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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) has provided an update.
News Corporation has notified the ASX of a daily buy-back under a previously authorised repurchase program targeting its Nasdaq-listed Class A and Class B common stock. The 2025 Repurchase Program allows the company to repurchase up to an aggregate of US$1 billion of these shares, without including any ASX-listed CHESS Depositary Interests in the buy-back.
The scale of the program, relative to the 365.3 million securities on issue in the relevant class, underscores an ongoing capital management strategy focused on returning value to shareholders. Execution of the buy-back will depend on market conditions, the company’s share price, and other factors, signalling flexible deployment of excess capital and potential support for earnings per share over time.
The most recent analyst rating on (AU:NWS) stock is a Buy with a A$53.00 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 publishing company whose shares trade on Nasdaq and as CHESS Depositary Interests on the ASX. The company operates across news, information, and related content businesses, with separate classes of common stock reflecting different voting rights and listings in multiple markets.
Average Trading Volume: 262,879
Technical Sentiment Signal: Hold
Current Market Cap: A$20.45B
Find detailed analytics on NWS stock on TipRanks’ Stock Analysis page.