Relx Plc (NYSE:RELX) Position Cut by Fmr LLC

FMR LLC lowered its stake in Relx Plc (NYSE:RELX - Free Report) by 19.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,791,263 shares of the technology company's stock after selling 1,357,574 shares during the period. FMR LLC owned approximately 0.31% of Relx worth $263,039,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of RELX. Raymond James Financial Inc. bought a new position in shares of Relx in the 4th quarter worth $44,516,000. Arrowstreet Capital Limited Partnership grew its position in shares of Relx by 50.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,968,739 shares of the technology company's stock valued at $89,420,000 after acquiring an additional 658,655 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Relx in the 4th quarter worth $9,920,000. ABC Arbitrage SA purchased a new position in shares of Relx in the fourth quarter valued at approximately $6,296,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Relx in the 3rd quarter worth approximately $6,366,000. 15.02% of the stock is owned by hedge funds and other institutional investors.

Relx Trading Down 0.4 %

RELX stock traded down $0.23 during midday trading on Wednesday, hitting $51.28. The stock had a trading volume of 655,518 shares, compared to its average volume of 718,789. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.52 and a quick ratio of 0.47. The firm has a market cap of $94.91 billion, a PE ratio of 27.57, a price-to-earnings-growth ratio of 2.73 and a beta of 0.84. Relx Plc has a 12-month low of $40.25 and a 12-month high of $51.99. The company's 50-day moving average price is $49.30 and its 200 day moving average price is $47.91.

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Relx Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 9th will be paid a dividend of $0.5586 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a yield of 1.6%. This is a boost from Relx's previous semi-annual dividend of $0.23. Relx's dividend payout ratio is presently 59.68%.

Analyst Ratings Changes

Several research firms have recently weighed in on RELX. Redburn Atlantic assumed coverage on shares of Relx in a research note on Wednesday, January 8th. They issued a "buy" rating for the company. Barclays raised Relx from an "equal weight" rating to an "overweight" rating in a research report on Friday, March 14th. StockNews.com cut shares of Relx from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Finally, The Goldman Sachs Group started coverage on Relx in a research report on Wednesday, March 26th. They set a "buy" rating on the stock. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy".

About Relx

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.