NWS stock on TipRanks’ Stock Analysis page.