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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) just unveiled an announcement.
News Corporation has confirmed details of an ongoing share repurchase initiative covering its Nasdaq-listed Class A and Class B common stock, under which it may buy back up to US$1 billion of shares authorized in 2021 and a further US$1 billion approved in 2025. The programs, which explicitly exclude ASX-listed CDIs, allow the company to repurchase shares in the open market or otherwise subject to market conditions and share price, potentially reducing the overall share count of the relevant classes and signaling continued use of buy-backs as a capital management tool for shareholders.
The most recent analyst rating on (AU:NWS) stock is a Hold with a A$49.00 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 best known for its portfolio of news, publishing and digital media assets, with its equity listed on Nasdaq and represented on the ASX through CHESS Depository Interests (CDIs). The company’s capital management strategy includes periodic share repurchase programs targeting its Nasdaq-listed Class A and Class B common stock, rather than its ASX-listed CDIs.
Average Trading Volume: 179,094
Technical Sentiment Signal: Hold
Current Market Cap: A$23.01B
Find detailed analytics on NWS stock on TipRanks’ Stock Analysis page.