Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The latest update is out from News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ).
News Corporation has disclosed details of a previously authorised share repurchase initiative, confirming a buy-back program of up to US$1 billion in aggregate of its Nasdaq-listed Class A and Class B common stock under its 2025 Repurchase Program. The company, which has more than 366 million Class A shares on issue in this class, will conduct purchases from time to time in the open market or otherwise, subject to market conditions and other factors, and has explicitly ruled out buying back any ASX-listed CHESS Depositary Interests under this program, signalling a focused effort to return capital to holders of its primary U.S.-listed equity while leaving its CDI float unchanged for Australian investors.
The buy-back framework underscores News Corp’s ongoing capital management strategy, with the maximum dollar amount clearly defined but no minimum repurchase obligation, allowing flexibility in execution depending on share price levels and broader market dynamics. This approach may support earnings per share accretion and share price over time for Nasdaq investors while maintaining liquidity in the company’s U.S. listings, yet it carries limited direct impact on ASX CDI holders given the explicit exclusion of those securities from the current plan.
The most recent analyst rating on (AU:NWS) stock is a Buy with a A$44.00 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 businesses span news, publishing and digital real estate, with its equity traded on Nasdaq and represented as CHESS Depositary Interests on the ASX. The company’s capital structure includes Class A and Class B common stock, with the ASX-listed CDIs providing Australian investors exposure to its U.S.-listed shares.
Average Trading Volume: 260,810
Technical Sentiment Signal: Hold
Current Market Cap: A$20.64B
For detailed information about NWS stock, go to TipRanks’ Stock Analysis page.