Relx Plc $RELX Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. decreased its stake in shares of Relx Plc (NYSE:RELX) by 5.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 352,742 shares of the technology company’s stock after selling 20,566 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Relx were worth $11,072,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of RELX. Capital International Investors grew its position in shares of Relx by 66.7% in the 4th quarter. Capital International Investors now owns 10,662,595 shares of the technology company’s stock worth $433,887,000 after acquiring an additional 4,264,474 shares in the last quarter. Morgan Stanley raised its position in shares of Relx by 7.0% during the 4th quarter. Morgan Stanley now owns 6,279,696 shares of the technology company’s stock valued at $253,825,000 after acquiring an additional 408,833 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Relx by 185.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,252,044 shares of the technology company’s stock valued at $140,955,000 after acquiring an additional 2,763,766 shares in the last quarter. Bank of America Corp DE lifted its stake in Relx by 14.3% during the first quarter. Bank of America Corp DE now owns 4,180,034 shares of the technology company’s stock worth $138,568,000 after purchasing an additional 522,619 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Relx by 1.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,502,488 shares of the technology company’s stock worth $141,583,000 after purchasing an additional 56,363 shares during the last quarter. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on RELX shares. Wall Street Zen raised shares of Relx from a “hold” rating to a “buy” rating in a report on Saturday. The Goldman Sachs Group assumed coverage on shares of Relx in a research report on Wednesday, June 3rd. They issued a “buy” rating on the stock. Weiss Ratings raised shares of Relx from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. Finally, Barclays reaffirmed an “overweight” rating on shares of Relx in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Relx Stock Performance

Shares of NYSE RELX opened at $35.50 on Friday. Relx Plc has a 12-month low of $27.57 and a 12-month high of $48.40. The company has a debt-to-equity ratio of 5.23, a current ratio of 0.45 and a quick ratio of 0.40. The stock’s 50 day simple moving average is $34.56 and its 200 day simple moving average is $33.96.

Relx Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 7th will be given a $0.2785 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a yield of 157.0%.

Relx Company Profile

RELX plc is a global provider of information, analytics and decision tools for professional and business customers. The company supplies content, data and analytical services that support decision-making across scientific, technical and medical research, legal and regulatory practice, and risk and business analytics. RELX’s offerings are largely delivered via digital platforms and subscription services designed for institutions, corporations and professionals who require specialized, high-value information and workflow solutions.

RELX operates through distinct business lines that include Elsevier, which provides scientific, technical and medical journals, books and online platforms such as research and discovery tools; Legal and Professional services, which deliver legal, regulatory and compliance content and workflow solutions; Risk & Business Analytics, which offers data, analytics and decision tools for insurance, banking, corporate and government risk assessment; and Exhibitions, which organizes industry trade shows and events.