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News Corporation (NASDAQ:NWSA) (NASDAQ:NWS), a global diversified media and information services company with a market capitalization of $16.17 billion, has disclosed its ongoing stock repurchase activities in a recent 8-K filing with the Securities and Exchange Commission (SEC). The filing, dated April 30, 2025, details the company’s authorization to buy back up to $1 billion of its outstanding Class A and Class B common stock under its current repurchase program. According to InvestingPro data, the company’s stock is currently trading at $27.12, with analysts setting price targets ranging from $26.50 to $44.00.
The company, incorporated in Delaware and headquartered at 1211 Avenue of the Americas, New York, NY, is required by the rules of the Australian Securities Exchange (ASX) to provide daily updates on any repurchase transactions. These updates are also included in News Corp’s quarterly and annual reports.
The 8-K filing includes two exhibits that were provided to the ASX, containing forward-looking statements regarding the intention to repurchase shares from time to time. These statements are based on current management expectations and are subject to change due to various factors, including market conditions and legal requirements.
News Corp has clarified that these forward-looking statements are only valid as of the date of the report, and it does not commit to updating them publicly unless required by law. The company’s filings with the SEC contain further information about risks, uncertainties, and factors that could affect actual results.
The stock repurchase program is part of News Corp’s broader strategy to manage its capital effectively. InvestingPro analysis shows the company maintains a healthy financial position with a "GOOD" overall health score, supported by strong metrics including a current ratio of 1.73 and manageable debt levels. The company’s stock is traded on The Nasdaq Global Select Market under the trading symbols NWSA for Class A Common Stock and NWS for Class B Common Stock. For detailed insights into News Corp’s financial health and growth potential, including exclusive ProTips and comprehensive analysis, investors can access the full Pro Research Report, one of 1,400+ deep-dive reports available on InvestingPro.
Investors and interested parties can refer to the company’s SEC filings for more detailed information regarding its stock repurchase program and other financial activities. The disclosure in the 8-K filing is based on a press release statement and aims to provide transparency to shareholders and the market about News Corp’s capital management initiatives.
In other recent news, News Corp has announced the continuation of its stock repurchase program, as detailed in its latest SEC filings. The program allows the company to buy back up to $1 billion of its Class A and Class B common stock. This initiative is part of News Corp’s strategy to manage capital allocation and enhance shareholder value. The company is required to report daily transactions to the Australian Securities Exchange (ASX) under this program. The SEC filing includes forward-looking statements about the company’s intentions to repurchase shares intermittently, although actual outcomes may vary due to market conditions and other factors. News Corp emphasizes that these forward-looking statements are based on current expectations and are subject to risks and uncertainties. The repurchase program reflects the company’s confidence in its financial strength and long-term business prospects. Investors can find more details in the company’s quarterly and annual reports, as well as in the formal documentation provided in the SEC filings.
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