Flossbach Von Storch SE has made a new investment in News Corporation, amounting to $445,000. News Corporation has initiated a US$1 Billion stock buy-back program. When comparing its performance to its peers in the communication services stocks, it's still notable. Updates have been made on the stock repurchase program and the ASX disclosures. Teachers Retirement System of Texas, Allspring Global Investments Holdings LLC, KBC Group NV, and Bessemer Group Inc. have sold their shares in the company. In contrast, Bank of NY Mellon Corp, Wealth Enhancement Advisory Services LLC, Beverly Hills Private Wealth LLC, and Sumitomo Mitsui Trust Group Inc. have purchased a significant number of shares, with Yacktman Asset Management naming News Corp as their 9th largest position. News Corp has continued its stock buyback program, revealing updates on the ongoing $1B program regularly. The corporation has also encountered a rejection of the activist bid to end the dual-class share structure. Robeco Institutional Asset Management B.V. bought 7,448 shares in News Corporation. In Q1, News Corp posted better-than-expected sales, causing its stocks to reach an all-time high. The company also recently completed the sale of Foxtel Group to DAZN.
