News Corp to continue stock buyback, $1 billion plan

News Corporation, the media conglomerate known for its publishing and printing operations, has announced the continuation of its stock repurchase program.

The company, which trades on the Nasdaq Global Select Market under the tickers (NASDAQ:NWSA) for its Class A common stock and (NASDAQ:NWS) for its Class B common stock, is authorized to buy back up to $1 billion worth of its outstanding shares. With a market capitalization of $17 billion and trading at $28.52, InvestingPro analysis suggests the stock is currently trading above its Fair Value.

This repurchase program aligns with the company’s strategy to return value to shareholders and is part of a broader plan that News Corp has been implementing. The company’s decision was disclosed in a recent 8-K filing with the Securities and Exchange Commission (SEC), dated Monday, February 4, 2025. Analysts maintain a Strong Buy consensus on the stock, with price targets ranging from $24.14 to $43.00.

Under the rules of the Australian Securities Exchange (ASX), where News Corp also has a presence, the company must provide daily updates on any transactions made as part of this repurchase initiative. The company has committed to maintaining transparency by also including information about the repurchase program in its quarterly and annual reports. InvestingPro data shows the company maintains a GOOD financial health score, with particularly strong momentum and cash flow metrics.

Investors and market watchers will be able to follow the progress of the repurchase program through the disclosures made to the ASX, included in the exhibits attached to the SEC filing. These documents provide a snapshot of the company’s repurchase activities on the dates noted.

In other recent news, News Corp continues its $1 billion stock repurchase program, as detailed in several SEC filings. The company’s management believes this initiative could potentially benefit shareholders by improving earnings per share and return on equity over time. As part of this program, News Corp is required to provide daily transaction disclosures to the Australian Securities Exchange (ASX). The company’s commitment to the buyback program reflects a common corporate strategy to return value to shareholders.

News Corp has also included forward-looking statements in its filings, indicating its intention to repurchase shares from time to time. However, these plans are subject to various factors, including market conditions, applicable laws, and alternative investment opportunities. The company has clarified that actual results may differ materially from those projected in the forward-looking statements.

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