Fmr LLC Sells 1,357,574 Shares of Relx Plc (NYSE:RELX)

Fmr LLC cut its holdings in Relx Plc (NYSE:RELX) by 19.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,791,263 shares of the technology company’s stock after selling 1,357,574 shares during the quarter. Fmr LLC’s holdings in Relx were worth $263,039,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of RELX. JPMorgan Chase & Co. raised its holdings in Relx by 14.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 826,481 shares of the technology company’s stock worth $39,225,000 after purchasing an additional 104,999 shares in the last quarter. LGT Group Foundation bought a new position in Relx in the fourth quarter worth about $257,000. Paradigm Asset Management Co. LLC lifted its holdings in Relx by 17.1% in the fourth quarter. Paradigm Asset Management Co. LLC now owns 81,600 shares of the technology company’s stock worth $3,706,000 after buying an additional 11,900 shares during the period. Smartleaf Asset Management LLC boosted its position in Relx by 120.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 12,066 shares of the technology company’s stock valued at $548,000 after acquiring an additional 6,588 shares in the last quarter. Finally, Merit Financial Group LLC bought a new stake in Relx during the 4th quarter valued at approximately $301,000. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Barclays upgraded Relx from an “equal weight” rating to an “overweight” rating in a research note on Friday, March 14th. The Goldman Sachs Group assumed coverage on shares of Relx in a report on Wednesday, March 26th. They set a “buy” rating on the stock. Redburn Atlantic initiated coverage on shares of Relx in a research report on Wednesday, January 8th. They issued a “buy” rating on the stock. Finally, StockNews.com cut shares of Relx from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Relx Stock Up 0.1 %

RELX stock opened at $49.06 on Friday. The business has a 50 day moving average of $49.29 and a 200 day moving average of $47.87. The firm has a market cap of $91.05 billion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 2.73 and a beta of 0.84. Relx Plc has a twelve month low of $40.25 and a twelve month high of $51.99. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.46.

Relx Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 9th will be issued a dividend of $0.5586 per share. The ex-dividend date of this dividend is Friday, May 9th. This is an increase from Relx’s previous semi-annual dividend of $0.23. This represents a dividend yield of 1.6%. Relx’s dividend payout ratio (DPR) is presently 59.68%.

Relx Company Profile

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.