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News Corp (NASDAQ:NWSA), currently valued at $16.04 billion by market capitalization, has announced ongoing efforts under its stock repurchase program, which authorizes the company to buy back up to $1 billion worth of its Class A and Class B common stock. This disclosure, required by the Australian Securities Exchange (ASX), was made today, Monday, and reflects the company’s commitment to the program, as detailed in the latest SEC Form 8-K filing. According to InvestingPro, the company maintains a FAIR financial health score, suggesting stable operational performance.
Under the repurchase program, News Corp, a global media and information services company generating $10.25 billion in revenue over the last twelve months, is obliged to provide daily updates to the ASX on any transactions made. These updates are also included in the company’s quarterly and annual reports to ensure transparency with its investors and the public. The program’s aim is to manage the company’s capital allocation effectively and to return value to its shareholders, complementing its current dividend yield of 0.74%.
The recent 8-K filing included forward-looking statements regarding News Corp’s intention to repurchase shares from time to time. However, these statements are based on current management expectations and are subject to change due to various factors. These factors may include fluctuations in the market price of News Corp’s stock, general market conditions, changes in securities laws, and the availability of alternative investment opportunities.
News Corp’s filings with the Securities and Exchange Commission (SEC) detail the risks, uncertainties, and other factors that could influence the actual outcomes of the repurchase program. The company has clarified that these forward-looking statements are valid as of the date of the report and that there is no commitment to update them publicly, except as required by law or regulation.
The filing, dated March 21, 2025, and signed by Senior Vice President, Deputy General Counsel, and Corporate Secretary Michael L. Bunder, ensures that News Corp adheres to both SEC and ASX regulations regarding its financial activities. The company’s business address is listed as 1211 Avenue of the Americas, New York, with a business phone number of 212-416-3400.
News Corp’s Class A and Class B common stock are traded on The Nasdaq Global Select Market under the symbols NWSA and NWS, respectively. The Class A shares currently trade at $27.04, within a 52-week range of $22.65 to $30.69. Analysts maintain a bullish outlook, with price targets ranging from $26.50 to $44.00. The company, incorporated in Delaware, has a fiscal year end of June 30. For deeper insights into News Corp’s valuation and growth potential, including exclusive ProTips and comprehensive financial analysis, visit InvestingPro, where you’ll find detailed research reports and expert commentary.
This news article is based on a press release statement and the information contained within the SEC filing.
In other recent news, News Corporation has announced the continuation of its stock repurchase program, which authorizes the acquisition of up to $1 billion of its Class A and Class B common stock. This initiative is part of News Corp’s capital allocation strategy, aiming to enhance shareholder value and is disclosed daily to the Australian Securities Exchange (ASX) as required. The company’s recent filings with the Securities and Exchange Commission (SEC) detail these transactions and include forward-looking statements about the intention to continue the buyback program, subject to market conditions and other factors. News Corp’s management views this as a prudent use of financial resources, reflecting confidence in the company’s long-term growth prospects. The company emphasizes that actual outcomes may differ from current expectations due to various market risks and uncertainties. The repurchase program is a strategy commonly employed by corporations to return capital to shareholders and potentially improve earnings per share by reducing the number of outstanding shares. News Corp’s disclosures ensure transparency and compliance with market regulations, although the company does not commit to future updates on these forward-looking statements beyond legal requirements. Investors and analysts are advised to consider the inherent risks and uncertainties associated with such statements.
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