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News Corporation, with a market capitalization of $16.46 billion and a solid "GOOD" Financial Health Score according to InvestingPro, has announced the continuation of its stock repurchase program, as detailed in its recent SEC 8-K filing. The program authorizes the company to acquire up to $1 billion of its outstanding Class A and Class B common stock, supported by healthy free cash flow of $701 million in the last twelve months.
Under the Australian Securities Exchange rules, News Corp is required to report daily on any share buybacks. This information is also included in the company’s quarterly and annual reports to the SEC. Based on current analyst consensus, the stock shows strong potential, with targets ranging from $26.50 to $45.00 per share.
The 8-K filing, dated May 22, 2025, includes forward-looking statements regarding the company’s intention to repurchase shares over time. These statements are based on current management expectations and are subject to change due to various factors, including market conditions and regulatory requirements.
News Corp’s buyback plan reflects its ongoing capital management strategy and commitment to enhancing shareholder value. The company has made it clear that the forward-looking statements in the report are current as of the report’s date and that it does not commit to updating these statements in the future, except as required by law.
The information provided in this article is based on a press release statement from News Corp. (NASDAQ:NWSA)
In other recent news, News Corporation has announced the continuation of its stock repurchase program, allowing the buyback of up to $1 billion of its Class A and Class B common stock. This initiative is part of the company’s strategy to manage its capital effectively and enhance shareholder value. News Corp has been providing updates on these transactions to the Australian Securities Exchange, as required by its listing obligations, and includes these details in its quarterly and annual reports. The company has emphasized that the repurchase plans are subject to market conditions and legal requirements, and actual outcomes may vary based on these factors. Additionally, forward-looking statements regarding the program have been included in SEC filings, although News Corp has clarified that these are based on current expectations and subject to change. The company has not committed to updating these statements publicly unless required by law. This development reflects News Corp’s confidence in its financial strength and its dedication to returning value to shareholders through strategic capital allocation. Investors are encouraged to review the company’s SEC filings for more comprehensive details on the repurchase program and other financial activities.
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